Frontline (FRO) Projected to Post Quarterly Earnings on Friday

Frontline (NYSE:FRO) is anticipated to issue its quarterly earnings data before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $273.16 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Frontline (NYSE:FRO) last announced its quarterly earnings data on Wednesday, November 27th. The shipping company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). Frontline had a net margin of 25.64% and a return on equity of 19.25%. During the same quarter last year, the business earned $0.36 earnings per share. On average, analysts expect Frontline to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Frontline Price Performance

Shares of NYSE:FRO opened at $15.96 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $3.55 billion and a P/E ratio of 6.52. Frontline has a 12 month low of $13.17 and a 12 month high of $29.39. The company’s fifty day moving average price is $16.37 and its 200 day moving average price is $19.31.

Analyst Upgrades and Downgrades

FRO has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Frontline from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, December 17th. Kepler Capital Markets downgraded shares of Frontline from a “buy” rating to a “hold” rating and set a $15.83 price objective on the stock. in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Frontline has a consensus rating of “Moderate Buy” and an average price target of $24.03.

About Frontline

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.