FairPoint Communications Company Profile (NASDAQ:FRP)

About FairPoint Communications (NASDAQ:FRP)

FairPoint Communications logoFairPoint Communications, Inc. is a provider of data, voice and communications services to business, wholesale and residential customers within its service territories. The Company offers its customers a suite of services, such as Ethernet, Session Initiation Protocol Trunking (SIP-Trunking), hosted Primary Branch Exchange (hosted PBX), managed services, data center colocation services, high capacity data transport and other Internet protocol (IP)-based services over its fiber-based network. It also offers Internet access, high-speed data, and local and long distance voice services. It provides services, such as Data and Internet Services, which include optical, Ethernet, Ethernet virtual circuit technology for cellular backhaul and private line special access services. It offers Voice Services, which include Local Calling Services, Long Distance Services and 9-1-1 Services. It also offers Network Transport Services, Interstate Access Charges and Intrastate Access Charges.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Integrated Telecommunications Services - NEC
  • Sub-Industry: Integrated Telecommunication Services
  • Symbol: NASDAQ:FRP
  • CUSIP: 30556030
  • Web: www.fairpoint.com
Capitalization:
  • Market Cap: $402.17 million
  • Outstanding Shares: 26,961,000
Average Prices:
  • 50 Day Moving Avg: $14.97
  • 200 Day Moving Avg: $17.06
  • 52 Week Range: $13.04 - $19.60
P/E:
  • Trailing P/E Ratio: 6.51
  • Foreward P/E Ratio: -8.61
  • P/E Growth: 7.35
Sales & Book Value:
  • Annual Revenue: $819.53 million
  • Price / Sales: 0.49
  • Book Value: ($2.74) per share
  • Price / Book: -5.44
Profitability:
  • EBIDTA: $390.82 million
  • Net Margins: 7.53%
  • Return on Equity: -128.00%
  • Return on Assets: 4.98%
Debt:
  • Debt-to-Equity Ratio: -12.15%
  • Current Ratio: 1.14%
  • Quick Ratio: 1.14%
Misc:
  • Average Volume: 176,386 shs.
  • Beta: 0.64
  • Short Ratio: 2.95
 

Frequently Asked Questions for FairPoint Communications (NASDAQ:FRP)

What is FairPoint Communications' stock symbol?

FairPoint Communications trades on the NASDAQ under the ticker symbol "FRP."

How were FairPoint Communications' earnings last quarter?

FairPoint Communications, Inc. (NASDAQ:FRP) announced its quarterly earnings results on Thursday, May, 4th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.77) by $0.11. The company had revenue of $201.91 million for the quarter, compared to analysts' expectations of $199.98 million. FairPoint Communications had a net margin of 7.53% and a negative return on equity of 128.00%. View FairPoint Communications' Earnings History.

Where is FairPoint Communications' stock going? Where will FairPoint Communications' stock price be in 2017?

2 analysts have issued 1-year target prices for FairPoint Communications' stock. Their predictions range from $17.00 to $17.00. On average, they anticipate FairPoint Communications' share price to reach $17.00 in the next year. View Analyst Ratings for FairPoint Communications.

What are analysts saying about FairPoint Communications stock?

Here are some recent quotes from research analysts about FairPoint Communications stock:

  • 1. According to Zacks Investment Research, "FairPoint Communications, Inc. operates as a provider of communications services to rural and small urban communities, primarily in northern New England. Services offered by the Company includes including local and long distance voice, data, Internet, television and broadband services. The Company operates local exchange companies and also offers video services to its customers by reselling DirectTV content and providing cable and IP television video over digital subscriber line (DSL). FairPoint Communications, Inc. is headquartered in Charlotte, North Carolina. " (5/8/2017)
  • 2. Jefferies Group LLC analysts commented, "Fairpoint reported better 4Q results, with revenue and adjusted EBITDA exceeding our forecast by 1.8% and 1.6%, respectively. Volumes were modestly better, though residual churn from changes in credit policies likely impacted metrics. While the EBITDA guide was better, the unlevered free cash flow outlook was inline. We expect a May-June closing of the merger with CNSL and lower our target to $17 given a recent change to our CNSL target." (3/7/2017)

Are investors shorting FairPoint Communications?

FairPoint Communications saw a drop in short interest in the month of May. As of May 15th, there was short interest totalling 541,807 shares, a drop of 41.1% from the April 28th total of 920,009 shares. Based on an average daily trading volume, of 212,499 shares, the short-interest ratio is currently 2.5 days. Currently, 2.1% of the company's stock are sold short.

Who are some of FairPoint Communications' key competitors?

Who are FairPoint Communications' key executives?

