Frontier Group (NASDAQ:ULCC) Issues Quarterly Earnings Results

Frontier Group (NASDAQ:ULCC) posted its earnings results on Thursday. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09, Briefing.com reports. Frontier Group had a negative net margin of 0.31% and a positive return on equity of 5.33%. The firm had revenue of $865.00 million during the quarter, compared to analysts’ expectations of $859.21 million. During the same period last year, the company posted ($0.06) EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year.

Frontier Group Stock Down 3.0 %

Shares of ULCC traded down $0.18 during trading hours on Friday, hitting $5.76. The company had a trading volume of 2,173,964 shares, compared to its average volume of 2,290,833. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -96.00 and a beta of 2.63. The firm has a fifty day moving average price of $7.11 and a 200-day moving average price of $5.71. Frontier Group has a 52-week low of $3.19 and a 52-week high of $10.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.53.

Analysts Set New Price Targets

ULCC has been the subject of several research analyst reports. Evercore ISI raised their price objective on shares of Frontier Group from $7.00 to $8.50 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Susquehanna raised their target price on Frontier Group from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Barclays upped their price target on Frontier Group from $7.00 to $9.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. UBS Group initiated coverage on Frontier Group in a research report on Wednesday, March 20th. They set a “neutral” rating and a $8.00 price objective for the company. Finally, Morgan Stanley restated an “equal weight” rating and set a $8.00 target price (down previously from $10.00) on shares of Frontier Group in a report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Frontier Group has a consensus rating of “Hold” and a consensus price target of $7.28.

Insider Activity at Frontier Group

In related news, CEO Barry Biffle sold 14,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7.21, for a total value of $104,545.00. Following the completion of the transaction, the chief executive officer now directly owns 63,949 shares in the company, valued at approximately $461,072.29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 81.50% of the stock is currently owned by 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.