Frontier Communications Corp Company Profile (NASDAQ:FTR)

About Frontier Communications Corp (FTR)

Frontier Communications Corp logoFrontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE). The Company offers a range of broadband services. The principal residential service it provides is broadband Internet service. Its commercial services include Ethernet, Dedicated Internet, Multiprotocol Label Switching (MPLS), Time Division Multiplexing (TDM) data transport services and optical transport services. It also offers wireless broadband services (using unlicensed spectrum) in various markets utilizing networks that it owns or operates. In addition, the Company offers its Frontier Secure suite of products, including computer security, cloud backup and sharing, identity protection and equipment insurance.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Telecom Services - Domestic
  • Sub-Industry: Integrated Telecommunication Services
  • Exchange: NASDAQ
  • Symbol: FTR
  • CUSIP: 35906A10
Key Metrics:
  • Previous Close: $1.91
  • 50 Day Moving Average: $2.13
  • 200 Day Moving Average: $3.15
  • 52-Week Range: $1.84 - $5.66
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -31.83
  • P/E Growth: -1.46
  • Market Cap: $2.24B
  • Outstanding Shares: 1,172,525,000
  • Beta: 0.79
Profitability:
  • Net Margins: -5.01%
  • Return on Equity: 2.05%
  • Return on Assets: 0.38%
Debt:
  • Debt-to-Equity Ratio: 3.66%
  • Current Ratio: 0.68%
  • Quick Ratio: 0.68%

Analyst Ratings

Consensus Ratings for Frontier Communications Corp (NASDAQ:FTR) (?)
Ratings Breakdown: 2 Sell Ratings, 8 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.08)
Consensus Price Target: $3.71 (94.48% upside)

Analysts' Ratings History for Frontier Communications Corp (NASDAQ:FTR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/13/2017MacquarieReiterated RatingHold$2.65HighView Rating Details
3/30/2017Morgan StanleyBoost Price TargetEqual Weight$2.30 -> $4.20LowView Rating Details
3/22/2017Goldman Sachs Group IncDowngradeNeutral -> Sell$1.50HighView Rating Details
3/20/2017Citigroup IncLower Price TargetSell$2.25 -> $1.75MediumView Rating Details
3/7/2017Bank of America CorpDowngradeBuy -> Neutral$2.50N/AView Rating Details
2/28/2017Royal Bank of CanadaReiterated RatingHold$3.50N/AView Rating Details
2/28/2017Jefferies Group LLCLower Price TargetBuy$5.00 -> $4.00N/AView Rating Details
2/28/2017JPMorgan Chase & Co.DowngradeOverweight -> Neutral$2.96 -> $2.51N/AView Rating Details
11/8/2016GabelliReiterated RatingBuyN/AView Rating Details
11/3/2016Hilliard LyonsReiterated RatingNeutralN/AView Rating Details
11/2/2016Deutsche Bank AGDowngradeBuy -> Hold$5.00 -> $4.00N/AView Rating Details
11/2/2016Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
8/2/2016Raymond James Financial, Inc.Lower Price TargetOutperform$6.00 -> $5.50N/AView Rating Details
4/9/2016Cowen and CompanyReiterated RatingBuyN/AView Rating Details
12/2/2015StephensReiterated RatingBuyN/AView Rating Details
10/12/2015Sandler O'NeillDowngradeBuy -> HoldN/AView Rating Details
9/15/2015Sanford C. BernsteinBoost Price TargetOutperform$6.00 -> $6.25N/AView Rating Details
9/9/2015Beaufort SecuritiesReiterated RatingSpeculative BuyN/AView Rating Details
6/3/2015DA DavidsonUpgradeNeutral -> Buy$7.00 -> $6.50N/AView Rating Details
(Data available from 4/28/2015 forward)

