Frontier Communications Parent (NASDAQ:FYBR) Releases Earnings Results

Frontier Communications Parent (NASDAQ:FYBR) issued its quarterly earnings data on Friday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.38), Briefing.com reports. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a net margin of 0.47% and a return on equity of 0.52%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS.

Frontier Communications Parent Price Performance

FYBR stock traded down $2.27 during trading on Friday, hitting $26.60. The stock had a trading volume of 3,493,073 shares, compared to its average volume of 1,559,005. Frontier Communications Parent has a twelve month low of $13.66 and a twelve month high of $29.47. The company’s 50-day moving average price is $26.38 and its two-hundred day moving average price is $24.79. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $6.61 billion, a P/E ratio of 241.82 and a beta of 1.08.

Wall Street Analyst Weigh In

FYBR has been the subject of a number of analyst reports. The Goldman Sachs Group began coverage on Frontier Communications Parent in a report on Monday, July 1st. They issued a “buy” rating and a $29.00 price target for the company. Citigroup raised their price target on shares of Frontier Communications Parent from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. UBS Group started coverage on shares of Frontier Communications Parent in a research report on Thursday, July 18th. They issued a “buy” rating and a $33.00 price objective for the company. TD Cowen lowered their target price on shares of Frontier Communications Parent from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Finally, Bank of America initiated coverage on Frontier Communications Parent in a research note on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price target for the company. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to data from MarketBeat, Frontier Communications Parent presently has an average rating of “Moderate Buy” and a consensus target price of $30.38.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.