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About Frontier Communications (NASDAQ:FTR)
Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper based networks to consumer customers. The company also provides broadband, Ethernet, traditional circuit-based, and voice services; and software defined wide area network, multiprotocol label switching, and time division multiplexing data transport and optical transport services to small, medium, and large enterprises, as well as advanced hardware and network solutions and services, and customer premise equipment. In addition, it offers 24/7 technical support; wireless broadband services in selected markets; satellite TV video services; voice services, including data-based VoIP, and long distance and voice messaging services; and a package of communications services. Further, the company provides a range of access services that allow other carriers to use facilities to originate and terminate their local and long distance voice traffic. As of December 31, 2017, it served approximately 4.9 million customers and 3.9 million broadband subscribers in 29 states. The company was formerly known as Citizens Communications Company and changed its name to Frontier Communications Corporation in July 2008. Frontier Communications Corporation was founded in 1927 and is based in Norwalk, Connecticut.
Industry, Sector and Symbol
Industry Telephone communication, except radio
Sub-IndustryIntegrated Telecommunication Services
SectorUtilities
SymbolNASDAQ:FTR
CUSIP35906A10
Phone203-614-5600
Debt
Debt-to-Equity Ratio6.87
Current Ratio0.45
Quick Ratio0.45
Price-To-Earnings
Trailing P/E Ratio-2.01
Forward P/E Ratio-3.65
P/E GrowthN/A
Sales & Book Value
Annual Sales$9.13 billion
Price / Sales0.07
Cash Flow$58.6923 per share
Price / Cash0.13
Book Value$28.98 per share
Price / Book0.26
Profitability
EPS (Most Recent Fiscal Year)($3.79)
Net Income$-1,804,000,000.00
Net Margins-19.05%
Return on Equity-3.06%
Return on Assets-0.34%
Miscellaneous
Employees22,700
Outstanding Shares80,140,000
Frontier Communications (NASDAQ:FTR) Frequently Asked Questions
What is Frontier Communications' stock symbol?
Frontier Communications trades on the NASDAQ under the ticker symbol "FTR."
How often does Frontier Communications pay dividends? What is the dividend yield for Frontier Communications?
Frontier Communications declared a quarterly dividend on Tuesday, October 31st. Investors of record on Friday, December 15th will be paid a dividend of $0.60 per share on Friday, December 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 31.45%. The ex-dividend date is Thursday, December 14th. View Frontier Communications' Dividend History.
How were Frontier Communications' earnings last quarter?
Frontier Communications Corp (NASDAQ:FTR) announced its earnings results on Tuesday, May, 1st. The utilities provider reported ($0.58) EPS for the quarter, beating the Zacks' consensus estimate of ($0.83) by $0.25. The utilities provider earned $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. Frontier Communications had a negative return on equity of 3.06% and a negative net margin of 19.05%. The business's quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) EPS. View Frontier Communications' Earnings History.
When is Frontier Communications' next earnings date?
What price target have analysts set for FTR?
14 brokerages have issued 1-year price targets for Frontier Communications' stock. Their predictions range from $4.00 to $25.00. On average, they expect Frontier Communications' share price to reach $11.0625 in the next year. View Analyst Ratings for Frontier Communications.
Are investors shorting Frontier Communications?
Frontier Communications saw a increase in short interest in May. As of May 31st, there was short interest totalling 31,591,629 shares, an increase of 3.9% from the May 15th total of 30,403,073 shares. Based on an average daily trading volume, of 3,448,045 shares, the days-to-cover ratio is presently 9.2 days. Currently, 40.5% of the shares of the stock are sold short.
Who are some of Frontier Communications' key competitors?
Some companies that are related to Frontier Communications include TalkTalk Telecom Group (TKTCY), GTT Communications (GTT), Shenandoah Telecommunications (SHEN), SmarTone (STTFY), CHORUS Ltd/S (CHRYY), Liberty Braves Group Series C (BATRK), Spirent Communications (SPMYY), Consolidated Communications (CNSL), ATN International (ATNI), Cincinnati Bell (CBB), Atento (ATTO), pdvWireless (PDVW), Loop Industries (LOOP), Hong Kong Television Network (HKTVY) and Fusion Telecommunications International (FSNN).
Who are Frontier Communications' key executives?