Earnings

Earnings History for Frontier Communications Corp (NASDAQ:FTR)
Earnings by Quarter for Frontier Communications Corp (NASDAQ:FTR)
Earnings History by Quarter for Frontier Communications Corp (NASDAQ:FTR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/27/2017Q416($0.05)($0.04)$2.50 billion$2.41 billionViewListenView Earnings Details
11/1/2016Q316($0.04)($0.04)$2.57 billion$2.52 billionViewListenView Earnings Details
8/1/2016Q216($0.03)($0.02)$2.75 billion$2.61 billionViewListenView Earnings Details
5/3/2016Q116($0.10)$0.01$1.35 billion$1.36 billionViewListenView Earnings Details
2/23/2016Q415($0.03)$0.05$1.42 billion$1.41 billionViewListenView Earnings Details
11/3/2015Q315($0.01)$0.03$1.43 billion$1.42 billionViewListenView Earnings Details
8/3/2015Q215$0.02$0.03$1.37 billion$1.37 billionViewListenView Earnings Details
5/5/2015Q115$0.04$0.02$1.39 billion$1.37 billionViewListenView Earnings Details
2/19/2015Q414$0.05$0.04$1.37 billion$1.33 billionViewListenView Earnings Details
11/3/2014Q314$0.04$0.05$1.14 billion$1.14 billionViewN/AView Earnings Details
8/5/2014Q214$0.05$0.05$1.15 billion$1.15 billionViewN/AView Earnings Details
5/6/2014Q114$0.06$0.05$1.17 billion$1.15 billionViewN/AView Earnings Details
2/24/2014Q413$0.06$0.07$1.18 billion$1.18 billionViewN/AView Earnings Details
11/5/2013Q313$0.06$0.06$1.19 billion$1.19 billionViewN/AView Earnings Details
8/7/2013Q2 2013$0.06$0.06$1.19 billion$1.19 billionViewN/AView Earnings Details
5/6/2013Q1 2013$0.06$0.05$1.22 billion$1.21 billionViewN/AView Earnings Details
2/21/2013Q4 2012$0.06$0.06$1.24 billion$1.23 billionViewN/AView Earnings Details
11/6/2012Q312$0.07$0.07$1.24 billion$1.25 billionViewN/AView Earnings Details
7/31/2012$0.06$0.08ViewN/AView Earnings Details
5/7/2012$0.06$0.03ViewN/AView Earnings Details
2/16/2012$0.05$0.07ViewN/AView Earnings Details
11/3/2011$0.06$0.05ViewN/AView Earnings Details
8/3/2011$0.07$0.06ViewN/AView Earnings Details
5/5/2011$0.06$0.06ViewN/AView Earnings Details
2/23/2011$0.10$0.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Frontier Communications Corp (NASDAQ:FTR)
Current Year EPS Consensus Estimate: $-0.18 EPS
Next Year EPS Consensus Estimate: $-0.06 EPS

Dividends

Current Dividend Information for Frontier Communications Corp (NASDAQ:FTR)
Most Recent Dividend:3/31/2017
Annual Dividend:$0.42
Dividend Yield:21.99%
Payout Ratio:-77.78% (Trailing 12 Months of Earnings)
-233.33% (Based on This Year's Estimates)
-700.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Frontier Communications Corp (NASDAQ:FTR)

