Last $6.68 USD
Change Today +0.04 / 0.60%
Volume 7.0M
As of 8:10 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

frontier communications corp (FTR) Snapshot

Open
$6.63
Previous Close
$6.64
Day High
$6.69
Day Low
$6.57
52 Week High
07/29/14 - $7.24
52 Week Low
09/30/13 - $4.09
Market Cap
6.7B
Average Volume 10 Days
7.6M
EPS TTM
$0.20
Shares Outstanding
1.0B
EX-Date
09/10/14
P/E TM
34.2x
Dividend
$0.40
Dividend Yield
5.99%
Current Stock Chart for FRONTIER COMMUNICATIONS CORP (FTR)

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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 data and Internet services comprising residential services, such as wireline and wireless broadband, dial up Internet, portal, and e-mail products; commercial services, such as Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing data transport services, and optical transport services; Frontier Secure suite of products for computer security and technical support; and commercial voice over Internet protocol services. It also provides local and long distance voice services, including local voice services; enhanced services, such as 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. Further, it provides satellite and terrestrial video services; a range of third-party communications equipment to small, medium, and enterprise business customers; and directories. As of December 31, 2013, Frontier Communications Corporation had 2,803,500 residential customers; 270,800 business customers; 1,866,700 broadband subscribers; and 385,400 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.

frontier communications corp (FTR) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $566.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $492.4K
Executive Vice President of Strategy
Total Annual Compensation: $506.3K
Executive Vice President of External Affairs
Total Annual Compensation: $385.4K
Compensation as of Fiscal Year 2013.

frontier communications corp (FTR) Key Developments

Frontier Communications Corporation and International Brotherhood of Electrical Workers Announces Labor Contract

Frontier Communications Corporation and the International Brotherhood of Electrical Workers, AFL-CIO (IBEW) and its Local Unions 89 and 543 in California, Nevada, Oregon and Washington have reached new collective bargaining agreement through binding interest arbitration. The new agreement covers approximately 1,000 employees, is effective immediately and expires in May 2017. The covered workforce includes technicians, call center consultants, and many other employees who support Frontier's operations locally and across the country. The Frontier and IBEW negotiating committees bargained intensively for more than 14 months to address priority issues for both, including improving the customer experience and operational efficiencies; addressing intense competition in the telecommunications industry during challenging economic times; maintaining a workforce focused on Frontier's core telecommunication's activities; hiring and retaining the best employees; job security, and providing competitive wages and benefits.

Frontier Communications and CWA Union Reach Labor-Contract Agreement

Frontier Communications announced that after 13 months of negotiations, the Communications Workers of America and Frontier Communications reached a labor-contract agreement on August 4, 2014. It will cover 1,500 CWA members working for Frontier in West Virginia. The new four-year contract, which will continue through Aug. 5, 2017, will also be retroactive back to August 2013, when the previous contract expired. The company and union officials had agreed to several extensions of the old contract while negotiations continued on the new one. The new contract agreement apparently reached on August 4, 2014 must be ratified by the union's members before it becomes a formal contract. After the new contract is formally approved by both parties in the negotiations, it will be sent to CWA local members for their ratification.

Frontier Communications Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Frontier Communications Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $1,147,265,000 compared with $1,190,533,000 for the same period last year. Operating income was $224,342,000 compared with $266,156,000 for the same period last year. Income taxes was $56,714,000 compared with loss before income taxes of $57,215,000 for the same period last year. Net income attributable to common shareholders of Frontier was $37,680,000 or $0.04 basic per share compared with net loss attributable to common shareholders of Frontier $38,460,000 or $0.04 basic per share for the same period last year. Capital expenditures - Business operations was $125,536,000 compared with $137,513,000 for the same period last year. Capital expenditures - Integration activities was $31,227,000. Adjusted operating cash flow was $515,031,000 compared with $557,286,000 for the same period last year. Non-GAAP net income attributable to common shareholders of Frontier was $53,681,000 or $0.05 basic per share compared with $61,299,000 or $0.06 basic per share for the same period last year. For the six months, the company reported revenue of $2,301,311,000 compared with $2,395,929,000 for the same period last year. Operating income was $450,367,000 compared with $516,980,000 for the same period last year. Income before income taxes was $113,177,000 compared with loss before income taxes of $26,843,000 for the same period last year. Net income attributable to common shareholders of Frontier was $76,954,000 or $0.08 basic per share compared with $9,680,000 or $0.01 basic per share for the same period last year. Capital expenditures - Business operations was $260,595,000 compared with $326,522,000 for the same period last year. Capital expenditures - Integration activities was $41,575,000. Net cash provided by operating activities was $641,119,000 compared with $680,707,000 for the same period last year. Adjusted operating cash flow was $1,036,500,000 compared with $1,119,218,000 for the same period last year. Non-GAAP net income attributable to common shareholders of Frontier was $102,047,000 or $0.10 basic per share compared with $110,126,000 or $0.11 basic per share for the same period last year. For the full year of 2014, the company's expectations for capital expenditures and free cash flow for Frontier business operations remain unchanged and are within a range of $575 million to $625 million and $725 million to $775 million, respectively. Acquisition and integration costs for the pending AT&T Connecticut transaction are excluded from this guidance. The Company expects that absent any further legislative changes in 2014, its cash taxes guidance remains unchanged and will be in the range of $130 million to $160 million for 2014 for its current business operations, taking into account its estimated pre-close integration expenditures. Its expectations to incur additional capital expenditures of $85 million to $105 million in 2014 related to integration activities in connection with the pending AT&T Connecticut transaction also remain unchanged.

 

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