Frontier Group (NASDAQ:ULCC) Announces Earnings Results, Beats Estimates By $0.20 EPS

Frontier Group (NASDAQ:ULCC) posted its quarterly earnings data on Friday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.20, Zacks reports. Frontier Group updated its Q1 2025 guidance to 0.000-0.070 EPS and its FY 2025 guidance to 1.000- EPS.

Frontier Group Trading Up 15.0 %

ULCC stock traded up $1.21 during midday trading on Friday, hitting $9.30. 4,328,920 shares of the company’s stock were exchanged, compared to its average volume of 2,565,930. The stock has a market capitalization of $2.10 billion, a PE ratio of -233.77 and a beta of 2.34. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.57. Frontier Group has a 1-year low of $2.79 and a 1-year high of $9.67. The business has a 50-day simple moving average of $7.38 and a two-hundred day simple moving average of $5.73.

Insider Activity at Frontier Group

In other news, CEO Barry Biffle sold 273,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.44, for a total transaction of $2,304,120.00. Following the transaction, the chief executive officer now directly owns 816,817 shares in the company, valued at approximately $6,893,935.48. This trade represents a 25.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Josh T. Connor sold 30,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $5.74, for a total value of $172,200.00. Following the sale, the director now directly owns 326,550 shares of the company’s stock, valued at approximately $1,874,397. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 788,000 shares of company stock worth $6,214,070. 81.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on ULCC shares. Barclays lifted their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup boosted their price target on Frontier Group from $4.70 to $7.15 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised shares of Frontier Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $6.00 to $8.00 in a report on Wednesday, December 11th. UBS Group raised their price target on shares of Frontier Group from $6.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Susquehanna upped their price objective on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Frontier Group currently has an average rating of “Hold” and a consensus target price of $6.96.

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.