Dividend History by Quarter for Frontier Communications Corp (NASDAQ:FTR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/15/2017quarterly$0.1112.77%3/13/20173/15/20173/31/2017
11/1/2016quarterly$0.1112.39%12/13/201612/15/201612/30/2016
8/1/2016quarterly$0.118.66%9/13/20169/15/20169/30/2016
5/3/2016quarterly$0.118.05%6/13/20166/15/20166/30/2016
5/2/2016quarterly$0.116/15/20166/20/2016
2/16/2016quarterly$0.119.5%3/9/20163/11/20163/31/2016
11/2/2015quarterly$0.118.73%12/11/201512/15/201512/31/2015
7/29/2015quarterly$0.119.07%9/11/20159/15/20159/30/2015
5/5/2015quarterly$0.117.07%5/26/20155/28/20156/30/2015
2/19/2015quarterly$0.115.06%3/10/20153/12/20153/31/2015
10/28/2014quarterly$0.106.21%12/10/201412/12/201412/31/2014
7/30/2014quarterly$0.106.11%9/10/20149/12/20149/30/2014
5/6/2014quarterly$0.106.83%6/5/20146/9/20146/30/2014
2/18/2014quarterly$0.108.55%3/5/20143/7/20143/31/2014
10/31/2013quarterly$0.108.99%12/5/201312/9/201312/31/2013
7/31/2013quarterly$0.109.09%9/5/20139/9/20139/30/2013
5/6/2013quarterly$0.1010.08%6/5/20136/7/20136/28/2013
2/21/2013quarterly$0.109.78%3/6/20133/8/20133/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Frontier Communications Corp (NASDAQ:FTR)
Insider Ownership Percentage: 0.99%
Institutional Ownership Percentage: 67.26%
Insider Trades by Quarter for Frontier Communications Corp (NASDAQ:FTR)
Institutional Ownership by Quarter for Frontier Communications Corp (NASDAQ:FTR)
Insider Trades by Quarter for Frontier Communications Corp (NASDAQ:FTR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/12/2015Steve GableEVPBuy53,416$4.75$253,726.00View SEC Filing  
11/10/2015Edward FraioliDirectorBuy5,000$4.80$24,000.00View SEC Filing  
11/10/2015Kathleen Q. AbernathyEVPBuy46,391$4.85$224,996.35View SEC Filing  
9/10/2014Myron A Wick IIIDirectorSell30,000$6.36$190,800.00View SEC Filing  
9/8/2014Mark D NielsenSVPBuy15,000$6.71$100,650.00View SEC Filing  
6/11/2013Edward FraioliDirectorBuy2,600$4.10$10,660.00View SEC Filing  
6/5/2013Mark S ShapiroDirectorBuy75,000$3.99$299,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Frontier Communications Corp (NASDAQ:FTR)
Latest Headlines for Frontier Communications Corp (NASDAQ:FTR)
Source:
DateHeadline
finance.yahoo.com logoWhat Awaits Frontier Communications (FTR) in Q1 Earnings?
finance.yahoo.com - April 27 at 5:53 PM
americanbankingnews.com logoFrontier Communications Corp (FTR) Short Interest Update
www.americanbankingnews.com - April 27 at 7:02 AM
americanbankingnews.com logoSomewhat Favorable Press Coverage Very Likely to Affect Frontier Communications Corp (FTR) Stock Price
www.americanbankingnews.com - April 26 at 9:25 PM
seekingalpha.com logoFrontier Communications: Why A Dividend Cut Does Not Matter
seekingalpha.com - April 25 at 11:17 AM
americanbankingnews.com logoFrontier Communications Corp (FTR) Receiving Somewhat Favorable News Coverage, Study Finds
www.americanbankingnews.com - April 23 at 10:25 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Extremely Likely to Impact Frontier Communications Corp (FTR) Share Price
www.americanbankingnews.com - April 20 at 10:37 PM
fool.com logoBetter Buy: Frontier Communications Corporation vs. T-Mobile
www.fool.com - April 20 at 3:52 PM
247wallst.com logoRite Aid, Frontier Communications Slip into Wednesday’s 52-Week Low Club
247wallst.com - April 19 at 5:15 PM
seekingalpha.com logoFrontier: Debt Myths Debunked
seekingalpha.com - April 19 at 11:57 AM
seekingalpha.com logoFrontier Communications: Memories Of Valeant
seekingalpha.com - April 18 at 4:57 PM
seekingalpha.com logoFrontier Communications: Dividend Cut Is Imminent And Inevitable
seekingalpha.com - April 18 at 11:35 AM
americanbankingnews.com logoSomewhat Favorable Press Coverage Extremely Likely to Impact Frontier Communications Corp (FTR) Stock Price
www.americanbankingnews.com - April 17 at 11:27 PM
streetinsider.com logoFrontier Communications (FTR) Renews Distribution Agreement with EPIX
www.streetinsider.com - April 17 at 11:24 AM
finance.yahoo.com logoEPIX and Frontier Communications Renew Distribution Agreement
finance.yahoo.com - April 17 at 11:24 AM
finance.yahoo.com logo3 Top Telecommunications Stocks to Buy in 2017, and 1 to Avoid
finance.yahoo.com - April 17 at 11:24 AM
americanbankingnews.com logoFrontier Communications Corp (FTR) Earns Coverage Optimism Score of 0.22
www.americanbankingnews.com - April 14 at 9:09 PM
americanbankingnews.com logoFrontier Communications Corp (FTR) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - April 14 at 8:54 AM
