Frontier Communications Corp (FTR) Expected to Announce Quarterly Sales of $2.21 Billion

Wall Street analysts expect that Frontier Communications Corp (NASDAQ:FTR) will post sales of $2.21 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Frontier Communications’ earnings, with the highest sales estimate coming in at $2.22 billion and the lowest estimate coming in at $2.20 billion. Frontier Communications posted sales of $2.41 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.3%. The firm is expected to report its next earnings report after the market closes on Tuesday, February 27th.

On average, analysts expect that Frontier Communications will report full year sales of $2.21 billion for the current year, with estimates ranging from $9.11 billion to $9.13 billion. For the next fiscal year, analysts forecast that the company will report sales of $8.61 billion per share, with estimates ranging from $8.51 billion to $8.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Frontier Communications.

A number of equities research analysts have commented on FTR shares. Deutsche Bank decreased their target price on shares of Frontier Communications from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, October 10th. BidaskClub cut shares of Frontier Communications from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Cowen restated a “hold” rating and set a $14.00 target price on shares of Frontier Communications in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Frontier Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Vetr cut shares of Frontier Communications from a “strong-buy” rating to a “buy” rating and set a $13.35 price objective on the stock. in a research report on Tuesday, October 31st. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Frontier Communications presently has an average rating of “Hold” and an average target price of $9.49.

Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in shares of Frontier Communications in the third quarter valued at $124,000. Engineers Gate Manager LP purchased a new position in shares of Frontier Communications in the third quarter valued at $138,000. Crossmark Global Holdings Inc. purchased a new position in shares of Frontier Communications in the third quarter valued at $146,000. Virginia Retirement Systems ET AL purchased a new position in shares of Frontier Communications in the third quarter valued at $174,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Frontier Communications in the third quarter valued at $176,000. 62.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Frontier Communications (FTR) opened at $7.84 on Monday. Frontier Communications has a one year low of $6.08 and a one year high of $52.20. The company has a debt-to-equity ratio of 5.16, a current ratio of 0.70 and a quick ratio of 0.70.

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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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