Frontier Communications Parent (NASDAQ:FYBR) Releases Earnings Results, Misses Expectations By $0.28 EPS

Frontier Communications Parent (NASDAQ:FYBR) announced its earnings results on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.28), Zacks reports. Frontier Communications Parent had a negative return on equity of 3.61% and a negative net margin of 3.19%.

Frontier Communications Parent Stock Performance

FYBR stock traded up $0.08 during midday trading on Thursday, reaching $35.78. The company had a trading volume of 3,552,258 shares, compared to its average volume of 2,482,807. The stock has a 50 day moving average price of $35.34 and a 200 day moving average price of $34.24. The firm has a market capitalization of $8.91 billion, a PE ratio of -47.71 and a beta of 1.05. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. Frontier Communications Parent has a fifty-two week low of $20.51 and a fifty-two week high of $39.21.

Analysts Set New Price Targets

A number of research firms recently commented on FYBR. Raymond James downgraded Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. Benchmark downgraded Frontier Communications Parent from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Frontier Communications Parent currently has an average rating of “Hold” and a consensus price target of $35.31.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.