Frontier Group (ULCC) Scheduled to Post Quarterly Earnings on Thursday

Frontier Group (NASDAQ:ULCC) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Frontier Group Price Performance

Shares of ULCC stock opened at $6.21 on Tuesday. Frontier Group has a fifty-two week low of $3.19 and a fifty-two week high of $10.57. The stock’s 50-day moving average is $7.20 and its two-hundred day moving average is $5.70. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

ULCC has been the subject of a number of recent research reports. Susquehanna upped their price objective on shares of Frontier Group from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. TD Cowen boosted their target price on shares of Frontier Group from $5.00 to $12.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Bank of America reaffirmed a “neutral” rating and issued a $6.00 price target (down from $8.00) on shares of Frontier Group in a research report on Tuesday, January 9th. Evercore ISI lifted their price target on Frontier Group from $7.00 to $8.50 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $8.00 price objective (down from $10.00) on shares of Frontier Group in a research report on Monday, January 8th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.78.

Insider Buying and Selling

In other Frontier Group news, CEO Barry Biffle sold 14,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7.21, for a total value of $104,545.00. Following the sale, the chief executive officer now owns 63,949 shares of the company’s stock, valued at approximately $461,072.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 81.50% of the stock is owned by company 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.