Earnings and Growth Analysis : Frontline Stock Forecast, Price & News (NYSE:FRO)

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

Frontline Ltd. is expected* to report earnings on 08/27/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. 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 announced its earnings results on May 20th, 2020. The shipping company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $288.52 million for the quarter, compared to the consensus estimate 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 confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

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 39.90%. 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 39.9% from its current price of $8.27. Frontline has only been the subject of 2 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 33.45%, 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 6.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.25. The P/E ratio of Frontline is 6.17, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 19.01. Frontline has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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