FairPoint Communications' management team includes the folowing people:

  • Edward Daniel Horowitz, Independent Chairman of the Board
  • Paul H. Sunu, Chief Executive Officer, Director
  • Karen D. Turner, Chief Financial Officer, Executive Vice President
  • Bruce F. Metge, Executive Vice President, Chief Legal Officer
  • Peter G. Nixon, Executive Vice President - External Affairs and Operational Support
  • John J. Lunny, Senior Vice President, Chief Technology Officer
  • John T. Hogshire, Vice President, Controller
  • Dennis J. Austin, Independent Director
  • Peter C. Gingold, Independent Director
  • Michael J. Mahoney, Independent Director

Who owns FairPoint Communications stock?

FairPoint Communications' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.98%), Renaissance Technologies LLC (4.82%), Gluskin Sheff & Assoc Inc. (2.73%), FMR LLC (2.62%), Wells Fargo & Company MN (2.46%) and Cowen Group Inc. (2.43%). View Institutional Ownership Trends for FairPoint Communications.

Who sold FairPoint Communications stock? Who is selling FairPoint Communications stock?

FairPoint Communications' stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, SG Americas Securities LLC, Renaissance Technologies LLC, York Capital Management Global Advisors LLC, Stevens Capital Management LP, JPMorgan Chase & Co., Russell Investments Group Ltd. and Gotham Asset Management LLC. View Insider Buying and Selling for FairPoint Communications.

Who bought FairPoint Communications stock? Who is buying FairPoint Communications stock?

FairPoint Communications' stock was acquired by a variety of institutional investors in the last quarter, including Gluskin Sheff & Assoc Inc., Bank of America Corp DE, Cowen Group Inc., Kassirer Asset Management Corp, Goldman Sachs Group Inc., Glazer Capital LLC, Wellington Management Group LLP and Vanguard Group Inc.. View Insider Buying and Selling for FairPoint Communications.

How do I buy FairPoint Communications stock?

Shares of FairPoint Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is FairPoint Communications' stock price today?

One share of FairPoint Communications stock can currently be purchased for approximately $14.90.


MarketBeat Community Rating for FairPoint Communications (NASDAQ FRP)
Community Ranking:  1.3 out of 5 ()
Outperform Votes:  24 (Vote Outperform)
Underperform Votes:  71 (Vote Underperform)
Total Votes:  95
MarketBeat's community ratings are surveys of what our community members think about FairPoint Communications and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for FairPoint Communications (NASDAQ:FRP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $17.00 (14.09% upside)

Analysts' Ratings History for FairPoint Communications (NASDAQ:FRP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/7/2017Jefferies Group LLCLower Price TargetHold$20.00 -> $17.00N/AView Rating Details
7/29/2016Drexel HamiltonDowngradeBuy -> HoldN/AView Rating Details
(Data available from 6/27/2015 forward)

Earnings

Earnings History for FairPoint Communications (NASDAQ:FRP)
Earnings by Quarter for FairPoint Communications (NASDAQ:FRP)
Earnings History by Quarter for FairPoint Communications (NASDAQ FRP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017($0.77)($0.88)$199.98 million$201.91 millionViewN/AView Earnings Details
3/6/2017Q4 2016$1.00$0.59$200.33 million$203.93 millionViewN/AView Earnings Details
11/2/2016Q316$1.60$1.48$206.60 million$207.10 millionViewListenView Earnings Details
8/3/2016Q2$1.36$1.08$206.95 million$206.56 millionViewListenView Earnings Details
5/4/2016Q1$1.06$0.68$206.63 million$206.82 millionViewListenView Earnings Details
3/2/2016Q4$1.28$1.56$213.73 million$209.82 millionViewListenView Earnings Details
11/3/2015Q315$0.92$1.96$215.04 million$221.60 millionViewListenView Earnings Details
8/5/2015Q215($1.20)$1.49$214.63 million$214.10 millionViewListenView Earnings Details
5/6/2015Q1($1.23)($1.70)$215.80 million$214.00 millionViewListenView Earnings Details
3/4/2015Q414($1.14)($1.64)$224.91 million$217.12 millionViewListenView Earnings Details
11/5/2014Q3($0.69)($0.61)$229.41 million$228.12 millionViewListenView Earnings Details
8/4/2014Q2($0.75)($0.86)$230.62 million$225.60 millionViewListenView Earnings Details
5/5/2014Q1($1.12)($1.22)$232.18 million$230.60 millionViewListenView Earnings Details
3/4/2014Q4($0.82)$0.23ViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for FairPoint Communications (NASDAQ:FRP)
Current Year EPS Consensus Estimate: $-2.03 EPS
Next Year EPS Consensus Estimate: $-1.73 EPS

