Frontline Ltd (NYSE:FRO) declared a — dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.10 per share by the shipping company on Friday, December 20th. The ex-dividend date is Tuesday, December 10th.
NYSE FRO opened at $11.19 on Monday. The company’s 50 day simple moving average is $10.57 and its two-hundred day simple moving average is $8.91. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.44 and a quick ratio of 1.44. Frontline has a 1 year low of $4.82 and a 1 year high of $11.91. The stock has a market capitalization of $2.14 billion, a PE ratio of -79.93, a P/E/G ratio of 2.68 and a beta of 0.98.
Frontline (NYSE:FRO) last released its quarterly earnings results on Wednesday, November 27th. The shipping company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The firm had revenue of $187.64 million for the quarter, compared to analysts’ expectations of $106.40 million. Frontline had a net margin of 6.76% and a return on equity of 5.56%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, research analysts anticipate that Frontline will post 0.84 EPS for the current year.
Several equities research analysts recently issued reports on the company. Nordea Equity Research raised Frontline from a “sell” rating to a “buy” rating in a research note on Wednesday, August 28th. Zacks Investment Research upgraded shares of Frontline from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, September 18th. BTIG Research increased their target price on Frontline from $12.00 to $18.00 in a research note on Tuesday, November 5th. ValuEngine raised Frontline from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Evercore ISI upgraded Frontline from an “in-line” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $10.11.
Frontline Company Profile
Frontline Ltd., 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, 2018, the company's fleet consisted of 61 vessels, which included very large crude carrier, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 11.6 million deadweight ton.
Further Reading: Why is the Consumer Price Index (CPI) important?
Receive News & Ratings for Frontline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline and related companies with MarketBeat.com's FREE daily email newsletter.