TORM (NASDAQ:TRMD – Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.81 per share and revenue of $269.48 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
TORM Stock Down 0.5 %
Shares of NASDAQ TRMD opened at $18.81 on Thursday. TORM has a one year low of $17.77 and a one year high of $40.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24. The business’s fifty day moving average price is $19.95 and its 200-day moving average price is $25.98. The stock has a market capitalization of $1.77 billion, a PE ratio of 2.43 and a beta of 0.21.
Analyst Ratings Changes
Separately, Jefferies Financial Group dropped their price objective on TORM from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.
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.
Further Reading
- Five stocks we like better than TORM
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Buffett’s on the Sidelines – Should You Follow?
- Basic Materials Stocks Investing
- AST SpaceMobile Stock Surges 17% After Analyst Upgrade
- Where to Find Earnings Call Transcripts
- 3 Stocks With Triple-Digit PEs That Are Still Worth a Look
Receive News & Ratings for TORM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORM and related companies with MarketBeat.com's FREE daily email newsletter.
