Frontier Communications Parent (FYBR) Set to Announce Earnings on Friday

Frontier Communications Parent (NASDAQ:FYBR) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Frontier Communications Parent to post earnings of ($0.01) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Frontier Communications Parent (NASDAQ:FYBR) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. On average, analysts expect Frontier Communications Parent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Frontier Communications Parent Stock Performance

FYBR stock opened at $23.34 on Thursday. The stock has a market capitalization of $5.80 billion, a PE ratio of 194.50 and a beta of 1.05. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.13. Frontier Communications Parent has a 12-month low of $11.65 and a 12-month high of $25.89. The stock’s 50 day simple moving average is $23.51 and its 200 day simple moving average is $22.61.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America started coverage on Frontier Communications Parent in a research note on Tuesday, April 9th. They issued a “buy” rating and a $30.00 price objective for the company. Citigroup upgraded shares of Frontier Communications Parent from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $30.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.43.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.