Frontier Group (NASDAQ:ULCC) Announces Quarterly Earnings Results

Frontier Group (NASDAQ:ULCC - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.03, Zacks reports. The firm had revenue of $912.00 million for the quarter, compared to the consensus estimate of $996.05 million. Frontier Group had a net margin of 2.25% and a return on equity of 9.83%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) EPS. Frontier Group updated its Q2 2025 guidance to -0.370--0.23 EPS.

Frontier Group Price Performance

Shares of ULCC stock traded up $0.25 on Friday, hitting $3.36. 6,901,336 shares of the stock traded hands, compared to its average volume of 2,616,835. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26. The firm has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $6.33. The firm has a market cap of $764.99 million, a price-to-earnings ratio of 9.33 and a beta of 2.52.

Analyst Ratings Changes

A number of brokerages have weighed in on ULCC. Deutsche Bank Aktiengesellschaft lowered shares of Frontier Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $12.00 to $8.00 in a research note on Tuesday, March 4th. Citigroup lowered their target price on Frontier Group from $7.25 to $4.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley upped their price target on shares of Frontier Group from $7.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. UBS Group dropped their price objective on shares of Frontier Group from $7.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Bank of America reduced their target price on shares of Frontier Group from $10.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.11.

Insider Buying and Selling

In other Frontier Group news, SVP Alexandre Clerc sold 15,152 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the transaction, the senior vice president now directly owns 23,912 shares in the company, valued at $158,536.56. This represents a 38.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Howard Diamond sold 87,830 shares of Frontier Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $8.77, for a total transaction of $770,269.10. Following the completion of the sale, the executive vice president now owns 175,886 shares in the company, valued at approximately $1,542,520.22. This represents a 33.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.00% of the stock is currently owned by insiders.

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.

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