TORM (NASDAQ:TRMD) Issues Earnings Results

TORM (NASDAQ:TRMD - Get Free Report) announced its quarterly earnings results on Thursday, May 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.02), Zacks reports. The business had revenue of $214.00 million during the quarter, compared to the consensus estimate of $244.25 million. TORM had a net margin of 43.81% and a return on equity of 34.45%. TORM updated its FY 2025 guidance to EPS.

TORM Price Performance

NASDAQ TRMD traded down $0.14 on Thursday, hitting $17.66. 132,142 shares of the company were exchanged, compared to its average volume of 961,704. The firm has a 50 day moving average of $16.62 and a two-hundred day moving average of $19.31. The company has a market cap of $1.66 billion, a P/E ratio of 2.28 and a beta of 0.12. The company has a current ratio of 2.47, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. TORM has a 1-year low of $13.60 and a 1-year high of $40.47.

TORM Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 22nd will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 22nd. TORM's dividend payout ratio (DPR) is 24.47%.

Analyst Ratings Changes

TRMD has been the topic of several analyst reports. Pareto Securities raised shares of TORM from a "hold" rating to a "buy" rating in a report on Wednesday. Evercore ISI lowered their target price on shares of TORM from $25.00 to $23.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Kepler Capital Markets lowered shares of TORM from a "hold" rating to a "strong sell" rating in a report on Thursday, March 27th. Finally, Fearnley Fonds raised shares of TORM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

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.