As of close of business last night, Frontline Plc’s stock clocked out at $22.32, down -3.67% from its previous closing price of $23.17. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 1650077 shares were traded.
Ratios:
To gain a deeper understanding of FRO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on January 09, 2024, Upgraded its rating to Buy and sets its target price to $26 from $17 previously.
On August 25, 2023, Deutsche Bank Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $17.
On August 15, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $20.JP Morgan initiated its Neutral rating on August 15, 2023, with a $20 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FRO now has a Market Capitalization of 4.97B and an Enterprise Value of 6.71B. Its current Enterprise Value per Revenue stands at 3.50 whereas that against EBITDA is 7.15.
Stock Price History:
Over the past 52 weeks, FRO has reached a high of $24.53, while it has fallen to a 52-week low of $13.35. The 50-Day Moving Average of the stock is 21.77, while the 200-Day Moving Average is calculated to be 18.66.
Shares Statistics:
It appears that FRO traded 2.79M shares on average per day over the past three months and 2.26M shares per day over the past ten days. A total of 222.62M shares are outstanding, with a floating share count of 143.15M. Insiders hold about 35.70% of the company’s shares, while institutions hold 25.25% stake in the company. Shares short for FRO as of Jan 31, 2024 were 6.14M with a Short Ratio of 2.20, compared to 3.96M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.76% and a Short% of Float of 4.29%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.57, FRO has a forward annual dividend rate of 2.87. Against a Trailing Annual Dividend Yield of 11.09%, it implies a Forward Annual Dividend Yield of 12.86%. The stock’s 5-year Average Dividend Yield is 11.48. The current Payout Ratio is 6.75% for FRO, which recently paid a dividend on Dec 29, 2023 with an ex-dividend date of Dec 14, 2023. Stock splits for the company last occurred on Feb 04, 2016 when the company split stock in a 1:5 ratio.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.59 and a low estimate of $0.36, while EPS last year was $0.97. The consensus estimate for the next quarter is $0.73, with high estimates of $0.86 and low estimates of $0.54.
Analysts are recommending an EPS of between $2.76 and $2.53 for the fiscal current year, implying an average EPS of $2.66. EPS for the following year is $3.44, with 10 analysts recommending between $4.67 and $2.23.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $270.06M. It ranges from a high estimate of $289M to a low estimate of $251M. As of the current estimate, Frontline Plc’s year-ago sales were $530.14M, an estimated decrease of -49.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $392M, an increase of 16.20% over than the figure of -$49.10% in the same quarter last year. There is a high estimate of $438M for the next quarter, whereas the lowest estimate is $346M.
A total of 9 analysts have provided revenue estimates for FRO’s current fiscal year. The highest revenue estimate was $1.24B, while the lowest revenue estimate was $1.18B, resulting in an average revenue estimate of $1.21B. In the same quarter a year ago, actual revenue was $1.43B, down -15.70% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.77B in the next fiscal year. The high estimate is $2.69B and the low estimate is $1.46B. The average revenue growth estimate for next year is up 47.10% from the average revenue estimate for this year.
