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After finishing at $17.70 in the prior trading day, Frontline Plc (NYSE: FRO) closed at $17.18, down -2.94%. In other words, the price has decreased by -$2.94 from its previous closing price. On the day, 2.76 million 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 0.99 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 1.60 whereas as Long-Term Debt/Eq ratio is at 1.40.
On October 07, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $30.
Jefferies Upgraded its Hold to Buy on March 21, 2024, whereas the target price for the stock was revised from $22 to $30.
Valuation Measures:
As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.72, and their Forward P/E ratio for the next fiscal year is 5.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 1.63.
Stock Price History:
Over the past 52 weeks, FRO has reached a high of $29.39, while it has fallen to a 52-week low of $12.40. The 50-Day Moving Average of the stock is 6.87%, while the 200-Day Moving Average is calculated to be -7.01%.
Shares 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 25.53% stake in the company.
Earnings Estimates
Currently, 5.0 analysts are dedicated to thoroughly evaluating and rating the performance of Frontline Plc (FRO) in the stock market.The consensus estimate for the next quarter is $0.54, with high estimates of $0.71 and low estimates of $0.4.
Analysts are recommending an EPS of between $2.2 and $1.63 for the fiscal current year, implying an average EPS of $1.99. EPS for the following year is $2.35, with 5.0 analysts recommending between $3.19 and $1.5.
Revenue Estimates
3 analysts predict $252.26M in revenue for the current quarter. It ranges from a high estimate of $263.1M to a low estimate of $245.86M. As of the current estimate, Frontline Plc’s year-ago sales were $371.21MFor the next quarter, 3 analysts are estimating revenue of $320.36M. There is a high estimate of $335.28M for the next quarter, whereas the lowest estimate is $304.8M.
A total of 4 analysts have provided revenue estimates for FRO’s current fiscal year. The highest revenue estimate was $1.38B, while the lowest revenue estimate was $1.27B, resulting in an average revenue estimate of $1.32B. In the same quarter a year ago, actual revenue was $1.28BBased on 4 analysts’ estimates, the company’s revenue will be $1.45B in the next fiscal year. The high estimate is $1.57B and the low estimate is $1.34B.
