Frontier Group (ULCC) Scheduled to Post Quarterly Earnings on Thursday

Frontier Group (NASDAQ:ULCC) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Frontier Group Trading Down 5.4 %

Shares of Frontier Group stock opened at $6.36 on Thursday. The firm has a market capitalization of $1.42 billion, a PE ratio of -106.00 and a beta of 2.57. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.48. The company’s fifty day moving average price is $7.30 and its two-hundred day moving average price is $5.66. Frontier Group has a 52-week low of $3.19 and a 52-week high of $10.57.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ULCC shares. Evercore ISI boosted their target price on shares of Frontier Group from $7.00 to $8.50 and gave the company an “in-line” rating in a research note on Thursday, April 4th. TD Cowen boosted their target price on shares of Frontier Group from $5.00 to $12.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Morgan Stanley restated an “equal weight” rating and issued a $8.00 target price (down previously from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. UBS Group started coverage on shares of Frontier Group in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $8.00 target price on the stock. Finally, Susquehanna boosted their target price on shares of Frontier Group from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Frontier Group presently has an average rating of “Hold” and a consensus price target of $7.78.

Insider Buying and Selling

In related news, CEO Barry Biffle sold 14,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7.21, for a total transaction of $104,545.00. Following the transaction, the chief executive officer now owns 63,949 shares in the company, valued at approximately $461,072.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 81.50% of the stock is owned by corporate insiders.

About Frontier Group

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.