Equities analysts expect Frontline Ltd. (NYSE:FRO) to post sales of $90.90 million for the current quarter, according to Zacks. Two analysts have issued estimates for Frontline’s earnings, with the lowest sales estimate coming in at $88.40 million and the highest estimate coming in at $93.40 million. Frontline reported sales of $128.15 million during the same quarter last year, which indicates a negative year-over-year growth rate of 29.1%. The company is expected to issue its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Frontline will report full-year sales of $90.90 million for the current year, with estimates ranging from $363.50 million to $406.97 million. For the next fiscal year, analysts forecast that the firm will post sales of $434.13 million per share, with estimates ranging from $396.30 million to $484.10 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Frontline.
Several equities research analysts have recently issued reports on FRO shares. Credit Suisse Group reissued a “neutral” rating on shares of Frontline in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of Frontline from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Finally, BidaskClub downgraded shares of Frontline from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.00.
A number of institutional investors have recently added to or reduced their stakes in FRO. Legal & General Group Plc increased its stake in Frontline by 3.8% during the 1st quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after buying an additional 581 shares during the period. Aperio Group LLC acquired a new position in shares of Frontline in the second quarter worth about $124,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Frontline by 72.3% in the first quarter. Parametric Portfolio Associates LLC now owns 26,537 shares of the shipping company’s stock worth $179,000 after buying an additional 11,133 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Frontline in the second quarter worth about $182,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Frontline by 24.4% in the second quarter. Voya Investment Management LLC now owns 32,821 shares of the shipping company’s stock worth $188,000 after buying an additional 6,432 shares during the period. 13.24% of the stock is currently owned by hedge funds and other institutional investors.
Frontline (NYSE:FRO) opened at $4.86 on Thursday. Frontline has a 52-week low of $4.85 and a 52-week high of $7.83. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $6,860.00, a P/E ratio of 31.44 and a beta of 1.88.
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Frontline Company Profile
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