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

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

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.38). Frontier Communications Parent had a negative net margin of 1.62% and a negative return on equity of 1.80%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. 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 Trading Up 0.2 %

Shares of Frontier Communications Parent stock opened at $35.81 on Friday. The business has a 50 day moving average price of $34.58 and a 200 day moving average price of $29.03. The company has a market capitalization of $8.92 billion, a P/E ratio of -96.78 and a beta of 1.10. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.87 and a quick ratio of 0.87. Frontier Communications Parent has a 1 year low of $17.51 and a 1 year high of $39.21.

Wall Street Analyst Weigh In

FYBR has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $38.50 price target (up previously from $31.00) on shares of Frontier Communications Parent in a research report on Friday, September 6th. Citigroup lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. The Goldman Sachs Group boosted their price target on Frontier Communications Parent from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, August 5th. UBS Group downgraded shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Raymond James lowered shares of Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.