Frontline (FRO) to Release Quarterly Earnings on Friday

Frontline (NYSE:FRO - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Friday, May 23rd. Analysts expect Frontline to post earnings of $0.18 per share and revenue of $252.26 million for the quarter.

Frontline (NYSE:FRO - Get Free Report) last announced its earnings results on Friday, February 28th. The shipping company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Frontline had a return on equity of 19.25% and a net margin of 25.64%. The firm had revenue of $425.60 million for the quarter, compared to analysts' expectations of $273.16 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. 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 $18.00 on Wednesday. Frontline has a 12 month low of $12.40 and a 12 month high of $29.39. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 7.35 and a beta of 0.24. The stock's 50 day moving average price is $15.92 and its 200 day moving average price is $16.40. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.43 and a quick ratio of 1.43.

Frontline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 4.44%. Frontline's payout ratio is 36.04%.

Institutional Trading of Frontline

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new stake in Frontline during the 1st quarter valued at $7,587,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Frontline by 12.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 185,226 shares of the shipping company's stock valued at $2,751,000 after purchasing an additional 20,370 shares during the period. Finally, Royal Bank of Canada raised its stake in Frontline by 32.3% during the 1st quarter. Royal Bank of Canada now owns 26,342 shares of the shipping company's stock valued at $392,000 after purchasing an additional 6,424 shares during the period. 22.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FRO shares. Kepler Capital Markets set a $12.49 price target on Frontline in a report on Thursday, March 27th. Evercore ISI dropped their price target on Frontline from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Frontline has a consensus rating of "Moderate Buy" and an average price target of $20.62.

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.

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