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

Frontier Communications Parent (NASDAQ:FYBR) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Frontier Communications Parent (NASDAQ:FYBR) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Frontier Communications Parent had a net margin of 0.50% and a return on equity of 0.56%. Frontier Communications Parent’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. On average, analysts expect Frontier Communications Parent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Frontier Communications Parent Price Performance

Shares of NASDAQ FYBR opened at $22.62 on Friday. The firm has a market capitalization of $5.62 billion, a P/E ratio of 188.50 and a beta of 1.05. Frontier Communications Parent has a one year low of $11.65 and a one year high of $25.89. The company’s fifty day moving average is $23.44 and its two-hundred day moving average is $22.38. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.22 and a current ratio of 1.22.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FYBR. Citigroup upgraded shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $30.00 in a research report on Monday, April 15th. Bank of America initiated coverage on shares of Frontier Communications Parent in a report on Tuesday, April 9th. They issued a “buy” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.43.

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.