Frontline (NYSE:FRO - Get Free Report) will announce its earnings results before the market opens on Friday, November 29th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Frontline (NYSE:FRO - Get Free Report) last announced its quarterly earnings results on Friday, August 30th. The shipping company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.03). The firm had revenue of $409.72 million during the quarter, compared to the consensus estimate of $383.88 million. Frontline had a return on equity of 19.73% and a net margin of 29.42%. During the same period last year, the business earned $0.94 EPS. On average, analysts expect Frontline to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Frontline Trading Up 0.1 %
Shares of Frontline stock traded up $0.02 during trading on Friday, reaching $19.55. 1,391,836 shares of the stock were exchanged, compared to its average volume of 1,844,320. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.40. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 7.34 and a beta of 0.06. Frontline has a 1 year low of $18.26 and a 1 year high of $29.39. The stock's fifty day moving average is $21.55 and its 200 day moving average is $23.78.
Frontline Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.62 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 12.69%. Frontline's dividend payout ratio is currently 93.23%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. StockNews.com raised Frontline to a "sell" rating in a research note on Thursday, September 5th. BTIG Research upgraded shares of Frontline from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Monday, October 7th. Fearnley Fonds raised Frontline to a "strong-buy" rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group decreased their target price on Frontline from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.26.
Read Our Latest Report on FRO
About Frontline
(
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Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus.
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