Frontline plc (NYSE: FRO) has reported E.P.S. of $0.84 for its second fiscal quarter (ending June 30) versus $1.04 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.66 versus $3.71 for the same period a year ago.
Recent Price Action
Frontline plc (NYSE: FRO) stock closed at $24.14 on 8/30/24 after a large increase of 3.5%. Moreover, unusually high trading volume at 186% of normal accompanied the advance. The stock has risen 1.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FRO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Frontline plc has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Frontline plc has a good Appreciation Score of 78 and a good Power Rating of 78, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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