Frontier Group (ULCC) Expected to Announce Earnings on Tuesday

Frontier Group (NASDAQ:ULCC) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Frontier Group to post earnings of $0.03 per share and revenue of $960.33 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Frontier Group Trading Down 1.2 %

NASDAQ ULCC opened at $8.43 on Monday. The stock has a market capitalization of $1.90 billion, a P/E ratio of -210.70 and a beta of 2.32. The business has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $5.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group has a one year low of $2.79 and a one year high of $8.85.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ULCC. Barclays boosted their target price on shares of Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. UBS Group increased their price objective on shares of Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Frontier Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $6.00 to $8.00 in a research report on Wednesday, December 11th. Susquehanna increased their price target on Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley decreased their price objective on Frontier Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.96.

Insider Activity at Frontier Group

In related news, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total value of $1,100,800.00. Following the transaction, the chief executive officer now directly owns 784,817 shares of the company’s stock, valued at approximately $5,399,540.96. This represents a 16.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Steve Schuller sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $7.07, for a total value of $35,350.00. Following the transaction, the senior vice president now directly owns 47,590 shares in the company, valued at approximately $336,461.30. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 788,000 shares of company stock worth $6,214,070 over the last quarter. Corporate insiders own 81.50% of the company’s stock.

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.