Frontier Group (NASDAQ:ULCC) Announces Quarterly Earnings Results

Frontier Group (NASDAQ:ULCC) announced its quarterly earnings results on Friday. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.20, Zacks reports. Frontier Group updated its Q1 2025 guidance to 0.000-0.070 EPS and its FY 2025 guidance to 1.000- EPS.

Frontier Group Stock Up 15.5 %

ULCC opened at $9.34 on Friday. The firm’s fifty day moving average price is $7.45 and its 200 day moving average price is $5.77. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.57. Frontier Group has a 12-month low of $2.79 and a 12-month high of $9.67.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ULCC. Citigroup raised their price objective on shares of Frontier Group from $4.70 to $7.15 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. UBS Group increased their target price on Frontier Group from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Barclays upped their price target on shares of Frontier Group from $7.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upgraded Frontier Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $6.00 to $8.00 in a report on Wednesday, December 11th. Finally, Susquehanna upped their price target on shares of Frontier Group from $6.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.96.

Insider Transactions at Frontier Group

In other news, Director Josh T. Connor sold 30,000 shares of Frontier Group stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $5.74, for a total value of $172,200.00. Following the completion of the transaction, the director now directly owns 326,550 shares of the company’s stock, valued at approximately $1,874,397. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Barry Biffle sold 160,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $6.88, for a total transaction of $1,100,800.00. Following the sale, the chief executive officer now owns 784,817 shares in the company, valued at approximately $5,399,540.96. This trade represents a 16.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 788,000 shares of company stock valued at $6,214,070. Insiders own 81.50% of the company’s stock.

About Frontier Group

Frontier Group Holdings, Inc, provides low-fare passenger airline services to leisure travelers in the United States and Latin America. The company sells its products through direct distribution channels, including its website, mobile app, and contact centers. As of December 31, 2023, it had a fleet of 136 Airbus single-aisle aircrafts.