Frontier Group (ULCC) Scheduled to Post Earnings on Thursday

Frontier Group (NASDAQ:ULCC) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Frontier Group to post earnings of ($0.18) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Frontier Group Trading Up 1.5 %

Shares of ULCC stock opened at $6.21 on Tuesday. The stock has a 50-day moving average of $7.20 and a 200-day moving average of $5.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group has a 1-year low of $3.19 and a 1-year high of $10.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of Frontier Group from $7.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. UBS Group initiated coverage on Frontier Group in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $8.00 price objective on the stock. Evercore ISI raised their target price on Frontier Group from $7.00 to $8.50 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 price target (down from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. Finally, Bank of America reiterated a “neutral” rating and issued a $6.00 price objective (down previously from $8.00) on shares of Frontier Group in a research note on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.78.

Insider Buying and Selling

In other Frontier Group news, CEO Barry Biffle sold 151,620 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $7.72, for a total value of $1,170,506.40. Following the transaction, the chief executive officer now owns 772,981 shares of the company’s stock, valued at $5,967,413.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 81.50% of the stock is owned by corporate 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.