Frontier Group (NASDAQ:ULCC) Announces Financial Results

Frontier Group (NASDAQ:ULCC – Get Free Report) reported its quarterly earnings results on Thursday. The company reported earnings per share (EPS) of $0.14 for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03, Briefing.com reported. The company had revenue of $973.00 million for the quarter, compared to the consensus estimate of $1.03 billion. Frontier Group reported a positive return on equity of 3.62% and a negative net margin of 0.67%. Frontier Group’s revenue for the quarter increased 0.6% year over year. In the same quarter last year, the company reported earnings per share of $0.31.

Frontier Group Stock Market Performance

Frontier Group stock opened at $3.11 on Friday. Frontier Group has a one-year low of $2.97 and a one-year high of $8.33. The company has a market cap of $696.51 million, a price-to-earnings ratio of -25.92, and a beta of 2.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.46, and a current ratio of 0.50. The company’s 50-day moving average price is $4.46 and its 200-day moving average price is $5.90.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ULCC. TD Cowen lowered their price target on Frontier Group from $6.50 to $4.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Barclays lowered their price target on Frontier Group from $9.00 to $7.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Susquehanna lowered their price target on Frontier Group from $6.00 to $4.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. lowered their rating on Frontier Group from “neutral” to “underweight” in a research report on Tuesday, July 30th. Finally, Citigroup lowered their price target on Frontier Group from $7.00 to $5.35 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “hold” and an average price target of $6.34.

Check out our latest Frontier Group stock report

About Frontier Group

(Get a free report)

Frontier Group Holdings, Inc. provides low-cost passenger air transportation services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile application, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircraft.

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