Stock Monitor: magicJack VocalTec Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 13, 2018 / Active-Investors.com has just released a free earnings report on Frontier Communications Corp. (NASDAQ: FTR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FTR. The Company posted its financial results on February 27, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company witnessed an improvement in average monthly consumer revenue per customer and customer churn during the reported quarter. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for magicJack VocalTec Ltd (NASDAQ: CALL), which also belongs to the Technology sector as the Company Frontier Communications. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Frontier Communications most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
During Q4 FY17, Frontier Communications reported revenues of $2.22 billion, which came in lower than the $2.41 billion recorded at the end of Q4 FY16. Meanwhile, the Company's quarterly total revenue numbers came in marginally above Wall Street's expectations of $2.21 billion.
The communications services Company's net loss attributable to common shareholders came in at $1.08 billion, or $13.91 loss per diluted common share, in Q4 FY17 compared to a net loss attributable to common shareholders of $133 million, or $1.73 loss per diluted common share, in the prior year's same quarter. The Company's adjusted net loss attributable to common shareholders was $46 million, or $0.59 loss per diluted share, in Q4 FY17 compared to an adjusted net loss attributable to common shareholders of $43 million, or $0.55 loss per diluted share, in Q4 FY16. Moreover, market analysts had expected the Company to report an adjusted net loss of $1.04 per diluted share for the reported quarter.
For the full year FY17, the Company's revenues came in at $9.13 billion, which came in above the $8.90 billion reported in FY16. The Company's net loss attributable to common shareholders widened to $2.02 billion, or $25.99 loss per diluted share, during FY17 from a net loss attributable to common shareholders of $587 million, or $7.61 loss per diluted share, in FY16. Additionally, the Company's adjusted net loss attributable to common shareholders stood at $295 million, or $3.79 loss per diluted share, in FY17 compared to an adjusted net loss attributable to common shareholders of $100 million, or $1.29 loss per diluted share, in FY16.
For Q4 FY17, Frontier Communications spent $3.97 billion on operating expenses, up from $2.15 billion in Q4 FY16. The Company posted an operating loss of $1.75 billion in Q4 FY17 versus an operating income of $255 million in Q4 FY16. For Q4 FY17, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $919 million, or 41.5% of revenues, versus $976 million, or 40.4% of revenues, reported in the year ago comparable quarter.
The Norwalk, Connecticut-based Company's average monthly consumer revenue per customer was $81.61 in Q4 FY17, up from $80.33 in Q4 FY16. The customer monthly churn also improved to 1.98% in Q4 FY17 from 2.08% in Q4 FY16.
Cash Flow and Balance Sheet
For the quarter ended December 31, 2017, Frontier Communications generated cash from operations of $665 million compared to $714 million in the previous year's corresponding quarter. For Q4 FY17, the Company's free cash flow came in at $228 million compared to $316 million in Q4 FY16.
The Company had cash, cash equivalents, and restricted cash of $376 million as on December 31, 2017, compared to $522 million at the close of books on December 31, 2016. Furthermore, the Company's long-term debt stood at $16.97 billion as on December 31, 2017, compared to $17.56 billion as on December 31, 2016.
In its outlook for the full year FY18, Frontier Communications expects adjusted EBITDA to be approximately $3.6 billion. The Company forecasts capital expenditure to be between $1.0 billion and $1.15 billion, while operating free cash flow is anticipated to be approximately $800 million for the year ending December 31, 2018.
Stock Performance Snapshot
April 12, 2018 - At Thursday's closing bell, Frontier Communications' stock fell 8.57%, ending the trading session at $8.11.
Volume traded for the day: 3.86 million shares, which was above the 3-month average volume of 3.24 million shares.
Stock performance in the last month – up 3.58%; previous three-month period – up 9.15%; and year-to-date – up 19.97%
After yesterday's close, Frontier Communications' market cap was at $639.96 million.
The stock is part of the Technology sector, categorized under the Telecom Services - Domestic industry. This sector was up 0.9% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.