Frontier Group (NASDAQ:ULCC) Announces Quarterly Earnings Results

Frontier Group (NASDAQ:ULCC) announced its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02, Briefing.com reports. The business had revenue of $973.00 million during the quarter, compared to the consensus estimate of $1.03 billion. Frontier Group had a positive return on equity of 3.62% and a negative net margin of 0.67%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share.

Frontier Group Price Performance

Shares of NASDAQ:ULCC opened at $3.11 on Monday. Frontier Group has a one year low of $2.97 and a one year high of $8.33. The stock has a market cap of $696.51 million, a PE ratio of -25.92 and a beta of 2.50. The business’s fifty day moving average price is $4.46 and its two-hundred day moving average price is $5.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46 and a current ratio of 0.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ULCC shares. Raymond James downgraded Frontier Group from a “market perform” rating to an “underperform” rating in a report on Friday, July 5th. Susquehanna cut their price objective on shares of Frontier Group from $6.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Frontier Group from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday. Barclays cut their price target on shares of Frontier Group from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, TD Cowen decreased their price objective on shares of Frontier Group from $6.50 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.24.

Frontier Group Company Profile

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.