Torm (TRMD) to Post Quarterly Earnings on Wednesday

Key Points

• Torm is expected to report Q2 2026 results before the market opens on August 26. Analysts forecast earnings of $3.35 per share on revenue of approximately $510.2 million, with an earnings call scheduled for 9:00 a.m. ET.
• Shares opened at $30.20, down 1.3%, while the stock carries a market capitalization of $3.08 billion and trades at a price-to-earnings ratio of 8.88.
• Analyst sentiment is moderately positive, with a consensus rating of “Moderate Buy” and a $37.00 target price; institutional investors own 73.89% of the company.

Torm (NASDAQ:TRMD - Get Free Report) is projected to post its Q2 2026 results before the market opens on Wednesday, August 26th. Analysts expect the company to post earnings of $3.35 per share and revenue of $510.1910 million for the quarter. Interested persons can check the company's upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, August 26, 2026 at 9:00 AM ET.

Torm Stock Down 1.3%

Shares of NASDAQ TRMD opened at $30.20 on Wednesday. Torm has a 1 year low of $19.30 and a 1 year high of $35.33. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 8.88 and a beta of 0.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.40. The stock's 50-day simple moving average is $29.09 and its 200-day simple moving average is $28.88.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRMD. Evercore reissued an "outperform" rating and issued a $37.00 price target on shares of Torm in a report on Wednesday, July 22nd. Pareto Securities lowered Torm from a "hold" rating to a "hold" rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Torm from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Torm in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Torm currently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Institutional Trading of Torm

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC raised its stake in Torm by 6.7% during the fourth quarter. Virtu Financial LLC now owns 17,170 shares of the company's stock valued at $336,000 after buying an additional 1,076 shares in the last quarter. Invesco Ltd. grew its position in shares of Torm by 16.0% in the 4th quarter. Invesco Ltd. now owns 15,106 shares of the company's stock worth $296,000 after acquiring an additional 2,089 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Torm by 18.8% in the 4th quarter. Mackenzie Financial Corp now owns 54,312 shares of the company's stock worth $1,082,000 after acquiring an additional 8,595 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Torm in the 4th quarter valued at approximately $1,290,000. Finally, Voloridge Investment Management LLC increased its holdings in shares of Torm by 1,134.7% in the 4th quarter. Voloridge Investment Management LLC now owns 128,792 shares of the company's stock valued at $2,522,000 after acquiring an additional 118,361 shares during the last quarter. 73.89% of the stock is owned by institutional investors.

Torm Company Profile

Torm A/S NASDAQ: TRMD is an international shipping company specializing in the transportation of refined petroleum products. The firm owns and operates a modern fleet of product tankers, including both Handysize and MR vessels, which are designed to carry a broad range of clean petroleum cargoes such as gasoline, jet fuel and diesel. Torm's core business revolves around voyage and time-charter contracts with major oil companies, trading houses and other energy sector clients around the world.

The company's fleet is deployed on global trade routes, with particular focus on major refining and consumption regions in Europe, North America and Asia.

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