Dividends

Dividend History for FairPoint Communications (NASDAQ:FRP)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for FairPoint Communications (NASDAQ:FRP)
Insider Ownership Percentage: 7.60%
Institutional Ownership Percentage: 88.63%
Insider Trades by Quarter for FairPoint Communications (NASDAQ:FRP)
Institutional Ownership by Quarter for FairPoint Communications (NASDAQ:FRP)
Insider Trades by Quarter for FairPoint Communications (NASDAQ:FRP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/29/2015John HogshireSVPSell3,426$19.05$65,265.30View SEC Filing  
5/14/2013Dennis J AustinDirectorBuy2,000$8.90$17,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for FairPoint Communications (NASDAQ:FRP)
Latest Headlines for FairPoint Communications (NASDAQ:FRP)
Source:
DateHeadline
americanbankingnews.com logoComparing ATN International (ATNI) & FairPoint Communications (FRP)
www.americanbankingnews.com - June 24 at 12:14 PM
americanbankingnews.com logo Analysts Expect FairPoint Communications, Inc. (FRP) Will Post Quarterly Sales of $199.24 Million
www.americanbankingnews.com - June 21 at 8:48 AM
americanbankingnews.com logoZacks: Analysts Expect FairPoint Communications, Inc. (FRP) to Announce -$0.38 EPS
www.americanbankingnews.com - June 19 at 10:26 PM
americanbankingnews.com logoFairPoint Communications Inc (FRP) Downgraded by ValuEngine to "Buy"
www.americanbankingnews.com - June 4 at 3:34 PM
finance.yahoo.com logoVermont, FairPoint buyer reach agreement
finance.yahoo.com - June 3 at 5:06 PM
americanbankingnews.com logoFairPoint Communications Inc (FRP) Sees Significant Decline in Short Interest
www.americanbankingnews.com - May 28 at 8:44 AM
americanbankingnews.com logo$199.24 Million in Sales Expected for FairPoint Communications Inc (FRP) This Quarter
www.americanbankingnews.com - May 26 at 1:52 PM
globenewswire.com logoFairPoint Communications to Award $50,000 to Maine Non-profits Through New Connected Communities Program
globenewswire.com - May 22 at 11:25 AM
finance.yahoo.com logoFairPoint Communications to Award $50,000 to Maine Non-profits Through New Connected Communities Program
finance.yahoo.com - May 22 at 11:25 AM
finance.yahoo.com logoETFs with exposure to FairPoint Communications, Inc. : May 9, 2017
finance.yahoo.com - May 9 at 5:09 PM
americanbankingnews.com logoFairPoint Communications Inc (FRP) Downgraded by Zacks Investment Research
www.americanbankingnews.com - May 8 at 8:30 PM
finance.yahoo.com logoFairPoint Communications, Inc. :FRP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 8, 2017
finance.yahoo.com - May 8 at 5:06 PM
americanbankingnews.com logoFairPoint Communications Inc (FRP) Issues Earnings Results
www.americanbankingnews.com - May 8 at 3:36 PM
finance.yahoo.com logoFairPoint Communications, Inc. – Value Analysis (NASDAQ:FRP) : May 5, 2017
finance.yahoo.com - May 5 at 5:29 PM
finance.yahoo.com logoFairPoint Communications Reports 2017 First Quarter Results
finance.yahoo.com - May 4 at 12:17 PM
finance.yahoo.com logoFairPoint reports 1Q loss
finance.yahoo.com - May 4 at 12:17 PM
finance.yahoo.com logoFairPoint Communications, Inc. breached its 50 day moving average in a Bearish Manner : FRP-US : May 4, 2017
finance.yahoo.com - May 4 at 12:17 PM
seekingalpha.com logoFairPoint Communications misses by $0.21, beats on revenue
seekingalpha.com - May 4 at 6:07 AM
americanbankingnews.com logo Analysts Anticipate FairPoint Communications Inc (FRP) Will Announce Earnings of $0.01 Per Share
www.americanbankingnews.com - May 1 at 7:44 PM
americanbankingnews.com logoFairPoint Communications (FRP) Earns Daily Media Impact Score of 0.31
www.americanbankingnews.com - April 29 at 10:23 PM
finance.yahoo.com logo5 Telecom Stocks Set to Beat Estimates this Earnings Season
finance.yahoo.com - April 25 at 4:53 PM
americanbankingnews.com logoFairPoint Communications (FRP) Getting Positive Press Coverage, Study Shows
www.americanbankingnews.com - April 25 at 4:10 PM
feeds.benzinga.com logoFairPoint Communications to Release 2017 First Quarter Results
feeds.benzinga.com - April 24 at 4:55 PM
americanbankingnews.com logoFavorable Media Coverage Somewhat Likely to Impact FairPoint Communications (FRP) Share Price
www.americanbankingnews.com - April 22 at 2:25 PM
