-$0.84 EPS Expected for Frontier Communications Corp (FTR) This Quarter
Wall Street analysts predict that Frontier Communications Corp (NASDAQ:FTR) will report ($0.84) earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for Frontier Communications’ earnings, with the highest EPS estimate coming in at ($0.53) and the lowest estimate coming in at ($1.16). Frontier Communications reported earnings per share of ($1.20) in the same quarter last year, which would suggest a positive year over year growth rate of 30%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Frontier Communications will report full year earnings of ($2.38) per share for the current year, with EPS estimates ranging from ($3.48) to ($0.95). For the next financial year, analysts forecast that the business will report earnings of ($1.01) per share, with EPS estimates ranging from ($3.29) to $1.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Frontier Communications.
Frontier Communications (NASDAQ:FTR) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.12) by $0.53. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. Frontier Communications had a negative return on equity of 3.95% and a negative net margin of 19.76%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS.
Shares of Frontier Communications (NASDAQ FTR) traded down $0.06 during mid-day trading on Thursday, reaching $8.22. The company’s stock had a trading volume of 2,128,595 shares, compared to its average volume of 3,913,470. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 7.46. The stock has a market cap of $644.51, a price-to-earnings ratio of -0.32 and a beta of 0.73. Frontier Communications has a 12 month low of $6.08 and a 12 month high of $40.35.
A number of institutional investors and hedge funds have recently modified their holdings of FTR. State of Alaska Department of Revenue purchased a new stake in Frontier Communications in the 4th quarter valued at about $105,000. Sciencast Management LP purchased a new stake in Frontier Communications in the 4th quarter valued at about $115,000. Edgestream Partners L.P. purchased a new stake in Frontier Communications in the 4th quarter valued at about $117,000. Quantbot Technologies LP purchased a new stake in Frontier Communications in the 3rd quarter valued at about $124,000. Finally, Engineers Gate Manager LP purchased a new stake in Frontier Communications in the 3rd quarter valued at about $138,000. Hedge funds and other institutional investors own 71.03% of the company’s stock.
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Frontier Communications 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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