The closing price of Frontier Communications Parent Inc (NASDAQ: FYBR) was $24.31 for the day, down -1.02% from the previous closing price of $24.56. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 1125530 shares were traded. FYBR stock price reached its highest trading level at $24.96 during the session, while it also had its lowest trading level at $24.22.
Ratios:
Our analysis of FYBR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 2.19 whereas as Long-Term Debt/Eq ratio is at 2.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on July 17, 2023, Downgraded its rating to Neutral and sets its target price to $17 from $30 previously.
On June 27, 2023, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $27.
Morgan Stanley Downgraded its Equal-Weight to Underweight on March 27, 2023, whereas the target price for the stock was revised from $23 to $19.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 18 ’23 when ARES MANAGEMENT LLC bought 150,000 shares for $18.93 per share. The transaction valued at 2,838,930 led to the insider holds 38,912,895 shares of the business.
ARES MANAGEMENT LLC bought 150,000 shares of FYBR for $2,838,930 on Oct 18 ’23. The 10% Owner now owns 38,912,895 shares after completing the transaction at $18.93 per share. On Oct 18 ’23, another insider, ARES MANAGEMENT LLC, who serves as the 10% Owner of the company, bought 150,000 shares for $18.93 each. As a result, the insider paid 2,838,930 and bolstered with 38,912,895 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FYBR now has a Market Capitalization of 5.98B and an Enterprise Value of 15.04B. As of this moment, Frontier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 208.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 2.65 whereas that against EBITDA is 6.88.
Stock Price History:
Over the past 52 weeks, FYBR has reached a high of $25.89, while it has fallen to a 52-week low of $11.65. The 50-Day Moving Average of the stock is 23.63, while the 200-Day Moving Average is calculated to be 19.37.
Shares Statistics:
FYBR traded an average of 1.76M shares per day over the past three months and 1.43M shares per day over the past ten days. A total of 245.81M shares are outstanding, with a floating share count of 177.59M. Insiders hold about 27.76% of the company’s shares, while institutions hold 84.40% stake in the company. Shares short for FYBR as of Feb 29, 2024 were 24.73M with a Short Ratio of 14.02, compared to 22.76M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.06% and a Short% of Float of 11.90%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of $0.04 and a low estimate of -$0.23, while EPS last year was $0.01. The consensus estimate for the next quarter is -$0.09, with high estimates of $0.04 and low estimates of -$0.24.
Analysts are recommending an EPS of between $0.27 and -$0.86 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.53, with 6 analysts recommending between $0.61 and -$1.59.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $1.45B to a low estimate of $1.42B. As of the current estimate, Frontier Communications Parent Inc’s year-ago sales were $1.44B, an estimated decrease of -0.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $1.45B, an increase of 0.20% over than the figure of -$0.20% in the same quarter last year. There is a high estimate of $1.45B for the next quarter, whereas the lowest estimate is $1.43B.
A total of 7 analysts have provided revenue estimates for FYBR’s current fiscal year. The highest revenue estimate was $5.8B, while the lowest revenue estimate was $5.71B, resulting in an average revenue estimate of $5.77B. In the same quarter a year ago, actual revenue was $5.75B, up 0.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $5.87B in the next fiscal year. The high estimate is $5.93B and the low estimate is $5.73B. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
