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

Frontier Communications Parent (NASDAQ:FYBR) is set to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Frontier Communications Parent to post earnings of ($0.22) per share for the quarter.

Frontier Communications Parent (NASDAQ:FYBR) last issued its quarterly earnings results on Friday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.38). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. 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 1.1 %

Shares of NASDAQ:FYBR opened at $36.14 on Friday. The company has a market capitalization of $9.00 billion, a P/E ratio of -97.68 and a beta of 1.10. Frontier Communications Parent has a 1 year low of $17.51 and a 1 year high of $39.21. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day simple moving average is $34.73 and its 200 day simple moving average is $29.16.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen downgraded Frontier Communications Parent from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $38.50 in a report on Tuesday, October 8th. Benchmark reaffirmed a “buy” rating and issued a $37.00 target price on shares of Frontier Communications Parent in a report on Thursday, September 5th. UBS Group cut Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 6th. Raymond James lowered Frontier Communications Parent from a “strong-buy” rating to a “market perform” rating in a research report on Monday, October 28th. Finally, Citigroup lowered Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.31.

Frontier Communications Parent Company Profile

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.