TORM (TRMD) Set to Announce Quarterly Earnings on Thursday

TORM (NASDAQ:TRMD) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect TORM to post earnings of $1.38 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

TORM (NASDAQ:TRMD) last released its quarterly earnings results on Thursday, August 15th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.03. The business had revenue of $437.70 million during the quarter, compared to the consensus estimate of $325.38 million. TORM had a return on equity of 36.06% and a net margin of 43.81%. During the same period in the previous year, the company posted $2.14 EPS. On average, analysts expect TORM to post $7 EPS for the current fiscal year and $5 EPS for the next fiscal year.

TORM Stock Down 0.8 %

TRMD stock opened at $26.10 on Thursday. TORM has a fifty-two week low of $25.47 and a fifty-two week high of $40.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.18 and a quick ratio of 2.94. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 3.35 and a beta of 0.24. The business’s fifty day moving average price is $32.99 and its two-hundred day moving average price is $35.40.

TORM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Thursday, August 29th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 27.59%. This is a positive change from TORM’s previous quarterly dividend of $1.50. The ex-dividend date was Thursday, August 29th. TORM’s dividend payout ratio (DPR) is currently 67.31%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TRMD. Fearnley Fonds raised shares of TORM to a “hold” rating in a report on Friday, September 27th. Evercore ISI boosted their price target on TORM from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd.

About TORM

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.