$-0.03 EPS Expected for Frontline Ltd. (FRO)

August 24, 2017 – By Louis Casey

Analysts await Frontline Ltd. (NYSE:FRO) to report earnings on August, 30. They expect $-0.03 earnings per share, down 109.68 % or $0.34 from last year’s $0.31 per share. After $0.16 actual earnings per share reported by Frontline Ltd. for the previous quarter, Wall Street now forecasts -118.75 % negative EPS growth. The stock increased 4.42% or $0.23 during the last trading session, reaching $5.43. About 20 shares traded. Frontline Ltd. (NYSE:FRO) has declined 16.06% since August 24, 2016 and is downtrending. It has underperformed by 32.76% the S&P500.

Frontline Ltd. (NYSE:FRO) Ratings Coverage

Among 8 analysts covering Frontline Ltd. (NYSE:FRO), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Frontline Ltd. had 11 analyst reports since November 25, 2015 according to SRatingsIntel. The rating was upgraded by Clarkson Capital to “Buy” on Tuesday, February 16. As per Monday, January 4, the company rating was maintained by Deutsche Bank. The company was upgraded on Wednesday, May 31 by Seaport Global. Evercore downgraded the shares of FRO in report on Friday, July 21 to “Underperform” rating. The firm has “Buy” rating given on Thursday, December 17 by Seaport Global Securities. The firm has “Neutral” rating by Seaport Global given on Wednesday, May 4. As per Wednesday, November 25, the company rating was upgraded by Credit Suisse. The firm has “Buy” rating given on Wednesday, January 13 by DNB Markets. The company was upgraded on Tuesday, February 9 by Clarkson Capital. The stock of Frontline Ltd. (NYSE:FRO) has “Buy” rating given on Thursday, January 14 by Nordea.

Frontline Ltd. is a shipping company. The company has market cap of $7.34 billion. The Firm is engaged in the seaborne transportation of crude oil and oil products. It has a 1.74 P/E ratio. The Company’s tankers segment includes crude oil tankers and product tankers.

Another recent and important Frontline Ltd. (NYSE:FRO) news was published by Nasdaq.com which published an article titled: “Is Frontline Ltd. (FRO) a Great Stock for Value Investors?” on August 17, 2017.