americanbankingnews.com logoFairPoint Communications (FRP) Earning Favorable Media Coverage, Analysis Shows
www.americanbankingnews.com - April 19 at 12:35 PM
americanbankingnews.com logoFairPoint Communications (FRP) Receiving Somewhat Critical News Coverage, Study Shows
www.americanbankingnews.com - April 16 at 1:01 PM
americanbankingnews.com logoZacks: Brokerages Expect FairPoint Communications Inc (FRP) Will Announce Quarterly Sales of $199.98 Million
www.americanbankingnews.com - April 12 at 11:56 AM
finance.yahoo.com logoFairPoint Communications, Inc. breached its 50 day moving average in a Bullish Manner : FRP-US : April 10, 2017
finance.yahoo.com - April 10 at 11:29 AM
finance.yahoo.com logoFairPoint Communications (FRP): Strong Industry, Solid Earnings Estimate Revisions
finance.yahoo.com - April 7 at 9:52 AM
americanbankingnews.com logoZacks: FairPoint Communications Inc (FRP) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - April 4 at 10:30 PM
us.rd.yahoo.com logo2:01 pm Fairpoint Comms and Consolidated Communications (CNSL) shareholders approve proposed merger; cos expect the transaction to close by mid-2017
us.rd.yahoo.com - March 28 at 9:58 PM
biz.yahoo.com logoFAIRPOINT COMMUNICATIONS INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Other Events
us.rd.yahoo.com - March 28 at 9:58 PM
americanbankingnews.com logoFairPoint Communications Inc (FRP) Short Interest Update
www.americanbankingnews.com - March 28 at 8:26 AM
seekingalpha.com logoConsolidated, FairPoint Communications rise with merger vote on track
seekingalpha.com - March 24 at 4:46 AM
us.rd.yahoo.com logoFairPoint Communications Reports 2016 Fourth Quarter and Full Year Results
us.rd.yahoo.com - March 7 at 5:04 PM
biz.yahoo.com logoFAIRPOINT COMMUNICATIONS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
biz.yahoo.com - March 6 at 9:38 AM
biz.yahoo.com logoQ4 2016 FairPoint Communications Inc Earnings Release - Before Market Open
biz.yahoo.com - March 6 at 9:38 AM
feeds.benzinga.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Filing of a Complaint Concerning the Sale of FairPoint Communications, Inc. to Consolidated Communications Holdings, Inc. -- FRP
feeds.benzinga.com - March 2 at 12:27 PM
finance.yahoo.com logoFairPoint Communications Receives $36.7 Million in New NY Broadband Program Phase 2 Awards
finance.yahoo.com - March 2 at 10:28 AM
finance.yahoo.com logo9:02 am Fairpoint Comms receives $36.7 million in New NY Broadband Program Phase 2 grants
finance.yahoo.com - March 2 at 10:28 AM
streetinsider.com logoForm 8-K Consolidated Communicati For: Feb 27
www.streetinsider.com - February 28 at 8:42 AM
biz.yahoo.com logoFAIRPOINT COMMUNICATIONS INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - February 27 at 7:12 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against FairPoint Communications, Inc.
finance.yahoo.com - February 27 at 7:12 PM
feeds.benzinga.com logoFairPoint Communications Sets Record and Meeting Dates to Approve Merger With Consolidated Communications
feeds.benzinga.com - February 27 at 9:26 AM
finance.yahoo.com logoFairPoint Communications to Release 2016 Fourth Quarter and Fiscal Year Results
finance.yahoo.com - February 23 at 5:18 PM
nasdaq.com logoPolaris Capital Management, LLC Buys Verint Systems, Web. ...
www.nasdaq.com - February 16 at 10:16 PM
finance.yahoo.com logoConsolidated Communications Secures Commitments for Acquisition Debt Financing
finance.yahoo.com - December 21 at 6:10 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of FairPoint Communications, Inc. And Encourages Shareholders To Contact The Firm For Additional Information
finance.yahoo.com - December 17 at 3:58 AM
businesswire.com logoINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of FairPoint Communications, Inc. to Consolidated Communications Holdings, Inc. is ...
www.businesswire.com - December 15 at 10:53 PM
moodys.com logoConsolidated Communications, Inc. -- Moody's assigns Ba3 rating to Consolidated Communications' term loan
www.moodys.com - December 15 at 5:50 PM

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Chart

FairPoint Communications (FRP) Chart for Tuesday, June, 27, 2017

This page was last updated on 6/27/2017 by MarketBeat.com Staff