Frontier Communications Corporation (FTR) Releases Earnings Results, Beats Estimates By $0.01 EPS

Frontier Communications Corporation (NASDAQ:FTR) issued its earnings results on Tuesday. The utilities provider reported ($0.94) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.95) by $0.01, Bloomberg Earnings reports. Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business earned ($0.64) earnings per share. Frontier Communications Corporation’s revenue for the quarter was down 10.8% on a year-over-year basis.

Frontier Communications Corporation (NASDAQ FTR) traded up 1.94% during midday trading on Tuesday, hitting $12.11. 3,878,652 shares of the stock traded hands. Frontier Communications Corporation has a 52-week low of $11.16 and a 52-week high of $61.05. The stock has a 50-day moving average of $12.15 and a 200 day moving average of $16.67. The firm’s market cap is $950.83 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 19.82%. Frontier Communications Corporation’s dividend payout ratio (DPR) is presently -16.65%.

A number of equities analysts recently weighed in on FTR shares. Zacks Investment Research lowered shares of Frontier Communications Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. ValuEngine lowered shares of Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Morgan Stanley dropped their target price on shares of Frontier Communications Corporation to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. Finally, Hilliard Lyons lowered shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.94.

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Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

Earnings History for Frontier Communications Corporation (NASDAQ:FTR)

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