Toro (NASDAQ:TORO) Releases Quarterly Earnings Results

Key Points

• Toro reported $0.02 earnings per share (EPS) for the quarter, with a net margin of 21.64% and a return on equity of 2.31%.
• The company’s stock traded at $3.25, with a 1-year high of $3.52 and a low of $1.70.
• Toro operates a fleet consisting of one Handysize tanker, one Aframax/LR2 vessel, and four LPG carriers, providing seaborne transportation services worldwide.

Toro (NASDAQ:TORO - Get Free Report) issued its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. Toro had a net margin of 21.64% and a return on equity of 2.31%.

Toro Stock Performance

TORO traded up $0.11 during trading hours on Wednesday, hitting $3.25. 64,144 shares of the company's stock were exchanged, compared to its average volume of 117,171. Toro has a 1-year low of $1.70 and a 1-year high of $3.52. The stock's 50-day moving average is $2.91 and its two-hundred day moving average is $2.43.

Toro Company Profile

Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide. The company operates in three segments: Aframax/LR2 Tanker, Handysize Tanker, and LPG Carrier. As of December 31, 2023, it operated a fleet of one Handysize tanker vessel; one Aframax/LR2 vessel; and four LPG carrier vessels with an aggregate cargo carrying capacity of 0.1 million deadweight ton.

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