Frontier Communications Corporation (FTR) Scheduled to Post Earnings on Tuesday
Frontier Communications Corporation (NASDAQ:FTR) will release its earnings data after the market closes on Tuesday, October 31st. Analysts expect Frontier Communications Corporation to post earnings of ($0.95) per share for the quarter.
Frontier Communications Corporation (NASDAQ:FTR) last announced its earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($1.07) by ($0.03). Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company earned ($0.29) EPS. Frontier Communications Corporation’s revenue was down 11.7% compared to the same quarter last year. On average, analysts expect Frontier Communications Corporation to post $-4.51 EPS for the current fiscal year and $-1.64 EPS for the next fiscal year.
Frontier Communications Corporation (NASDAQ FTR) opened at 11.51 on Tuesday. The firm’s 50 day moving average price is $12.39 and its 200-day moving average price is $17.35. The firm’s market cap is $903.72 million. Frontier Communications Corporation has a one year low of $11.16 and a one year high of $63.90.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 20.85%. This is an increase from Frontier Communications Corporation’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 14th. Frontier Communications Corporation’s dividend payout ratio (DPR) is presently -16.65%.
A number of equities research analysts have recently issued reports on the stock. Hilliard Lyons downgraded shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a research report on Wednesday, August 9th. UBS AG restated a “neutral” rating and set a $15.00 price objective (down from $26.25) on shares of Frontier Communications Corporation in a research report on Tuesday, August 8th. Cowen and Company restated a “hold” rating and set a $14.00 price objective on shares of Frontier Communications Corporation in a research report on Thursday, October 19th. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price objective on shares of Frontier Communications Corporation in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Frontier Communications Corporation presently has a consensus rating of “Hold” and an average target price of $8.94.
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Frontier Communications Corporation Company Profile
Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).
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