Frontier Communications Parent (NASDAQ:FYBR) Posts Earnings Results, Misses Estimates By $0.18 EPS

Key Points

• Frontier Communications Parent reported a quarterly earnings per share (EPS) of ($0.49), missing the consensus estimate by $0.08.
• The company has a negative return on equity of 7.73% and a negative net margin of 6.47%.
• Frontier Communications' stock traded down 0.3% to $36.50, with a market cap of $9.13 billion.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.18), Zacks reports. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Frontier Communications Parent had a negative net margin of 6.47% and a negative return on equity of 7.73%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.49) EPS.

Frontier Communications Parent Stock Performance

FYBR opened at $36.50 on Wednesday. Frontier Communications Parent has a 1-year low of $24.43 and a 1-year high of $39.21. The stock has a market cap of $9.13 billion, a P/E ratio of -23.55 and a beta of 0.95. The stock's 50 day simple moving average is $36.49 and its 200 day simple moving average is $36.14. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.42 and a quick ratio of 0.42.

Institutional Trading of Frontier Communications Parent

Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in shares of Frontier Communications Parent by 957.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 772 shares of the company's stock worth $28,000 after buying an additional 699 shares in the last quarter. Royal Bank of Canada raised its position in Frontier Communications Parent by 5.3% during the first quarter. Royal Bank of Canada now owns 35,250 shares of the company's stock worth $1,264,000 after acquiring an additional 1,778 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Frontier Communications Parent by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 664,891 shares of the company's stock valued at $23,843,000 after purchasing an additional 49,803 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Frontier Communications Parent by 129.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,336,646 shares of the company's stock valued at $83,792,000 after purchasing an additional 1,316,597 shares in the last quarter.

About Frontier Communications Parent

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.