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

Frontier Communications Parent (NASDAQ:FYBR) announced its earnings results on Thursday. The company reported ($0.47) EPS for the quarter, missing the consensus estimate 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 Trading Up 0.2 %

NASDAQ FYBR traded up $0.08 on Thursday, hitting $35.78. 3,552,258 shares of the stock were exchanged, compared to its average volume of 2,482,807. Frontier Communications Parent has a 52-week low of $20.51 and a 52-week high of $39.21. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of -47.71 and a beta of 1.05. The company’s 50-day moving average price is $35.34 and its two-hundred day moving average price is $34.24.

Analyst Ratings Changes

Several research firms have issued reports on FYBR. Raymond James cut Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a report on Thursday, February 6th. Benchmark cut Frontier Communications Parent from a “buy” rating to a “hold” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.31.

About Frontier Communications Parent

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.