Frontier Group (NASDAQ:ULCC) Releases Earnings Results, Beats Expectations By $0.20 EPS

Frontier Group (NASDAQ:ULCC) posted its quarterly earnings data on Friday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.20, Zacks reports. Frontier Group updated its Q1 2025 guidance to 0.000-0.070 EPS and its FY 2025 guidance to 1.000- EPS.

Frontier Group Stock Up 15.5 %

Frontier Group stock opened at $9.34 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group has a fifty-two week low of $2.79 and a fifty-two week high of $9.67. The firm’s 50 day simple moving average is $7.45 and its 200-day simple moving average is $5.77.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ULCC. Morgan Stanley reduced their price target on shares of Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Barclays upped their target price on Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. UBS Group increased their price target on Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $6.00 to $8.00 in a research note on Wednesday, December 11th. Finally, Susquehanna raised their target price on Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.96.

Insider Activity at Frontier Group

In related news, CEO Barry Biffle sold 160,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $6.88, for a total value of $1,100,800.00. Following the completion of the sale, the chief executive officer now directly owns 784,817 shares of the company’s stock, valued at approximately $5,399,540.96. This represents a 16.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Josh T. Connor sold 30,000 shares of Frontier Group stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the transaction, the director now directly owns 326,550 shares in the company, valued at approximately $1,874,397. This trade represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 788,000 shares of company stock worth $6,214,070. 81.50% of the stock is owned by corporate insiders.

Frontier Group Company Profile

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.