Frontier Group (NASDAQ:ULCC) Posts Earnings Results, Beats Expectations By $0.20 EPS

Frontier Group (NASDAQ:ULCC) posted its earnings results on Friday. The company reported $0.23 earnings per share 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 %

Shares of NASDAQ ULCC traded up $1.21 during trading on Friday, reaching $9.30. The company had a trading volume of 4,328,920 shares, compared to its average volume of 2,565,930. Frontier Group has a 12 month low of $2.79 and a 12 month high of $9.67. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $7.38 and its 200-day moving average price is $5.73. The stock has a market cap of $2.10 billion, a P/E ratio of -233.77 and a beta of 2.34.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, SVP Steve Schuller sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $7.07, for a total transaction 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. This represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barry Biffle sold 160,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the completion of the sale, the chief executive officer now directly owns 784,817 shares in the company, valued at approximately $5,399,540.96. This trade represents a 16.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 788,000 shares of company stock valued at $6,214,070. 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.