Frontier Communications Parent (FYBR) Set to Announce Quarterly Earnings on Friday

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Frontier Communications Parent to post earnings of ($0.01) per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. Frontier Communications Parent had a return on equity of 0.56% and a net margin of 0.50%. The company's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. On average, analysts expect Frontier Communications Parent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Frontier Communications Parent Stock Up 1.4 %

Shares of Frontier Communications Parent stock traded up $0.31 on Friday, hitting $22.93. The company had a trading volume of 893,822 shares, compared to its average volume of 1,667,141. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 191.08 and a beta of 1.05. Frontier Communications Parent has a 1 year low of $11.65 and a 1 year high of $25.89. The stock has a 50 day moving average of $23.45 and a 200-day moving average of $22.43. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.22 and a current ratio of 1.22.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FYBR. Bank of America began coverage on Frontier Communications Parent in a research note on Tuesday, April 9th. They issued a "buy" rating and a $30.00 price objective for the company. Citigroup raised Frontier Communications Parent from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $28.00 to $30.00 in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.43.

Frontier Communications Parent Company Profile

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.