Frontline (FRO) Expected to Announce Earnings on Friday

Frontline (NYSE:FRO - Get Free Report) is projected to post its Q1 2025 quarterly earnings results 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 posted its earnings results on Friday, May 23rd. The shipping company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $427.87 million during the quarter, compared to analysts' expectations of $252.26 million. Frontline had a net margin of 25.64% and a return on equity of 19.25%. Frontline's quarterly revenue was down 26.0% on a year-over-year basis. During the same period last year, the company posted $0.62 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

NYSE FRO traded up $1.18 on Monday, reaching $18.36. The company had a trading volume of 4,698,357 shares, compared to its average volume of 2,490,521. The stock has a market capitalization of $4.09 billion, a PE ratio of 7.49 and a beta of 0.24. Frontline has a 12 month low of $12.40 and a 12 month high of $29.39. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.44. The firm's 50 day moving average price is $16.05 and its 200 day moving average price is $16.35.

Frontline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 4.36%. Frontline's dividend payout ratio (DPR) is 36.04%.

Institutional Trading of Frontline

Several hedge funds have recently made changes to their positions in FRO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Frontline by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 185,226 shares of the shipping company's stock worth $2,751,000 after acquiring an additional 20,370 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Frontline in the 1st quarter worth approximately $7,587,000. Finally, Royal Bank of Canada increased its position in shares of 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 last quarter. 22.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FRO has been the subject of a number of research reports. Kepler Capital Markets set a $12.49 price target on Frontline in a research note on Thursday, March 27th. Evercore ISI reduced their price objective on Frontline from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.