Equities research analysts predict that Frontline Ltd (NYSE:FRO) will post $0.17 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Frontline’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.21. Frontline reported earnings of $0.03 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 466.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Frontline will report full-year earnings of ($0.12) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.08). For the next financial year, analysts anticipate that the business will post earnings of $0.34 per share, with EPS estimates ranging from ($0.13) to $0.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Frontline.

Frontline (NYSE:FRO) last announced its quarterly earnings data on Friday, November 16th. The shipping company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.08. The firm had revenue of $89.21 million during the quarter, compared to analyst estimates of $79.90 million. Frontline had a negative return on equity of 3.87% and a negative net margin of 40.17%. During the same period in the previous year, the company earned ($0.08) earnings per share.

Several analysts recently weighed in on FRO shares. Zacks Investment Research lowered Frontline from a “strong-buy” rating to a “hold” rating in a report on Friday, January 4th. DNB Markets lowered Frontline from a “buy” rating to a “hold” rating and set a $7.30 price objective for the company. in a report on Sunday, December 9th. Wells Fargo & Co lowered Frontline from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $7.00 to $5.50 in a report on Thursday, January 10th. ValuEngine raised Frontline from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Danske raised Frontline from a “sell” rating to a “buy” rating in a report on Thursday, November 15th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.43.

Frontline stock traded up $0.13 during midday trading on Monday, hitting $5.03. The stock had a trading volume of 422,960 shares, compared to its average volume of 374,404. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.55. The firm has a market cap of $832.02 million, a P/E ratio of -167.67 and a beta of 0.95. Frontline has a 12 month low of $3.80 and a 12 month high of $8.33.

Large investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Frontline during the fourth quarter valued at approximately $81,000. Paloma Partners Management Co bought a new position in shares of Frontline during the third quarter valued at approximately $106,000. Macquarie Group Ltd. bought a new position in shares of Frontline during the third quarter valued at approximately $114,000. Trexquant Investment LP bought a new position in shares of Frontline during the third quarter valued at approximately $129,000. Finally, Panagora Asset Management Inc. grew its holdings in shares of Frontline by 38,407.0% during the third quarter. Panagora Asset Management Inc. now owns 38,507 shares of the shipping company’s stock valued at $224,000 after purchasing an additional 38,407 shares during the last quarter. 16.28% of the stock is owned by institutional investors.

About Frontline

Frontline Ltd. is an international shipping company, which engages in the ownership and operation of oil and product tankers. It also offers the seaborne transportation of crude oil and oil products. The company was founded in 1985 and is headquartered in Hamilton, Bermuda.

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