Frontier Group (ULCC) Expected to Release 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Frontier Group Price Performance

Shares of ULCC stock opened at $8.43 on Monday. The company’s 50-day simple moving average is $7.19 and its two-hundred day simple moving average is $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. The company has a market capitalization of $1.90 billion, a P/E ratio of -210.70 and a beta of 2.32.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Susquehanna lifted their target price on Frontier Group from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Citigroup increased their target price on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $6.00 to $8.00 in a report on Wednesday, December 11th. 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 report on Thursday, November 14th. Finally, Morgan Stanley lowered their target price 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.96.

Insider Transactions at Frontier Group

In other Frontier Group news, SVP Steve Schuller sold 5,000 shares of the business’s 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 sale, the senior vice president now owns 47,590 shares in the company, valued at approximately $336,461.30. The trade was a 9.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Josh T. Connor sold 30,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the transaction, the director now directly owns 326,550 shares in the company, valued at $1,874,397. This represents a 8.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 788,000 shares of company stock valued at $6,214,070. Corporate insiders own 81.50% of the company’s stock.

About Frontier Group

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.