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The price of Frontier Communications Parent Inc (NASDAQ: FYBR) closed at $21.80 in the last session, up 0.46% from day before closing price of $21.70. In other words, the price has increased by $0.46 from its previous closing price. On the day, 1.3 million shares were traded. FYBR stock price reached its highest trading level at $22.11 during the session, while it also had its lowest trading level at $21.31.
Ratios:
We take a closer look at FYBR’s different ratios to gain a better understanding of the stock. 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 April 15, 2024, Upgraded its rating to Buy and sets its target price to $30 from $28 previously.
On April 09, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $30.
Citigroup Downgraded its Buy to Neutral on July 17, 2023, whereas the target price for the stock was revised from $30 to $17.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5418258944 and an Enterprise Value of 15086854144. As of this moment, Frontier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 186.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 2.623 whereas that against EBITDA is 6.892.
Stock Price History:
The Beta on a monthly basis for FYBR is 1.09, which has changed by 0.012070537 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 -6.90%, while the 200-Day Moving Average is calculated to be 7.59%.
Shares Statistics:
According to the various share statistics, FYBR traded on average about 1.66M shares per day over the past 3-months and 1615910 shares per day over the past 10 days. A total of 245.81M shares are outstanding, with a floating share count of 177.28M. Insiders hold about 27.88% of the company’s shares, while institutions hold 84.45% stake in the company. Shares short for FYBR as of 1711584000 were 28508855 with a Short Ratio of 17.14, compared to 1709164800 on 24726265. Therefore, it implies a Short% of Shares Outstanding of 28508855 and a Short% of Float of 13.83.
Earnings Estimates
The market rating for Frontier Communications Parent Inc (FYBR) is a result of the insights provided by 8 analysts actively involved in the assessment.On average, analysts expect EPS of $-0.07 for the current quarter, with a high estimate of $0.24 and a low estimate of $-0.23, while EPS last year was $0.01. The consensus estimate for the next quarter is $-0.1, with high estimates of $0.08 and low estimates of $-0.24.
Analysts are recommending an EPS of between $0.27 and $-0.96 for the fiscal current year, implying an average EPS of $-0.32. EPS for the following year is $-0.47, with 9 analysts recommending between $0.61 and $-1.36.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $1.44B. 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 -0.30% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $1.44B, an increase of 0.20% over than the figure of $-0.30% 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 10 analysts have provided revenue estimates for FYBR’s current fiscal year. The highest revenue estimate was $5.83B, while the lowest revenue estimate was $5.7B, resulting in an average revenue estimate of $5.78B. In the same quarter a year ago, actual revenue was $5.75B, up 0.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $5.88B in the next fiscal year. The high estimate is $5.94B and the low estimate is $5.79B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.
