Frontline Ltd. (FRO) Forecasted to Post Q1 2019 Earnings of $0.05 Per Share

Frontline Ltd. (NYSE:FRO) – Research analysts at Seaport Global Securities issued their Q1 2019 EPS estimates for Frontline in a research note issued to investors on Thursday, according to Zacks Investment Research. Seaport Global Securities analyst M. Fyhr anticipates that the shipping company will post earnings of $0.05 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $7.00 price target on the stock. Seaport Global Securities also issued estimates for Frontline’s Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.07 EPS, Q4 2019 earnings at $0.06 EPS and FY2019 earnings at $0.26 EPS.

Separately, Zacks Investment Research raised Frontline from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.67.

Shares of Frontline (NYSE:FRO) traded up $0.16 during trading hours on Monday, hitting $5.06. The stock had a trading volume of 800,000 shares, compared to its average volume of 852,667. Frontline has a 52-week low of $4.47 and a 52-week high of $7.32. The company has a market capitalization of $6,700.00, a PE ratio of 33.73 and a beta of 1.88. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.22.

Frontline (NYSE:FRO) last released its earnings results on Wednesday, November 22nd. The shipping company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.01). Frontline had a net margin of 0.29% and a return on equity of 1.70%.

Several large investors have recently made changes to their positions in FRO. Voya Investment Management LLC grew its stake in shares of Frontline by 24.4% during the second quarter. Voya Investment Management LLC now owns 32,821 shares of the shipping company’s stock valued at $188,000 after buying an additional 6,432 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Frontline by 110.6% during the third quarter. Legal & General Group Plc now owns 33,815 shares of the shipping company’s stock valued at $204,000 after buying an additional 17,759 shares during the last quarter. Engineers Gate Manager LP grew its stake in shares of Frontline by 243.2% during the third quarter. Engineers Gate Manager LP now owns 36,664 shares of the shipping company’s stock valued at $221,000 after buying an additional 25,981 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Frontline during the third quarter valued at about $244,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Frontline by 17.6% during the second quarter. The Manufacturers Life Insurance Company now owns 59,870 shares of the shipping company’s stock valued at $343,000 after buying an additional 8,958 shares during the last quarter. 13.23% of the stock is currently owned by hedge funds and other institutional investors.

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