Frontier Group (NASDAQ:ULCC) Issues Q1 Earnings Guidance

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ULCC. Bank of America decreased their target price on Frontier Group from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. UBS Group lowered their target price on shares of Frontier Group from $7.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday. Susquehanna reduced their price target on shares of Frontier Group from $9.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday. Morgan Stanley upped 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 report on Monday, February 24th. Finally, Citigroup reiterated a “neutral” rating and set a $7.25 target price on shares of Frontier Group in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Frontier Group has an average rating of “Hold” and an average target price of $6.47.

Frontier Group Stock Performance

Shares of Frontier Group stock opened at $3.57 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market cap of $811.28 million, a price-to-earnings ratio of 9.92 and a beta of 2.52. Frontier Group has a one year low of $2.79 and a one year high of $10.26. The stock’s 50-day moving average is $6.43 and its 200-day moving average is $6.59.

Frontier Group (NASDAQ:ULCC) last released its quarterly earnings results on Friday, February 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Frontier Group had a return on equity of 9.83% and a net margin of 2.25%. Equities analysts predict that Frontier Group will post 0.91 earnings per share for the current fiscal year.

Insider Activity at Frontier Group

In related news, EVP Howard Diamond sold 87,830 shares of the stock in a transaction that occurred 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 directly owns 175,886 shares of the company’s stock, valued at approximately $1,542,520.22. This represents a 33.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Alexandre Clerc sold 15,152 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $6.63, for a total value of $100,457.76. Following the completion of the sale, the senior vice president now directly owns 23,912 shares of the company’s stock, valued at approximately $158,536.56. The trade was a 38.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 535,982 shares of company stock valued at $4,515,647. Corporate insiders own 81.50% of the company’s stock.

Frontier Group Company Profile

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.