americanbankingnews.com logoShort Interest in Frontier Communications Corp (FTR) Drops By 7.8%
www.americanbankingnews.com - April 14 at 7:22 AM
americanbankingnews.com logoFrontier Communications Corp (FTR) Rating Reiterated by Macquarie
www.americanbankingnews.com - April 13 at 9:44 AM
finance.yahoo.com logoFrontier Communications to Release First-Quarter 2017 Results and Host Call
finance.yahoo.com - April 11 at 5:07 PM
americanbankingnews.com logo-$0.04 EPS Expected for Frontier Communications Corp (FTR) This Quarter
www.americanbankingnews.com - April 10 at 10:24 PM
finance.yahoo.com logoFrontier Communications Expands Broadband to 8,100 Additional Wisconsin Households
finance.yahoo.com - April 10 at 5:04 PM
finance.yahoo.com logoDon't Be Fooled by Frontier Communications' 20% Dividend Yield
finance.yahoo.com - April 8 at 9:40 AM
finance.yahoo.com logoFrontier Communications Expands Broadband to 8,500 Additional Arizona and New Mexico Households
finance.yahoo.com - April 7 at 5:14 PM
finance.yahoo.com logoFrontier Communications Expands Broadband to 8,000 Additional Minnesota Households
finance.yahoo.com - April 7 at 5:14 PM
seekingalpha.com logoFrontier Communications: Shorts Are Coming
seekingalpha.com - April 7 at 9:53 AM
finance.yahoo.com logoHere's how the Cross Bay Ferry is performing, close to the end of pilot period
finance.yahoo.com - April 7 at 9:53 AM
americanbankingnews.com logoMorgan Stanley Increases Frontier Communications Corp (FTR) Price Target to $4.20
www.americanbankingnews.com - April 5 at 9:01 AM
investorplace.com logoTrade Frontier Communications Corp (FTR) Stock, Don’t Invest in It
investorplace.com - April 4 at 10:53 AM
finance.yahoo.com logoAEG Names Frontier Communications an Official Partner of the LA Kings and Founding Partner of StubHub Center
finance.yahoo.com - April 3 at 5:33 PM
americanbankingnews.com logoFrontier Communications Corp (FTR) Lifted to Strong-Buy at Vetr Inc.
www.americanbankingnews.com - April 1 at 9:37 PM
finance.yahoo.com logoFrontier Communications Expands Broadband to 8,800 Additional Indiana Households
finance.yahoo.com - March 31 at 5:24 PM
finance.yahoo.com logo12:52 pm Frontier Communications announces its broadband service available to an additional 8,800 households in Indiana
finance.yahoo.com - March 31 at 5:24 PM
finance.yahoo.com logoFrontier Communications Expands Broadband to 7,000 Additional Illinois Households
finance.yahoo.com - March 31 at 5:24 PM
finance.yahoo.com logoWhy Is Frontier Communications (FTR) Down 32.4% Since the Last Earnings Report?
finance.yahoo.com - March 30 at 5:45 PM
fool.com logoThe 2 Most Dangerous Types of Dividend Stocks
www.fool.com - March 30 at 5:45 PM
finance.yahoo.com logoFrontier Communications Expands Broadband to 25,000 Additional Texas Households
finance.yahoo.com - March 30 at 5:45 PM
americanbankingnews.com logoMorgan Stanley Reiterates "Equal Weight" Rating for Frontier Communications Corp (FTR)
www.americanbankingnews.com - March 30 at 5:40 PM
seekingalpha.com logoShould Frontier Communications Suspend Its Dividends?
seekingalpha.com - March 29 at 5:49 PM
blogs.barrons.com logoMorgan Stanley Says Frontier Shares May Rise After Dividend Cut
blogs.barrons.com - March 29 at 5:49 PM
thestreet.com logoFrontier Communications Could Slash Its Dividend By 60% and Still See Its Stock Pop
www.thestreet.com - March 29 at 5:49 PM
biz.yahoo.com logoFRONTIER COMMUNICATIONS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and
biz.yahoo.com - March 29 at 5:49 PM
finance.yahoo.com logoFrontier Communication Looks To Clean Balance Sheet, Centurylink Sets A New Low
finance.yahoo.com - March 29 at 11:18 AM
americanbankingnews.com logoVetr Inc. Downgrades Frontier Communications Corp (FTR) to Buy
www.americanbankingnews.com - March 29 at 9:56 AM
finance.yahoo.com logoCongress to vote on bill that rolls back internet privacy protection
finance.yahoo.com - March 28 at 4:58 PM
investopedia.com logoFrontier Communications Breaks Below 2012 Levels (FTR)
www.investopedia.com - March 27 at 5:00 PM
investopedia.com logoFrontier Communications Could See a Dead-cat Bounce
www.investopedia.com - March 27 at 5:00 PM
seekingalpha.com logoFrontier Communications Is Not Going To Zero - Here's Why
seekingalpha.com - March 27 at 11:35 AM
fool.com logoBetter Buy: AT&T Inc. vs. Frontier Communications Corp.
www.fool.com - March 27 at 11:35 AM
americanbankingnews.com logoFrontier Communications Corp (FTR) Lowered to Buy at Vetr Inc.
www.americanbankingnews.com - March 24 at 12:34 AM

