Brokerages expect that Frontier Communications Corporation (NASDAQ:FTR) will post sales of $2.21 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Frontier Communications’ earnings. The highest sales estimate is $2.22 billion and the lowest is $2.20 billion. Frontier Communications reported sales of $2.41 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.3%. The company is expected to announce its next earnings results on Monday, February 26th.

On average, analysts expect that Frontier Communications will report full-year sales of $2.21 billion for the current financial year, with estimates ranging from $9.11 billion to $9.13 billion. For the next year, analysts forecast that the business will report sales of $8.64 billion per share, with estimates ranging from $8.59 billion to $8.69 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Frontier Communications.

Frontier Communications (NASDAQ:FTR) last announced its earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.95) by $0.01. Frontier Communications had a negative net margin of 9.17% and a negative return on equity of 1.97%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the business earned ($0.64) earnings per share. Frontier Communications’s revenue was down 10.8% compared to the same quarter last year.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Frontier Communications from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Royal Bank of Canada reiterated a “hold” rating and issued a $16.00 price target on shares of Frontier Communications in a report on Sunday, September 17th. Zacks Investment Research lowered shares of Frontier Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Deutsche Bank decreased their price target on shares of Frontier Communications from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, October 10th. Finally, Cowen reiterated a “hold” rating and issued a $14.00 price target on shares of Frontier Communications in a report on Thursday, October 19th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.30.

Shares of Frontier Communications (FTR) traded down $0.07 during midday trading on Tuesday, reaching $6.76. 4,765,800 shares of the company were exchanged, compared to its average volume of 3,053,544. Frontier Communications has a 1 year low of $6.08 and a 1 year high of $57.30. The firm has a market capitalization of $553.91, a price-to-earnings ratio of -0.49 and a beta of 0.52. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.70 and a current ratio of 0.70.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 35.50%. The ex-dividend date of this dividend was Thursday, December 14th. Frontier Communications’s dividend payout ratio is presently -17.45%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC purchased a new stake in Frontier Communications during the 3rd quarter worth $176,000. Engineers Gate Manager LP bought a new stake in shares of Frontier Communications in the 3rd quarter worth about $138,000. Pinnacle Associates Ltd. bought a new stake in shares of Frontier Communications in the 3rd quarter worth about $535,000. Virginia Retirement Systems ET AL bought a new stake in shares of Frontier Communications in the 3rd quarter worth about $174,000. Finally, SG Americas Securities LLC increased its position in shares of Frontier Communications by 109.9% in the 3rd quarter. SG Americas Securities LLC now owns 32,288 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 357,493 shares during the last quarter. 62.89% of the stock is currently owned by hedge funds and other institutional investors.

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Frontier Communications 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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