According to Zacks, analysts expect that FairPoint Communications will report full year earnings of ($1.94) per share for the current fiscal year, with EPS estimates ranging from ($2.03) to ($1.84). For the next fiscal year, analysts anticipate that the business will report earnings of ($1.71) per share, with EPS estimates ranging from ($2.02) to ($1.40). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover FairPoint Communications.
Wall Street analysts predict that FairPoint Communications Inc (NASDAQ:FRP) will announce earnings of ($0.41) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for FairPoint Communications’ earnings, with the lowest EPS estimate coming in at ($0.43) and the highest estimate coming in at ($0.38). FairPoint Communications reported earnings of $1.08 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 138%. The business is expected to issue its next earnings report on Wednesday, August 2nd.
FairPoint Communications (NASDAQ:FRP) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by $0.11. FairPoint Communications had a net margin of 15.70% and a negative return on equity of 627.47%. The business earned $201.91 million during the quarter, compared to analyst estimates of $199.98 million. FRP has been the topic of a number of recent research reports. Zacks Investment Research raised FairPoint Communications from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, March 9th. Jefferies Group LLC cut their target price on FairPoint Communications from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, March 7th.
Large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new stake in FairPoint Communications during the third quarter worth approximately $170,000. PEAK6 Investments L.P. acquired a new stake in FairPoint Communications during the fourth quarter valued at approximately $191,000. State Board of Administration of Florida Retirement System acquired a new stake in FairPoint Communications during the fourth quarter valued at approximately $221,000. Texas Permanent School Fund acquired a new stake in FairPoint Communications during the first quarter valued at approximately $271,000. Finally, Engineers Gate Manager LP acquired a new stake in FairPoint Communications during the first quarter valued at approximately $320,000. 92.22% of the stock is currently owned by hedge funds and other institutional investors. FairPoint Communications (NASDAQ:FRP) traded up 0.62% during mid-day trading on Monday, reaching $16.25. 147,174 shares of the company traded hands. FairPoint Communications has a 12-month low of $12.81 and a 12-month high of $19.60. The company’s 50-day moving average is $16.98 and its 200-day moving average is $17.34. The stock has a market capitalization of $436.77 million, a price-to-earnings ratio of 4.23 and a beta of 0.32.
About FairPoint Communications FairPoint Communications, Inc is a provider of data, voice and communications services to business, wholesale and residential customers within its service territories. The Company offers its customers a suite of services, such as Ethernet, Session Initiation Protocol Trunking (SIP-Trunking), hosted Primary Branch Exchange (hosted PBX), managed services, data center colocation services, high capacity data transport and other Internet protocol (IP)-based services over its fiber-based network.
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