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 Tuesday, May 2nd. Stockholders of record on Thursday, June 15th will be given a dividend of $0.04 per share on Friday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 14.04%. The ex-dividend date is Tuesday, June 13th. View Frontier Communications Corporation's Dividend History.

Frontier Communications Corporation (NASDAQ:FTR) posted its earnings results on Tuesday, May, 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.03. The company earned $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. Frontier Communications Corporation had a positive return on equity of 0.19% and a negative net margin of 2.65%. View Frontier Communications Corporation's Earnings History.

15 equities research analysts have issued 12-month price objectives for Frontier Communications Corporation's stock. Their predictions range from $1.50 to $8.75. On average, they expect Frontier Communications Corporation's stock price to reach $3.18 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. 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)

Frontier Communications Corporation saw a increase in short interest in the month of June. As of June 15th, there was short interest totalling 295,938,261 shares, an increase of 6.2% from the May 31st total of 278,726,881 shares. Based on an average trading volume of 27,330,316 shares, the days-to-cover ratio is presently 10.8 days. Currently, 25.4% of the company's shares are short sold.

Some companies that are related to Frontier Communications Corporation include Neustar (NSR), Talktalk Telecom Group PLC (TALK), 8x8 (EGHT), ATN International (ATNI), Telecom plus PLC (TEP), Cincinnati Bell (CBB), KCOM Group PLC (KCOM), FairPoint Communications (FRP), 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), Inteliquent (IQNT) and NTS (NTS).

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
• Kenneth A. Arndt, Executive Vice President - Commercial Sales Operations
• John J. Lass, Executive Vice President - Customer Operations
• Cecilia K. McKenney, Executive Vice President, Chief Customer Officer
• 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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.85%), Vanguard Group Inc. (9.03%), State Street Corp (3.66%), Dimensional Fund Advisors LP (2.34%), CI Investments Inc. (2.10%) and Bank of New York Mellon Corp (2.04%). 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 Jennison Associates LLC, Vanguard Group Inc., State Street Corp, Massachusetts Financial Services Co. MA, TD Asset Management Inc., Teacher Retirement System of Texas, FMR LLC and Russell Investments Group Ltd.. 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 BlackRock Inc., Morgan Stanley, First Trust Advisors LP, Gotham Asset Management LLC, Pennant Capital Management LLC, Bank of New York Mellon Corp, Ameriprise Financial Inc. and Principal Financial Group Inc.. 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 $1.14.