Frontline plc (NYSE: FRO) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.53 versus $1.08 for the same period a year ago — a decline of -51%. However, this performance was $0.06 better than the consensus estimate of $0.47. For the latest four quarters through December 31, E.P.S. were $2.95 versus $2.22 for the same period a year ago — an increase of 33%.
Recent Price Action
Frontline plc (NYSE: FRO) stock closed at $22.53 on 2/29/24 after a slight decline of -0.9%. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
FRO’s future returns on capital are forecasted to be above 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Frontline plc has a good Appreciation Score of 81 and a very high Power Rating of 99, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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