Brokerages expect that Frontline Ltd. (NYSE:FRO) will report earnings per share of ($0.06) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Frontline’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.09). Frontline reported earnings per share of $0.22 during the same quarter last year, which suggests a negative year-over-year growth rate of 127.3%. The company is expected to announce its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Frontline will report full-year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to ($0.10). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.23) to $0.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Frontline.

FRO has been the subject of a number of recent research reports. Zacks Investment Research cut Frontline from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. BidaskClub raised Frontline from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Frontline in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.00.

Shares of Frontline (FRO) traded down $0.09 on Tuesday, reaching $5.19. The company’s stock had a trading volume of 619,300 shares, compared to its average volume of 767,587. Frontline has a fifty-two week low of $4.87 and a fifty-two week high of $7.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.22. The firm has a market cap of $7,180.00, a PE ratio of 33.00 and a beta of 1.88.

Several hedge funds have recently modified their holdings of FRO. Parametric Portfolio Associates LLC increased its stake in shares of Frontline by 72.3% in the first quarter. Parametric Portfolio Associates LLC now owns 26,537 shares of the shipping company’s stock valued at $179,000 after buying an additional 11,133 shares during the period. Teachers Advisors LLC increased its stake in shares of Frontline by 6.8% in the first quarter. Teachers Advisors LLC now owns 114,881 shares of the shipping company’s stock valued at $774,000 after buying an additional 7,266 shares during the period. Legal & General Group Plc increased its stake in shares of Frontline by 3.8% in the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after buying an additional 581 shares during the period. KCG Holdings Inc. increased its stake in shares of Frontline by 40.3% in the first quarter. KCG Holdings Inc. now owns 25,073 shares of the shipping company’s stock valued at $169,000 after buying an additional 7,205 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Frontline by 20.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 121,763 shares of the shipping company’s stock valued at $821,000 after buying an additional 20,900 shares during the period. 13.24% of the stock is owned by institutional investors.

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Earnings History and Estimates for Frontline (NYSE:FRO)

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