In the latest trading session, 1.54 million Frontier Communications Parent Inc (NASDAQ:FYBR) shares changed hands as the company’s beta touched 1.10. With the company’s most recent per share price at $35.49 changed hands at -$0.22 or -0.60% at last look, the market valuation stands at $8.84B. FYBR’s current price is a discount, trading about -10.48% off its 52-week high of $39.21. The share price had its 52-week low at $16.29, which suggests the last value was 54.1% up since then. When we look at Frontier Communications Parent Inc’s average trading volume, we note the 10-day average is 2.87 million shares, with the 3-month average coming to 3.28 million.
Analysts gave the Frontier Communications Parent Inc (FYBR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended FYBR as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Frontier Communications Parent Inc’s EPS for the current quarter is expected to be -0.19.
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Frontier Communications Parent Inc (NASDAQ:FYBR) trade information
Instantly FYBR was in red as seen in intraday trades today. With action -0.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 40.07%, with the 5-day performance at -0.60% in the red. However, in the 30-day time frame, Frontier Communications Parent Inc (NASDAQ:FYBR) is -0.66% down. Looking at the short shares, we see there were 9.16 million shares sold at short interest cover period of 1.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is 38.5, meaning bulls need an upside of 7.82% from its recent market value. According to analyst projections, FYBR’s forecast low is 23 with 38.5 as the target high. To hit the forecast high, the stock’s price needs a -8.48% plunge from its current level, while the stock would need to tank 35.19% for it to hit the projected low.
Frontier Communications Parent Inc (FYBR) estimates and forecasts
Data shows that the Frontier Communications Parent Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 55.20% over the past 6 months, a -758.33% in annual growth rate that is considerably lower than the industry average of 16.50%. Year-over-year growth is forecast to reach 1.80% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 1.46B. 11 analysts are of the opinion that Frontier Communications Parent Inc’s revenue for the current quarter will be 1.46B. The company’s revenue for the corresponding quarters a year ago was 1.44B and 1.43B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.70%. The estimates for the next quarter sales put growth at 2.20%.
The 2024 estimates are for Frontier Communications Parent Inc earnings to decrease by -646.28%.
FYBR Dividends
Frontier Communications Parent Inc is expected to release its next quarterly earnings report on 2024-Oct-30.
Frontier Communications Parent Inc (NASDAQ:FYBR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.28% of Frontier Communications Parent Inc shares while 110.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 111.97%. There are 110.54% institutions holding the Frontier Communications Parent Inc stock share, with ARES MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 15.7989% of the shares, roughly 38.91 million FYBR shares worth $1.02 billion.
GLENDON CAPITAL MANAGEMENT LP holds the second largest percentage of outstanding shares, with 9.8318% or 24.22 million shares worth $633.97 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. With 7.79 shares estimated at $275.6 million under it, the former controlled 3.13% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 2.77% of the shares, roughly 6.9 shares worth around $244.26 million.