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Frequently Asked Questions for Frontier Communications Corp (NASDAQ:FTR)

What is Frontier Communications Corp's stock symbol?

Frontier Communications Corp trades on the NASDAQ under the ticker symbol "FTR."

How often does Frontier Communications Corp pay dividends? What is the dividend yield for Frontier Communications Corp?

Frontier Communications Corp declared a quarterly dividend on Wednesday, February 15th. Investors of record on Wednesday, March 15th will be given a dividend of $0.105 per share on Friday, March 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 21.99%. The ex-dividend date is Monday, March 13th.

How were Frontier Communications Corp's earnings last quarter?

Frontier Communications Corp (NASDAQ:FTR) announced its quarterly earnings data on Monday, February, 27th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.05) by $0.01. The business earned $2.41 billion during the quarter, compared to analysts' expectations of $2.50 billion. Frontier Communications Corp had a positive return on equity of 2.05% and a negative net margin of 5.01%. The firm's revenue was up 70.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 EPS.

When will Frontier Communications Corp make its next earnings announcement?

Frontier Communications Corp is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

Where is Frontier Communications Corp's stock going? Where will Frontier Communications Corp's stock price be in 2017?

13 analysts have issued 12 month price targets for Frontier Communications Corp's stock. Their predictions range from $1.50 to $8.75. On average, they expect Frontier Communications Corp's share price to reach $3.71 in the next year.

What are analysts saying about Frontier Communications Corp stock?

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

  • 1. Macquarie analysts commented, "We think both are important to instill confidence in investors on the sustainability of the model. Our target goes to US$2.65 from US$3.40 based on 5.5x our ‘18E EBITDA, assuming a 50% cut to the dividend and implying an 8% yield." (4/13/2017)
  • 2. According to Zacks Investment Research, "We are impressed with Frontier Communications’ focus to rake in more profits through customer retention, market share gain, new product introductions, broadband expansion and improved sales and marketing initiatives. The company is trying to derive benefits from the growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well. Howover, the company continues to face numerous problems. Reports about outages, bad telephone service and problems with billing have sprouted. The company continues to suffer from the loss of legacy fixed telephony business to wireless and decline in access lines and wireless backhaul revenues due to customer migration to Ethernet solutions at lower price points. Over the past three months, the stock lost 30.95% while  the Zacks-categorized 'Wireless–Regional (Rural)’ industry declined 21.08%." (3/15/2017)
  • 3. Jefferies Group LLC analysts commented, "lumpy."Goldman comments, "Results disappointed as an on-going account clean-up contributed to steeper revenue declines and an EBITDA shortfall. We expected FTR to soften the implied EBITDA outlook, though not to this magnitude (~5% at midpoint), particularly in light of solid cost cutting. Amended bank terms ensured no covenant violations, though the leverage story worsened. Despite the print, we see light beyond a lumpy 1Q with improving trends and dividend support." (2/28/2017)

Are investors shorting Frontier Communications Corp?

Frontier Communications Corp saw a increase in short interest in the month of April. As of April 13th, there was short interest totalling 257,295,329 shares, an increase of 2.1% from the March 31st total of 252,083,545 shares. Based on an average daily trading volume, of 36,386,818 shares, the days-to-cover ratio is currently 7.1 days. Currently, 22.1% of the company's shares are short sold.

Who owns Frontier Communications Corp stock?

Frontier Communications Corp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Hexavest Inc. (0.71%), Strs Ohio (0.36%), Bank of Montreal Can (0.32%), Duff & Phelps Investment Management Co. (0.25%), Nationwide Fund Advisors (0.18%) and Retirement Systems of Alabama (0.13%). Company insiders that own Frontier Communications Corp stock include Edward Fraioli, Kathleen Q Abernathy and Steve Gable.

Who sold Frontier Communications Corp stock? Who is selling Frontier Communications Corp stock?

Frontier Communications Corp's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Nisa Investment Advisors LLC, Capstone Asset Management Co., Gateway Investment Advisers LLC, Janney Montgomery Scott LLC, WealthTrust Axiom LLC, Argyle Capital Management Inc. and Rothschild Investment Corp IL.

Who bought Frontier Communications Corp stock? Who is buying Frontier Communications Corp stock?

Frontier Communications Corp's stock was purchased by a variety of institutional investors in the last quarter, including Nationwide Fund Advisors, Retirement Systems of Alabama, Bank of Montreal Can, Strs Ohio, ProShare Advisors LLC, Hexavest Inc., Louisiana State Employees Retirement System and Personal Capital Advisors Corp. Company insiders that have bought Frontier Communications Corp stock in the last two years include Edward Fraioli, Kathleen Q Abernathy and Steve Gable.

How do I buy Frontier Communications Corp stock?

Shares of Frontier Communications Corp 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 Frontier Communications Corp stock cost?

One share of Frontier Communications Corp stock can currently be purchased for approximately $1.91.

Frontier Communications Corp (FTR) Chart for Friday, April, 28, 2017

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