Frontline slips 4% as Q1 adjusted EPS falls short of expectations despite hefty dividend

Frontline plc (FRO) is down 4.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Frontline’s first-quarter earnings release, where underlying (adjusted) earnings per share came in below the level investors were positioned for, even though results were strong in absolute terms. Traders may also be discounting management’s comment that second-quarter spot TCEs could land below the rates already booked, implying some near-term normalization after an unusually strong quarter.

Details:

Frontline reported first-quarter profit of $559.1 million ($2.51 per share) and adjusted profit of $344.9 million ($1.55 per share).

The company declared a cash dividend of $1.55 per share for the quarter, signaling substantial near-term cash generation.

Consensus-focused market coverage highlighted adjusted EPS of $1.55 versus an analyst consensus around $2.25, framing the quarter as an earnings miss despite strong revenue.

Frontline noted it expects full second-quarter spot TCEs to be lower than the spot TCEs currently contracted due to the impact of ballast days, which can reduce realized earnings versus headline booked rates.

Sources:

Frontline plc (press release), Investing.com, Quartr

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FRO Hedge Fund Activity

We have seen 155 institutional investors add shares of $FRO stock to their portfolio, and 92 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 5,662,172 shares (+4659.9%) to their portfolio in Q1 2026, for an estimated $197,383,315
TWO SIGMA INVESTMENTS, LP added 2,389,275 shares (+310.5%) to their portfolio in Q1 2026, for an estimated $83,290,126
BARCLAYS PLC added 1,700,816 shares (+205.8%) to their portfolio in Q1 2026, for an estimated $59,290,445
BALYASNY ASSET MANAGEMENT L.P. removed 1,396,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $48,664,560
UBS GROUP AG added 1,101,020 shares (+78.0%) to their portfolio in Q1 2026, for an estimated $38,381,557
VOLORIDGE INVESTMENT MANAGEMENT, LLC added 1,067,154 shares (+148.5%) to their portfolio in Q1 2026, for an estimated $37,200,988
CITADEL ADVISORS LLC removed 985,409 shares (-46.6%) from their portfolio in Q1 2026, for an estimated $34,351,357

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FRO Government Contracts

We have seen $18,022,508 of award payments to $FRO over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

BASOPS O&M: $12,417,089
THE CONTRACTOR SHALL PROVIDE ALL DESIGN, LABOR, TOOLS, EQUIPMENT, AND MATERIALS TO PREPARE THE SITES FOR OF...: $1,498,644
AIR BASE DORMITORY FACILITY MAINTENANCE SERVICES: $434,044
PROVIDE ALL LABOR AND MATERIALS NECESSARY TO ENSURE MAINTENANCE AND CLEANING SERVICES ARE PERFORMED IAW THE...: $126,581

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$FRO Analyst Ratings

Wall Street analysts have issued reports on $FRO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 02/04/2026

To track analyst ratings and price targets for $FRO, check out Quiver Quantitative's $FRO forecast page.

$FRO Price Targets

Multiple analysts have issued price targets for $FRO recently. We have seen 2 analysts offer price targets for $FRO in the last 6 months, with a median target of $41.5.

Here are some recent targets:

Gregory Lewis from BTIG set a target price of $45.0 on 04/22/2026
Jonathan Chappell from Evercore ISI Group set a target price of $38.0 on 04/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.