Earnings Report: Here’s what to expect from Frontline Stock Forecast, Price & News (NYSE:FRO)

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Earnings results for Frontline Stock Forecast, Price & News (NYSE:FRO)

Frontline Ltd. is estimated to report earnings on 08/25/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.98. The reported EPS for the same quarter last year was $0.02.

Frontline last released its quarterly earnings results on May 20th, 2020. The shipping company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by $0.04. The company earned $288.52 million during the quarter, compared to analyst estimates of $299.09 million. Frontline has generated $0.82 earnings per share over the last year and currently has a price-to-earnings ratio of 6.2. Frontline has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 25th, 2020 based off prior year’s report dates.

Analyst Opinion on Frontline Stock Forecast, Price & News (NYSE:FRO)

7 Wall Street analysts have issued ratings and price targets for Frontline in the last 12 months. Their average twelve-month price target is $11.57, predicting that the stock has a possible upside of 38.56%. The high price target for FRO is $18.00 and the low price target for FRO is $5.92. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Frontline has received a consensus rating of Buy. The company’s average rating score is 2.57, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating. According to analysts’ consensus price target of $11.57, Frontline has a forecasted upside of 38.6% from its current price of $8.35. Frontline has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Frontline Stock Forecast, Price & News (NYSE:FRO)

Frontline is a leading dividend payer. It pays a dividend yield of 33.53%, putting its dividend yield in the top 25% of dividend-paying stocks. Frontline has only been increasing its dividend for 1 years. The dividend payout ratio of Frontline is 341.46%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Frontline will have a dividend payout ratio of 165.68% in the coming year. This indicates that Frontline may not be able to sustain their current dividend.

Insiders buying/selling: Frontline Stock Forecast, Price & News (NYSE:FRO)

In the past three months, Frontline insiders have not sold or bought any company stock. 48.08% of the stock of Frontline is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 25.63% of the stock of Frontline is held by institutions.

Earnings and Valuation of Frontline Stock Forecast, Price & News (NYSE:FRO

Earnings for Frontline are expected to grow by 46.96% in the coming year, from $1.15 to $1.69 per share. The P/E ratio of Frontline is 6.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Frontline is 6.23, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.40. Frontline has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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