Frontier Communications Parent (FYBR) Scheduled to Post Earnings on Tuesday

Frontier Communications Parent (NASDAQ:FYBR) will post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Frontier Communications Parent to post earnings of ($0.22) per share for the quarter.

Frontier Communications Parent (NASDAQ:FYBR) last announced its earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.38). Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect Frontier Communications Parent to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Frontier Communications Parent Stock Performance

NASDAQ FYBR opened at $36.14 on Friday. The company has a 50-day simple moving average of $34.73 and a two-hundred day simple moving average of $29.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.19. Frontier Communications Parent has a 12-month low of $17.51 and a 12-month high of $39.21. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of -97.68 and a beta of 1.10.

Analysts Set New Price Targets

FYBR has been the subject of several analyst reports. Raymond James lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. TD Cowen lowered shares of Frontier Communications Parent from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $38.50 in a research report on Tuesday, October 8th. Citigroup lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. The Goldman Sachs Group upped their price target on shares of Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Wolfe Research lowered shares of Frontier Communications Parent from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Frontier Communications Parent has a consensus rating of “Hold” and an average price target of $35.31.

About Frontier Communications Parent

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.