Equities analysts predict that Frontier Communications Corporation (NASDAQ:FTR) will post earnings per share of ($1.10) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Frontier Communications Corporation’s earnings, with the highest EPS estimate coming in at ($0.78) and the lowest estimate coming in at ($1.52). Frontier Communications Corporation reported earnings per share of ($0.60) during the same quarter last year, which would indicate a negative year over year growth rate of 83.3%. The company is expected to announce its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Frontier Communications Corporation will report full-year earnings of ($7.49) per share for the current year, with EPS estimates ranging from ($13.00) to ($3.80). For the next fiscal year, analysts forecast that the firm will report earnings of ($1.34) per share, with EPS estimates ranging from ($3.66) to $3.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Frontier Communications Corporation.

Frontier Communications Corporation (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing the consensus estimate of ($1.07) by $0.03. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. Frontier Communications Corporation’s revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.29) EPS.

Several brokerages have recently weighed in on FTR. UBS AG downgraded Frontier Communications Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $3.50 to $2.00 in a research note on Wednesday, May 3rd. Cowen and Company downgraded Frontier Communications Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $4.00 to $2.00 in a research note on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $4.00 target price (up from $3.50) on shares of Frontier Communications Corporation in a research note on Friday, April 28th. Deutsche Bank AG reaffirmed a “hold” rating and set a $2.00 target price (down from $3.00) on shares of Frontier Communications Corporation in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research raised Frontier Communications Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.14.

A number of hedge funds have recently modified their holdings of FTR. FNY Partners Fund LP boosted its stake in shares of Frontier Communications Corporation by 900.0% in the second quarter. FNY Partners Fund LP now owns 10,000 shares of the utilities provider’s stock valued at $174,000 after buying an additional 9,000 shares during the last quarter. Cadence Capital Management LLC boosted its stake in shares of Frontier Communications Corporation by 6.1% in the first quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock valued at $100,000 after buying an additional 2,661 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Frontier Communications Corporation by 0.8% in the first quarter. Sigma Planning Corp now owns 48,578 shares of the utilities provider’s stock valued at $104,000 after buying an additional 362 shares during the last quarter. WFG Advisors LP boosted its stake in shares of Frontier Communications Corporation by 5.8% in the first quarter. WFG Advisors LP now owns 50,026 shares of the utilities provider’s stock valued at $107,000 after buying an additional 2,751 shares during the last quarter. Finally, Fiera Capital Corp bought a new stake in shares of Frontier Communications Corporation during the second quarter valued at about $905,000.

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Shares of Frontier Communications Corporation (FTR) traded up 0.63% during trading on Wednesday, reaching $12.78. 1,353,830 shares of the company traded hands. The company’s market capitalization is $1.00 billion. The company’s 50-day moving average price is $14.55 and its 200-day moving average price is $25.63. Frontier Communications Corporation has a 52 week low of $11.65 and a 52 week high of $72.00.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.60 dividend. This is a boost from Frontier Communications Corporation’s previous quarterly dividend of $0.04. This represents a $2.40 annualized dividend and a yield of 18.78%. The ex-dividend date of this dividend is Thursday, September 14th. Frontier Communications Corporation’s dividend payout ratio is presently -16.65%.

Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

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