Frontier Communications' management team includes the folowing people:
- Mr. Daniel J. McCarthy, Pres, CEO & Director (Age 54)
- Mr. Ralph Perley McBride, Exec. VP & CFO (Age 52)
- Mr. Steve Gable, Exec. VP & Chief Technology Officer (Age 44)
- Mr. Kenneth A. Arndt, Exec. VP of Commercial Sales Operations (Age 53)
- Mr. John J. Lass, Exec. VP of Customer Operations (Age 61)
Has Frontier Communications been receiving favorable news coverage?
News stories about FTR stock have been trending somewhat positive on Sunday, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frontier Communications earned a coverage optimism score of 0.13 on Accern's scale. They also gave media coverage about the utilities provider an impact score of 45.80 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Frontier Communications' major shareholders?
Frontier Communications' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.73%), Dimensional Fund Advisors LP (1.55%), Schwab Charles Investment Management Inc. (1.42%), Northern Trust Corp (1.29%), Federated Investors Inc. PA (1.11%) and OppenheimerFunds Inc. (0.91%). Company insiders that own Frontier Communications stock include John Lass, Kenneth Arndt and Steve Gable. View Institutional Ownership Trends for Frontier Communications.
Which major investors are selling Frontier Communications stock?
FTR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., BNP Paribas Arbitrage SA, Highbridge Capital Management LLC, OppenheimerFunds Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Aperio Group LLC, Guggenheim Capital LLC and American International Group Inc.. View Insider Buying and Selling for Frontier Communications.
Which major investors are buying Frontier Communications stock?
FTR stock was bought by a variety of institutional investors in the last quarter, including Susquehanna Fundamental Investments LLC, Schwab Charles Investment Management Inc., UBS Group AG, Tibra Equities Europe Ltd, Bluefin Trading LLC, Cambridge Investment Research Advisors Inc., Wells Fargo & Company MN and Federated Investors Inc. PA. Company insiders that have bought Frontier Communications stock in the last two years include John Lass, Kenneth Arndt and Steve Gable. View Insider Buying and Selling for Frontier Communications.
How do I buy shares of Frontier Communications?
Shares of FTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Frontier Communications' stock price today?
One share of FTR stock can currently be purchased for approximately $7.63.
How big of a company is Frontier Communications?
Frontier Communications has a market capitalization of $611.45 million and generates $9.13 billion in revenue each year. The utilities provider earns $-1,804,000,000.00 in net income (profit) each year or ($3.79) on an earnings per share basis. Frontier Communications employs 22,700 workers across the globe.
How can I contact Frontier Communications?
Frontier Communications' mailing address is 401 Merritt 7, Norwalk CT, 06581. The utilities provider can be reached via phone at 203-614-5600 or via email at [email protected]
MarketBeat Community Rating for Frontier Communications (FTR)
MarketBeat's community ratings are surveys of what our community members think about Frontier Communications and other stocks. Vote "Outperform" if you believe FTR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FTR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Frontier Communications (NASDAQ:FTR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
14 Wall Street analysts have issued ratings and price targets for Frontier Communications in the last 12 months. Their average twelve-month price target is $11.0625, suggesting that the stock has a possible upside of 44.99%. The high price target for FTR is $25.00 and the low price target for FTR is $4.00. There are currently 6 sell ratings and 8 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.57 | 1.57 | 1.63 | 1.73 |
| Ratings Breakdown: | 6 Sell Rating(s)
8 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 6 Sell Rating(s)
8 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 6 Sell Rating(s)
10 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 5 Sell Rating(s)
9 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $11.0625 | $11.0625 | $8.9214 | $9.6077 |
| Price Target Upside: | 44.99% upside | 13.11% upside | 23.05% upside | 10.56% upside |
Frontier Communications (NASDAQ:FTR) Consensus Price Target History
Frontier Communications (NASDAQ:FTR) Analyst Ratings History
Show:
(Data available from 6/17/2016 forward)
Frontier Communications (NASDAQ:FTR) Dividend Information
Frontier Communications pays an annual dividend of $1.20 per share, with a dividend yield of 15.73%. FTR's most recent quarterly dividend payment was Friday, December 29. Frontier Communications pays out -31.66% of its earnings out as a dividend.
