$90.90 Million in Sales Expected for Frontline Ltd. (FRO) This Quarter
Equities analysts expect Frontline Ltd. (NYSE:FRO) to post sales of $90.90 million for the current quarter, according to Zacks. Two analysts have issued estimates for Frontline’s earnings, with the lowest sales estimate coming in at $88.40 million and the highest estimate coming in at $93.40 million. Frontline reported sales of $128.15 million during the same quarter last year, which indicates a negative year-over-year growth rate of 29.1%. The company is expected to issue its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Frontline will report full-year sales of $90.90 million for the current year, with estimates ranging from $363.50 million to $406.97 million. For the next fiscal year, analysts forecast that the firm will post sales of $434.13 million per share, with estimates ranging from $396.30 million to $484.10 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Frontline.
Several equities research analysts have recently issued reports on FRO shares. Credit Suisse Group reissued a “neutral” rating on shares of Frontline in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of Frontline from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Finally, BidaskClub downgraded shares of Frontline from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.00.
Frontline (NYSE:FRO) opened at $4.86 on Thursday. Frontline has a 52-week low of $4.85 and a 52-week high of $7.83. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $6,860.00, a P/E ratio of 31.44 and a beta of 1.88.
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Frontline Company Profile
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