Frontier Group (NASDAQ:ULCC – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.09, Briefing.com reports. Frontier Group had a positive return on equity of 5.33% and a negative net margin of 0.31%. The firm had revenue of $865.00 million for the quarter, compared to analysts’ expectations of $859.21 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis.
Frontier Group Trading Down 3.0 %
Frontier Group stock traded down $0.18 during trading on Friday, hitting $5.76. The company’s stock had a trading volume of 2,173,964 shares, compared to its average volume of 2,290,833. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -96.00 and a beta of 2.63. The stock’s fifty day moving average is $7.11 and its 200 day moving average is $5.71. Frontier Group has a 1-year low of $3.19 and a 1-year high of $10.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.48 and a current ratio of 0.53.
Insider Activity at Frontier Group
In related news, CEO Barry Biffle sold 151,620 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $7.72, for a total value of $1,170,506.40. Following the completion of the transaction, the chief executive officer now directly owns 772,981 shares in the company, valued at $5,967,413.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 81.50% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Report on ULCC
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.
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