Frontline Plc (FRO)’s financial ratios: A comprehensive overview

After finishing at $23.06 in the prior trading day, Frontline Plc (NYSE: FRO) closed at $23.10, up 0.17%. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 1316067 shares were traded.

Ratios:

Our goal is to gain a better understanding of FRO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 1.52 whereas as Long-Term Debt/Eq ratio is at 1.40.

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, Jefferies on March 21, 2024, Upgraded its rating to Buy and sets its target price to $30 from $22 previously.

On January 09, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $17 to $26.

Deutsche Bank Downgraded its Buy to Hold on August 25, 2023, while the target price for the stock was maintained at $17.

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 5.13B and an Enterprise Value of 6.88B. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.83, and their Forward P/E ratio for the next fiscal year is 6.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 2.26. Its current Enterprise Value per Revenue stands at 3.59 whereas that against EBITDA is 7.33.

Stock Price History:

The Beta on a monthly basis for FRO is 0.08, which has changed by 47.51% over the last 52 weeks, in comparison to a change of 24.47% over the same period for the S&P500. 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 23.05, while the 200-Day Moving Average is calculated to be 19.99.

Shares Statistics:

The stock has traded on average 2.17M shares per day over the past 3-months and 1.42M shares per day over the last 10 days, according to various share statistics. 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 25.85% stake in the company. Shares short for FRO as of Mar 28, 2024 were 7.05M with a Short Ratio of 3.26, compared to 6.1M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.17% and a Short% of Float of 4.93%.

Dividends & Splits

In the trailing 12 months, FRO’s forward annual dividend rate was 2.17, compared to 2.17 this year. Against a Trailing Annual Dividend Yield of 9.41%, it implies a Forward Annual Dividend Yield of 9.39%. The stock’s 5-year Average Dividend Yield is 11.48. The current Payout Ratio is 97.33% for FRO, which recently paid a dividend on Mar 27, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Feb 03, 2016 when the company split stock in a 1:5 ratio.

Earnings Estimates

Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.77 for the current quarter, with a high estimate of $0.84 and a low estimate of $0.67, while EPS last year was $0.87. The consensus estimate for the next quarter is $0.55, with high estimates of $0.76 and low estimates of $0.26.

Analysts are recommending an EPS of between $4 and $2.28 for the fiscal current year, implying an average EPS of $3.26. EPS for the following year is $3.76, with 10 analysts recommending between $6.18 and $2.26.

Revenue Estimates

7 analysts predict $453.07M in revenue for the current quarter. It ranges from a high estimate of $605.2M to a low estimate of $358.3M. As of the current estimate, Frontline Plc’s year-ago sales were $497.33M, an estimated decrease of -8.90% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $382.84M, a decrease of -25.30% less than the figure of -$8.90% in the same quarter last year. There is a high estimate of $493.6M for the next quarter, whereas the lowest estimate is $297M.

A total of 11 analysts have provided revenue estimates for FRO’s current fiscal year. The highest revenue estimate was $2.65B, while the lowest revenue estimate was $1.39B, resulting in an average revenue estimate of $1.84B. In the same quarter a year ago, actual revenue was $1.8B, up 1.90% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.89B in the next fiscal year. The high estimate is $2.53B and the low estimate is $1.49B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.

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