Frontier Group (NASDAQ:ULCC – Get Rating) announced its earnings results on Thursday. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.13), MarketWatch Earnings reports. Frontier Group had a negative net margin of 4.95% and a negative return on equity of 63.79%. The business had revenue of $605.00 million during the quarter, compared to analyst estimates of $611.66 million. During the same period in the previous year, the company earned ($0.86) earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis.
Shares of NASDAQ ULCC opened at $10.61 on Friday. Frontier Group has a 1-year low of $9.48 and a 1-year high of $22.70. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $11.37 and its two-hundred day moving average price is $13.38.
ULCC has been the topic of several research reports. Barclays dropped their price target on Frontier Group from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, January 14th. Zacks Investment Research raised Frontier Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Bank of America raised Frontier Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $19.00 to $18.00 in a research report on Friday, January 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $20.09.
About Frontier Group (Get Rating)
Frontier Group Holdings, Inc, a low-fare airline company, provides air transportation for passengers. The company operates an airline that serves approximately 120 airports throughout the United States and international destinations in the Americas. It offers its services through direct distribution channels, including its website, mobile app, and call center.
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