NEW YORK (TheStreet) -- Shares of Frontline Ltd. are down by 8.63% to $2.54 in late afternoon trading on Friday, following yesterday's release of the company's 2014 fourth quarter earnings results which fell short of what analysts were predicting for the period. The Bermuda-based shipping company reported a net loss of 12 cents per share for the most recent quarter, wider than the loss of 4 cents per share analysts had forecast. Frontline said that in the fourth quarter of 2014 and in the first quarter of fiscal 2015 it reduced the outstanding balance on its convertible bond loan, which matures in April 2015. The balance was lowered to $93.4 million from $190 million through bond buybacks and debt equity swaps, the company said. Exclusive Report: Jim Cramer's Best Stocks for 2015 The company said its goal is to rebuild itself into a "leading tanker company." "The continued positive development in the crude tanker market into the first quarter is likely to give an improved operating result (excluding one-time gains and losses) in the first quarter," Frontline said in a statement. Separately, TheStreet Ratings team rates FRONTLINE LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate FRONTLINE LTD (FRO) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share." You can view the full analysis from the report here: FRO Ratings Report FRO data by YCharts
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