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Frontier Communications’ Key Priorities in 2019

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Frontier Communications

During the JPMorgan Global Technology, Media and Communications Conference held on May 14, Daniel McCarthy, Frontier Communications’ (FTR) president and CEO, talked about the company’s key priorities this year. McCarthy said that the company will focus on improving its revenues and unit trends, executing its transformation program, and deleveraging its balance sheet.

Analysts expect Frontier Communications’ sales and adjusted EPS to be $8.2 billion and -$1.24 in fiscal 2019 and $7.8 billion and -$0.93 in fiscal 2020, respectively. The company reported sales of $8.6 billion and an adjusted EPS of -$1.34 in fiscal 2018, respectively.

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First-quarter results

Frontier Communications’ first-quarter revenues fell ~4.5% YoY (year-over-year) to $2.1 billion. The company reported an adjusted EPS of -$0.18 in the first quarter—compared to an adjusted EPS of -$0.58 in the first quarter of 2018. On average, analysts expect the company to post an adjusted EPS of -$0.38 in the first quarter.

Stock returns

Currently, Frontier Communications stock is trading at $2.02, which is 11.6% above its 52-week low of $1.81 and 79.5% below its 52-week high of $9.87. The stock price has fallen 18.9% in the trailing one-month period, 78.5% in the trailing 12-month period, and 15.1% year-to-date. Analysts’ estimates show that the stock could rise 14.4% over the next 12 months.

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