Wall Street brokerages expect Frontier Communications Corp (NASDAQ:FTR) to post earnings of ($0.35) per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Frontier Communications’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.60). Frontier Communications reported earnings per share of ($0.07) during the same quarter last year, which would indicate a negative year over year growth rate of 400%. The firm is scheduled to report its next earnings report on Tuesday, November 5th.

On average, analysts expect that Frontier Communications will report full-year earnings of ($52.37) per share for the current fiscal year, with EPS estimates ranging from ($53.33) to ($51.54). For the next financial year, analysts forecast that the business will report earnings of ($0.14) per share, with EPS estimates ranging from ($1.05) to $0.95. Zacks’ EPS calculations are an average based on a survey of analysts that cover Frontier Communications.

Frontier Communications (NASDAQ:FTR) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $1.26. Frontier Communications had a positive return on equity of 21.42% and a negative net margin of 71.86%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the company earned ($0.92) EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis.

FTR has been the subject of several research analyst reports. Royal Bank of Canada set a $1.00 price target on Frontier Communications and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Guggenheim set a $1.00 price objective on Frontier Communications and gave the company a “sell” rating in a research note on Wednesday, August 7th. Citigroup increased their target price on shares of Frontier Communications from $1.00 to $1.50 and gave the stock a “positive” rating in a research report on Thursday, June 20th. They noted that the move was a valuation call. ValuEngine raised shares of Frontier Communications from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Cowen set a $2.00 price objective on shares of Frontier Communications and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $2.25.

Institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp bought a new position in Frontier Communications during the 2nd quarter valued at $350,000. Cetera Advisors LLC bought a new stake in shares of Frontier Communications in the 1st quarter valued at approximately $35,000. Royce & Associates LP raised its position in shares of Frontier Communications by 40.6% during the 1st quarter. Royce & Associates LP now owns 26,468 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 7,640 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Frontier Communications by 23.7% in the first quarter. Commonwealth Bank of Australia now owns 847,100 shares of the utilities provider’s stock worth $1,681,000 after purchasing an additional 162,300 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Frontier Communications during the first quarter worth $860,000. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FTR traded up $0.17 during trading hours on Friday, hitting $1.19. The stock had a trading volume of 4,138,619 shares, compared to its average volume of 3,475,295. Frontier Communications has a 12-month low of $0.67 and a 12-month high of $7.25. The firm has a market cap of $89.33 million, a P/E ratio of -0.89 and a beta of 1.54. The company has a debt-to-equity ratio of 10.77, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $1.80.

About Frontier Communications

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper-based networks to consumer customers. The company also provides Ethernet and traditional circuit-based services; software defined wide area network, managed Wi-Fi and cloud IT solutions, voice and Unified Communications as a Service (UCaaS), and Voice over Internet Protocol (VoIP) services, as well as hardware and network solutions and services to small and medium business, and large enterprises.

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