Frontier Communications Corporation Company Profile (NASDAQ:FTR)

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

Frontier Communications Corporation announced a quarterly dividend on Wednesday, July 26th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.60 per share on Friday, September 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 20.74%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Frontier Communications Corporation's previous quarterly dividend of $0.04. View Frontier Communications Corporation's Dividend History.

Frontier Communications Corporation (NASDAQ:FTR) issued its quarterly earnings results on Tuesday, August, 1st. The company reported ($1.10) earnings per share for the quarter, missing the Zacks' consensus estimate of ($1.07) by $0.03. The business earned $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The company's revenue was down 11.7% on a year-over-year basis. During the same period last year, the company earned ($0.29) earnings per share. View Frontier Communications Corporation's Earnings History.

Frontier Communications Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Frontier Communications Corporation.

13 brokerages have issued 12-month price targets for Frontier Communications Corporation's shares. Their predictions range from $1.50 to $25.00. On average, they anticipate Frontier Communications Corporation's share price to reach $9.69 in the next year. View Analyst Ratings for Frontier Communications Corporation.

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

• 1. According to Zacks Investment Research, "Over the past three months, share price of Frontier Communications declined 31.2% as against the industry’s loss of 11.1%. Moreover, 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. Reports about outages, bad telephone service and problems with billing raises concern. Despite such headwinds, 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 working on its growing Business Service Segment. Meanwhile, foraying into North Carolina through the rollout of ‘Vantage TV’ IPTV and broadband services also bode well." (10/3/2017)
• 2. 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)
• 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)

Frontier Communications Corporation saw a increase in short interest in September. As of September 29th, there was short interest totalling 26,761,340 shares, an increase of 3.3% from the September 15th total of 27,666,135 shares. Based on an average trading volume of 2,435,306 shares, the short-interest ratio is currently 11.0 days. Currently, 34.3% of the company's shares are sold short.

Some companies that are related to Frontier Communications Corporation include 8x8 (EGHT), ATN International (ATNI), Cincinnati Bell (CBB), KCOM Group PLC (KCOM), IDT Corporation (IDT), Manx Telecom PLC (MANX), Maintel Holdings plc (MAI), Black Box Corporation (BBOX), Satellite Solutions Worldwide Group PLC (SAT), BT Group plc (BT.A), Cable and Wireless Communications Plc (CWC), Colt Group SA (COLT), FairPoint Communications (FRP), Inteliquent (IQNT), Neustar (NSR), NTS (NTS) and Oi SA (OIBR).

Frontier Communications Corporation's management team includes the folowing people:

• Daniel J. McCarthy, President, Chief Executive Officer, Director
• R. Perley McBride, Chief Financial Officer, Executive Vice President
• Steve Gable, Executive Vice President, Chief Technology Officer
• John D. Maduri, Executive Vice President - Consumer Sales, Marketing & Product
• Kenneth A. Arndt, Executive Vice President - Commercial Sales Operations
• John J. Lass, Executive Vice President - Customer Operations
• Mark D. Nielsen, Executive Vice President, Chief Legal Officer
• Tim Travaille, Executive Vice President - Operational Transformation
• Kathleen Asser Weslock, Executive Vice President and Chief People Officer
• Donald W. Daniels Jr., Senior Vice President, Controller

Frontier Communications Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Shell Asset Management Co. (0.20%), Crow Point Partners LLC (0.17%), Mutual of America Capital Management LLC (0.08%), State Treasurer State of Michigan (0.04%) and Meeder Asset Management Inc. (0.02%). Company insiders that own Frontier Communications Corporation stock include Edward Fraioli, John Lass, Kathleen Q Abernathy, Kenneth Arndt and Steve Gable. View Institutional Ownership Trends for Frontier Communications Corporation.

Frontier Communications Corporation's stock was sold by a variety of institutional investors in the last quarter, including Crow Point Partners LLC, Mutual of America Capital Management LLC, State Treasurer State of Michigan and Meeder Asset Management Inc.. View Insider Buying and Selling for Frontier Communications Corporation.

Frontier Communications Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. Company insiders that have bought Frontier Communications Corporation stock in the last two years include Edward Fraioli, John Lass, Kathleen Q Abernathy, Kenneth Arndt and Steve Gable. View Insider Buying and Selling for Frontier Communications Corporation.

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

One share of Frontier Communications Corporation stock can currently be purchased for approximately $11.57.