TORM (TRMD) Projected to Post Earnings on Thursday

TORM (NASDAQ:TRMD - Get Free Report) is projected to release its earnings data before the market opens on Thursday, March 6th. Analysts expect TORM to post earnings of $0.81 per share and revenue of $269.48 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

TORM Stock Up 0.4 %

TRMD traded up $0.07 during trading hours on Friday, reaching $17.59. 983,472 shares of the stock traded hands, compared to its average volume of 1,162,586. TORM has a fifty-two week low of $17.17 and a fifty-two week high of $40.47. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 2.28 and a beta of 0.21. 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 firm's fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $25.70.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their target price on TORM from $37.00 to $32.00 and set a "buy" rating on the stock in a research 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.