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. Investors 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 yield of 17.70%. The ex-dividend date 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 earnings results on Tuesday, August, 1st. The company reported ($1.10) earnings per share for the quarter, missing analysts' consensus estimates of ($1.07) by $0.03. The firm had revenue of $2.30 billion for 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%. Frontier Communications Corporation's revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($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, November, 7th 2017. View Earnings Estimates for Frontier Communications Corporation.

13 equities research analysts have issued twelve-month price objectives for Frontier Communications Corporation's stock. Their forecasts range from $1.50 to $25.00. On average, they anticipate Frontier Communications Corporation's stock price to reach $6.01 in the next twelve months. 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, "We are impressed with the company's 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 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 have sprouted. Over the past three months, the stock price moved down 49.22% whereas the Zacks Wireline–Regional (Rural) industry declined 27.63%." (7/17/2017)
• 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 decline in short interest in July. As of July 31st, there was short interest totalling 23,597,601 shares, a decline of 6.9% from the July 14th total of 25,354,210 shares. Based on an average daily trading volume, of 2,448,257 shares, the short-interest ratio is currently 9.6 days. Approximately 30.3% of the shares of the company are sold short.

Some companies that are related to Frontier Communications Corporation include Talktalk Telecom Group PLC (TALK), 8x8 (EGHT), ATN International (ATNI), Telecom plus PLC (TEP), Cincinnati Bell (CBB), KCOM Group PLC (KCOM), Manx Telecom PLC (MANX), Maintel Holdings plc (MAI), Black Box Corporation (BBOX), ARC Group Worldwide (ARCW), 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (150.14%), State Street Corp (63.14%), First Trust Advisors LP (54.42%), Bank of New York Mellon Corp (32.64%), CI Investments Inc. (31.77%) and Dimensional Fund Advisors LP (29.56%). 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 Dimensional Fund Advisors LP, Teacher Retirement System of Texas, Bank of Montreal Can, Parametric Portfolio Associates LLC, Swiss National Bank, UBS Asset Management Americas Inc., Sentinel Trust Co. LBA and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Frontier Communications Corporation.

Frontier Communications Corporation's stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Gotham Asset Management LLC, Vanguard Group Inc., Coatue Management LLC, Quantitative Investment Management LLC, State Street Corp, Northern Trust Corp and Crow Point Partners LLC. 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 $13.56.