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Last $5.08 USD
Change Today +0.15 / 3.04%
Volume 17.2M
FTR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

frontier communications corp (FTR) Snapshot

Open
$4.90
Previous Close
$4.93
Day High
$5.11
Day Low
$4.87
52 Week High
02/17/15 - $8.46
52 Week Low
07/27/15 - $4.19
Market Cap
5.9B
Average Volume 10 Days
22.6M
EPS TTM
$0.16
Shares Outstanding
1.2B
EX-Date
09/11/15
P/E TM
31.2x
Dividend
$0.42
Dividend Yield
8.07%
Current Stock Chart for FRONTIER COMMUNICATIONS CORP (FTR)

frontier communications corp (FTR) Related Businessweek News

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frontier communications corp (FTR) Details

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, video, and voice over Internet protocol products, as well as traditional copper-based broadband products; and commercial services, including Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services. It also provides Frontier Secure suite of products for computer security, cloud backup and sharing, identity protection, equipment insurance, and technical support; unified messaging services comprising call forwarding, conference calling, caller identification, voicemail, and call waiting services; long distance network services; and packages of communications services. In addition, the company offers switched access services that facilitate other carriers to use the company’s facilities to originate and terminate their local and long distance voice traffic; satellite TV video services; a range of third-party communications equipment to small, medium, and enterprise business customers; and directories. As of December 31, 2014, it had approximately 3,214,800 residential customers; approximately 304,700 business customers; 2,373,900 broadband subscribers; and 586,600 video subscribers. The company was formerly known as Citizens Communications Company and changed its name to Frontier Communications Corporation in July 2008. Frontier Communications Corporation was founded in 1927 and is based in Stamford, Connecticut.

18,200 Employees
Last Reported Date: 08/5/15
Founded in 1927

frontier communications corp (FTR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $908.3K
Executive Chairman
Total Annual Compensation: $1.6M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $731.3K
Chief Customer Officer and Executive Vice Pre...
Total Annual Compensation: $545.8K
Compensation as of Fiscal Year 2014.

frontier communications corp (FTR) Key Developments

Frontier Communications Corporation Enters into New $1.5 Billion Senior Secured Delayed-Draw Term Loan Facility

Frontier Communications Corporation has entered into a new $1.5 billion senior secured delayed-draw term loan facility. The loan will be drawn upon the closing of Frontier’s acquisition of Verizon Communications Inc.’s wireline operations in California, Florida and Texas, which is expected at the end of March 2016.

Frontier Communications Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditures and Free Cash Flow Guidance for the Full Year of 2015

Frontier Communications Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $1,368 million compared to $1,147 million a year ago. Operating income was $193 million compared to $224 million a year ago. Loss before income taxes was $66 million compared to income before income taxes of $57 million a year ago. Net loss was $28 million or $0.03 per basic share compared to net income of $38 million or $0.04 per basic share a year ago. Non-GAAP adjusted basic net income per common share was $0.03 compared to $0.05 a year ago. Capital expenditures - business operations was $178 million compared to $126 million a year ago. Capital expenditures - Integration activities was $28 million compared to $32 million a year ago. Operating cash flow, as adjusted was $561 million compared to $515 million a year ago. Free cash flow was $200 million compared to $216 million a year ago. Excluding the impact of the aforementioned items, the non-GAAP adjusted net income for the second quarter of 2015 was $27 million as compared to $21 million in the first quarter of 2015. For the six months period, the company reported revenue of $2,739 million compared to $2,301 million a year ago. Operating income was $356 million compared to $450 million a year ago. Loss before income taxes was $147 million compared to income before income taxes of $113 million a year ago. Net loss was $79 million or $0.08 per basic share compared to net income of $77 million or $0.08 per basic share a year ago. Non-GAAP adjusted basic net income per common share was $0.05 compared to $0.10 a year ago. Capital expenditures - business operations was $348 million compared to $261 million a year ago. Capital expenditures - Integration activities was $38 million compared to $42 million a year ago. Operating cash flow, as adjusted was $1,125 million compared to $1,036 million a year ago. Free cash flow was $397 million compared to $451 million a year ago. Net cash provided from operating activities was $616 million compared to $641 million a year ago. Non-GAAP adjusted net income was $48 million compared to $102 million a year ago. For the full year of 2015, the company is updating its guidance to take into consideration its acceptance of the Federal Communications Commission’s CAF II subsidy program. The company’s expectation for free cash flow is $825 million to $865 million and for capital expenditures for Frontier business operations is $700 million to $750 million. The company expects that absent any further legislative changes in 2015, 2015 cash taxes will be $95 million to $110 million.

Frontier Communications and Communications Workers of America Reach Agreement in Texas and Missouri

Frontier Communications Corporation and the Communications Workers of America District 6 (CWA) announced the signing of an agreement that will benefit CWA-represented employees in Texas and Missouri and Frontier’s future customers in Texas. The agreement is an important step forward in the process to complete Frontier’s planned acquisition of Verizon’s wireline business and assets in Texas, California and Florida. The CWA supports the proposed acquisition and believes it is in the public interest and the interest of its members. The CWA represents 2,000 Verizon workers in Texas and Missouri. This agreement provides the workforce in both states assurances for the acquisition and how the acquisition will affect them. It also includes operational benefits to allow Frontier to implement its local engagement model in the Texas markets. Reaching this agreement early allows these dedicated men and women to focus on delivering state-of-the-art broadband, voice and video services to Frontier’s future residential and business customers. Frontier has agreed to honor and extend the existing collective bargaining agreements for two years. As part of this agreement, Frontier and the CWA will form a Partnership Forum that will promote innovation of Frontier’s products and services and the service experience our customers receive. All commitments by Frontier are designed to ensure that the workforce stays highly motivated and trained to deliver the best possible service to its future customers in Texas.

 

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FTR Competitors

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Industry Analysis

FTR

Industry Average

Valuation FTR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.0x
Price/Cash Flow 4.8x
TEV/Sales NM Not Meaningful
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