Frontier Group (NASDAQ:ULCC) Releases Q1 Earnings Guidance

Frontier Group (NASDAQ:ULCC) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $(0.24)-(0.20) for the period, compared to the consensus EPS estimate of ($0.04).

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Frontier Group from $14.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group cut their price target on Frontier Group from $7.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley boosted their price objective on shares of Frontier Group from $7.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Susquehanna lowered their price objective on Frontier Group from $9.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut Frontier Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $12.00 to $8.00 in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Frontier Group currently has an average rating of “Hold” and a consensus price target of $6.47.

Frontier Group Trading Down 12.5 %

Shares of NASDAQ:ULCC traded down $0.51 on Thursday, reaching $3.57. 4,348,899 shares of the company traded hands, compared to its average volume of 2,409,238. The stock has a market capitalization of $811.28 million, a P/E ratio of 9.92 and a beta of 2.52. The business’s 50-day simple moving average is $6.52 and its 200 day simple moving average is $6.60. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.45. Frontier Group has a 52 week low of $2.79 and a 52 week high of $10.26.

Frontier Group (NASDAQ:ULCC) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. As a group, equities analysts anticipate that Frontier Group will post 0.91 EPS for the current fiscal year.

Insider Activity

In other Frontier Group news, EVP Howard Diamond sold 87,830 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.77, for a total transaction of $770,269.10. Following the completion of the transaction, the executive vice president now owns 175,886 shares of the company’s stock, valued at approximately $1,542,520.22. This trade represents a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Barry Biffle sold 160,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $8.38, for a total transaction of $1,340,800.00. Following the completion of the sale, the chief executive officer now owns 864,817 shares in the company, valued at approximately $7,247,166.46. This trade represents a 15.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 535,982 shares of company stock valued at $4,515,647. Insiders own 81.50% of the company’s stock.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.