Frontier Group (ULCC) Scheduled to Post Quarterly Earnings on Thursday

Frontier Group (NASDAQ:ULCC - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Frontier Group to post earnings of ($0.18) per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Frontier Group Price Performance

ULCC traded down $0.11 on Thursday, reaching $6.25. The stock had a trading volume of 1,508,940 shares, compared to its average volume of 2,318,129. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -104.17 and a beta of 2.57. Frontier Group has a fifty-two week low of $3.19 and a fifty-two week high of $10.57. The firm has a 50-day moving average of $7.27 and a 200-day moving average of $5.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of Frontier Group from $7.00 to $9.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. Bank of America reissued a "neutral" rating and issued a $6.00 price objective (down previously from $8.00) on shares of Frontier Group in a research note on Tuesday, January 9th. Evercore ISI lifted their target price on Frontier Group from $7.00 to $8.50 and gave the stock an "in-line" rating in a report on Thursday, April 4th. Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price target (down previously from $10.00) on shares of Frontier Group in a research note on Monday, January 8th. Finally, UBS Group initiated coverage on Frontier Group in a research note on Wednesday, March 20th. They issued a "neutral" rating and a $8.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.78.

Insiders Place Their Bets

In related news, CEO Barry Biffle sold 151,620 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $7.72, for a total value of $1,170,506.40. Following the transaction, the chief executive officer now directly owns 772,981 shares of the company's stock, valued at approximately $5,967,413.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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.