Boosted by rising crude oil prices, seaborne transportation leader Frontline (FRO) just generated its largest Q2 profit since 2008. That has FRO stock laying down a direct pipeline to a buy zone, with the company paying a dividend with an eye-popping 18.7% yield on an annualized basis. After posting four quarters of triple-digit or higher EPS growth based on prior-year quarters that showed a loss, the oil transporter continued its rebound in Q1. On Aug. 24, Frontline reported earnings per share of 94 cents, an impressive 327% year-over-year gain. Wall Street forecasts a 74% EPS gain for the full year to $2.77 per share.
Source: Investors.com
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