Frontline (FRO) to Release Earnings on Friday

Frontline (NYSE:FRO) will likely be announcing its Q1 2025 earnings results before the market opens on Friday, May 23rd. Analysts expect the company to announce earnings of $0.18 per share and revenue of $252.26 million for the quarter.

Frontline (NYSE:FRO) last posted its quarterly earnings data on Friday, February 28th. The shipping company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Frontline had a return on equity of 19.25% and a net margin of 25.64%. The business had revenue of $425.60 million during the quarter, compared to the consensus estimate of $273.16 million. During the same quarter in the prior 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 Stock Performance

Shares of FRO stock opened at $18.00 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.44. The company’s fifty day moving average price is $15.92 and its 200-day moving average price is $16.40. The stock has a market cap of $4.01 billion, a PE ratio of 7.35 and a beta of 0.24. Frontline has a 12 month low of $12.40 and a 12 month high of $29.39.

Frontline Cuts Dividend

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

Institutional Trading of Frontline

A number of hedge funds have recently bought and sold shares of FRO. 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 valued at $2,751,000 after buying an additional 20,370 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Frontline during the first quarter valued at approximately $7,587,000. Hedge funds and other institutional investors own 22.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FRO shares. Kepler Capital Markets set a $12.49 target price on shares of Frontline in a report on Thursday, March 27th. Evercore ISI reduced their price objective on Frontline from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.62.

Frontline Company Profile

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.