Frontier Group (ULCC) Scheduled to Post Earnings on Thursday

Frontier Group (NASDAQ:ULCC) is set to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Frontier Group to post earnings of $0.13 per share for the quarter.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. Frontier Group had a negative net margin of 0.67% and a positive return on equity of 3.62%. The firm had revenue of $865.00 million during the quarter, compared to analyst estimates of $859.21 million. During the same period in the previous year, the business posted ($0.06) earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts expect Frontier Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Frontier Group Stock Performance

Shares of ULCC stock opened at $3.94 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $882.40 million, a PE ratio of -32.83 and a beta of 2.51. The company has a 50 day moving average price of $4.77 and a 200-day moving average price of $5.98. Frontier Group has a 52 week low of $3.19 and a 52 week high of $9.50.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ULCC. Evercore ISI lifted their price target on shares of Frontier Group from $7.00 to $8.50 and gave the company an “in-line” rating in a report on Thursday, April 4th. TD Cowen lowered their target price on shares of Frontier Group from $6.50 to $4.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Raymond James cut shares of Frontier Group from a “market perform” rating to an “underperform” rating in a research report on Friday, July 5th. Susquehanna reduced their price target on shares of Frontier Group from $6.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Finally, Barclays reduced their price target on shares of Frontier Group from $9.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.76.

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.