| Most Recent Dividend: | 12/29/2017 |
| Annual Dividend: | $1.20 |
| Dividend Yield: | 15.73% |
| Payout Ratio(s): | -31.66% (Trailing 12 Months of Earnings)
-57.42% (Based on This Year's Estimates)
-210.53% (Based on Next Year's Estimates)
2.04% (Based on Cash Flow)
|
Frontier Communications (NASDAQ:FTR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 10/31/2017 | quarterly | $0.60 | 27.09% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 7/26/2017 | quarterly | $0.60 | 15.41% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 5/2/2017 | quarterly | $0.04 | 9.94% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 2/15/2017 | quarterly | $0.1050 | 12.77% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 11/1/2016 | quarterly | $0.1050 | 12.39% | 12/13/2016 | 12/15/2016 | 12/30/2016 |
| 8/1/2016 | quarterly | $0.1050 | 8.66% | 9/13/2016 | 9/15/2016 | 9/30/2016 |
| 5/3/2016 | quarterly | $0.1050 | 8.05% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 5/2/2016 | quarterly | $0.1050 | | | 6/15/2016 | 6/20/2016 |
| 2/16/2016 | quarterly | $0.1050 | 9.5% | 3/9/2016 | 3/11/2016 | 3/31/2016 |
| 11/2/2015 | quarterly | $0.1050 | 8.73% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 7/29/2015 | quarterly | $0.1050 | 9.07% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 5/5/2015 | quarterly | $0.1050 | 7.07% | 5/26/2015 | 5/28/2015 | 6/30/2015 |
| 2/19/2015 | quarterly | $0.1050 | 5.06% | 3/10/2015 | 3/12/2015 | 3/31/2015 |
| 10/28/2014 | quarterly | $0.10 | 6.21% | 12/10/2014 | 12/12/2014 | 12/31/2014 |
| 7/30/2014 | quarterly | $0.10 | 6.11% | 9/10/2014 | 9/12/2014 | 9/30/2014 |
| 5/6/2014 | quarterly | $0.10 | 6.83% | 6/5/2014 | 6/9/2014 | 6/30/2014 |
| 2/18/2014 | quarterly | $0.10 | 8.55% | 3/5/2014 | 3/7/2014 | 3/31/2014 |
| 10/31/2013 | quarterly | $0.10 | 8.99% | 12/5/2013 | 12/9/2013 | 12/31/2013 |
| 7/31/2013 | quarterly | $0.10 | 9.09% | 9/5/2013 | 9/9/2013 | 9/30/2013 |
| 5/6/2013 | quarterly | $0.10 | 10.08% | 6/5/2013 | 6/7/2013 | 6/28/2013 |
| 2/21/2013 | quarterly | $0.10 | 9.78% | 3/6/2013 | 3/8/2013 | 3/29/2013 |
(Data available from 1/1/2013 forward)
Frontier Communications (NASDAQ FTR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.30%
Institutional Ownership Percentage: 65.65%
Frontier Communications (NASDAQ FTR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/25/2017 | Kenneth Arndt | EVP | Buy | 13,000 | $1.38 | $17,940.00 | 498,235 |  |
| 5/16/2017 | John Lass | EVP | Buy | 8,000 | $1.35 | $10,800.00 | 628,042 | |
| 5/15/2017 | Steve Gable | EVP | Buy | 10,000 | $1.30 | $13,000.00 | 439,945 | |
| 5/8/2017 | Steve Gable | EVP | Buy | 7,300 | $1.53 | $11,169.00 | 427,645 | |
| 11/12/2015 | Steve Gable | EVP | Buy | 53,416 | $4.75 | $253,726.00 | 112,567 | |
| 11/10/2015 | Edward Fraioli | Director | Buy | 5,000 | $4.80 | $24,000.00 | 20,000 | |
| 11/10/2015 | Kathleen Q. Abernathy | EVP | Buy | 46,391 | $4.85 | $224,996.35 | 602,502 | |
| 9/10/2014 | Myron A Wick III | Director | Sell | 30,000 | $6.36 | $190,800.00 | | |
| 9/8/2014 | Mark D Nielsen | SVP | Buy | 15,000 | $6.71 | $100,650.00 | | |
| 6/11/2013 | Edward Fraioli | Director | Buy | 2,600 | $4.10 | $10,660.00 | | |
| 6/5/2013 | Mark S Shapiro | Director | Buy | 75,000 | $3.99 | $299,250.00 | | |
(Data available from 1/1/2013 forward)
Frontier Communications (NASDAQ FTR) News Headlines
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Frontier Communications (NASDAQ:FTR) SEC Filings
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Frontier Communications (NASDAQ:FTR) Income Statement, Balance Sheet and Cash Flow Statement
Frontier Communications (NASDAQ FTR) Stock Chart for Sunday, June, 17, 2018
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