In the latest session, Frontline Plc (NYSE: FRO) closed at $22.64 down -2.54% from its previous closing price of $23.23. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 2030053 shares were traded.
Ratios:
For a deeper understanding of Frontline Plc’s stock, let’s take a closer look at its various 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, 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 5.04B and an Enterprise Value of 6.78B. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.68, and their Forward P/E ratio for the next fiscal year is 6.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.80 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 3.54 whereas that against EBITDA is 7.23.
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 22.63, while the 200-Day Moving Average is calculated to be 19.38.
Shares Statistics:
For the past three months, FRO has traded an average of 2.39M shares per day and 1.91M 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 25.76% stake in the company. Shares short for FRO as of Feb 29, 2024 were 6.1M with a Short Ratio of 2.55, compared to 6.14M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.74% and a Short% of Float of 4.27%.
Dividends & Splits
According to the company, the forward annual dividend rate for FRO is 2.17, from 2.17 in the trailing year. Against a Trailing Annual Dividend Yield of 9.34%, it implies a Forward Annual Dividend Yield of 9.58%. 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 04, 2016 when the company split stock in a 1:5 ratio.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.75 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 $3.83 and $2.28 for the fiscal current year, implying an average EPS of $3.19. EPS for the following year is $3.75, with 10 analysts recommending between $6.18 and $2.26.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $453.07M this 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.
