Frontier Communications Corporation Company Profile (NASDAQ:FTR)

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

Frontier Communications Corporation declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.04 per share on Friday, June 30th. This represents a $0.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, June 13th. View Frontier Communications Corporation's Dividend History.

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

14 analysts have issued 1-year target prices for Frontier Communications Corporation's stock. Their forecasts range from $1.50 to $8.75. On average, they expect Frontier Communications Corporation's share 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. 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 increase in short interest during the month of June. As of June 30th, there was short interest totalling 327,245,630 shares, an increase of 10.6% from the June 15th total of 295,938,261 shares. Based on an average daily volume of 42,821,310 shares, the days-to-cover ratio is currently 7.6 days.

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), 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) 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 a number of of institutional and retail investors. Top institutional shareholders include Crow Point Partners LLC (5.21%), Sentinel Trust Co. LBA (1.62%), Aperio Group LLC (0.93%), Oregon Public Employees Retirement Fund (0.70%), Opera Trading Capital (0.64%) and State Treasurer State of Michigan (0.62%). 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 Bank of Montreal Can, Sentinel Trust Co. LBA, Creative Planning, LS Investment Advisors LLC and Dixon Hubard Feinour & Brown Inc. VA. 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 Crow Point Partners LLC, Opera Trading Capital, Aperio Group LLC, Gateway Investment Advisers LLC, Eqis Capital Management Inc., Washington Trust Bank, Louisiana State Employees Retirement System and Oregon Public Employees Retirement Fund. 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 $14.56.