FairPoint Communications Company Profile (NASDAQ:FRP)

About FairPoint Communications (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: Diversified Telecommunication Services
  • Sub-Industry: Integrated Telecommunication Services
  • Exchange: NASDAQ
  • Symbol: FRP
  • CUSIP: 30556030
Key Metrics:
  • Previous Close: $17.30
  • 50 Day Moving Average: $16.94
  • 200 Day Moving Average: $17.28
  • 52-Week Range: $12.81 - $19.60
  • Trailing P/E Ratio: 4.51
  • Foreward P/E Ratio: -11.69
  • P/E Growth: 10.97
  • Market Cap: $464.99M
  • Outstanding Shares: 26,878,000
  • Beta: 0.32
Profitability:
  • Net Margins: 15.70%
  • Return on Equity: -627.47%
  • Return on Assets: 10.15%
Debt:
  • Debt-to-Equity Ratio: -21.98%
  • Current Ratio: 1.10%
  • Quick Ratio: 1.10%

Analyst Ratings

Consensus Ratings for FairPoint Communications (NASDAQ:FRP) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $16.00 (7.51% downside)

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 4/28/2015 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
5/2/2017        
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: $-1.60 EPS
Next Year EPS Consensus Estimate: $-1.48 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: 92.22%
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
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
finance.yahoo.com logoINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of FairPoint Communications, Inc. to Consolidated Communications Holdings, Inc. is Fair to Shareholders
finance.yahoo.com - December 15 at 5:50 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of FairPoint Communications, Inc. And Encourages Investors To Contact The Firm For Additional Information
finance.yahoo.com - December 13 at 10:54 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Into Whether the Sale of FairPoint …
finance.yahoo.com - December 13 at 5:52 PM
wsj.com logo[$$] Illinois Company to Seek Regulatory OK in FairPoint Merger
www.wsj.com - December 12 at 5:28 PM
businesswire.com logoINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation into Whether the Sale of Fairpoint Communications, Inc. to Consolidated Communications Holdings, Inc. is Fair ...
www.businesswire.com - December 10 at 5:02 PM
finance.yahoo.com logoFAIRPOINT SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Fairpoint Communications, …
finance.yahoo.com - December 10 at 5:02 PM
finance.yahoo.com logoINVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation into Whether the Sale of Fairpoint Communications, Inc. to Consolidated Communications Holdings, Inc. is Fair to Shareholders
finance.yahoo.com - December 9 at 5:33 PM
finance.yahoo.com logoFAIRPOINT SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Fairpoint Communications, Inc. (FRP) Over the Proposed Sale of the Company to Consolidated Communications Holdings, Inc.
finance.yahoo.com - December 9 at 5:33 PM
streetinsider.com logoS&P Places FairPoint Communications (FRP) on CreditWatch Positive Amid Merger Agreement
www.streetinsider.com - December 6 at 10:29 PM
rttnews.com logoFairpoint Communications Inc. (FRP) Jumped To A New High After Merger
www.rttnews.com - December 6 at 10:29 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of FairPoint Communications, Inc. to Consolidated Communications Holdings, Inc. is Fair to Shareholders - FRP
finance.yahoo.com - December 6 at 5:28 PM
us.rd.yahoo.com logoFAIRPOINT COMMUNICATIONS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
us.rd.yahoo.com - December 6 at 10:57 AM
us.rd.yahoo.com logoFairPoint Communications, Inc. -- Moody's says Consolidated's planned acquisition of FairPoint does not impact the ratings of either company
us.rd.yahoo.com - December 6 at 10:57 AM
us.rd.yahoo.com logoFairPoint Communications Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Consolidated Communications Holdings Inc.
us.rd.yahoo.com - December 6 at 10:57 AM
sg.finance.yahoo.com logoUnions cautiously optimistic over possible FairPoint sale
us.rd.yahoo.com - December 6 at 10:57 AM
biz.yahoo.com logoFAIRPOINT COMMUNICATIONS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and
us.rd.yahoo.com - December 6 at 10:57 AM
finance.yahoo.com logoRyan & Maniskas, LLP Announces Investigation of FairPoint Communications, Inc.
finance.yahoo.com - December 6 at 10:57 AM
streetinsider.com logoConsolidated Communications (CNSL) to Acquire FairPoint Communications (FRP) in $1.5B Deal
www.streetinsider.com - December 5 at 5:54 PM
finance.yahoo.com logoFairPoint (FRP) Alert: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and …
finance.yahoo.com - December 5 at 5:54 PM
prnewswire.com logoHarwood Feffer LLP Announces Investigation of FairPoint Communications, Inc.
www.prnewswire.com - December 5 at 5:54 PM

Social

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 Monday, March, 6th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.41. The firm earned $203.93 million during the quarter, compared to analyst estimates of $200.33 million. FairPoint Communications had a net margin of 15.70% and a negative return on equity of 627.47%.

When will FairPoint Communications make its next earnings announcement?

FairPoint Communications is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.

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

2 brokerages have issued 12-month price objectives for FairPoint Communications' shares. Their predictions range from $15.00 to $17.00. On average, they anticipate FairPoint Communications' stock price to reach $16.00 in the next year.

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. " (3/9/2017)
  • 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)

Who owns FairPoint Communications stock?

FairPoint Communications' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Acadian Asset Management LLC (0.17%), Virtu Financial LLC (0.16%), Strs Ohio (0.15%), Nationwide Fund Advisors (0.04%) and Russell Investments Group Ltd. (0.04%).

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 Russell Investments Group Ltd., Acadian Asset Management LLC and Nationwide Fund Advisors.

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 Virtu Financial LLC and Strs Ohio.

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.

How much does a share of FairPoint Communications stock cost?

One share of FairPoint Communications stock can currently be purchased for approximately $17.30.

FairPoint Communications (FRP) Chart for Friday, April, 28, 2017

This page was last updated on 4/28/2017 by MarketBeat.com Staff