50% OFF
MarketBeat All Access
Get 30 days free. Save 50% your first year.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)
S&P 500   3,655.04 (-1.03%)
DOW   29,260.81 (-1.11%)
QQQ   274.37 (-0.41%)
AAPL   150.77 (+0.23%)
MSFT   237.45 (-0.20%)
META   136.37 (-2.88%)
GOOGL   98.17 (-0.58%)
AMZN   115.15 (+1.20%)
TSLA   276.01 (+0.25%)
NVDA   122.28 (-2.30%)
NIO   17.62 (-0.11%)
BABA   78.91 (+0.14%)
AMD   66.30 (-2.44%)
T   15.67 (-2.12%)
MU   48.88 (-2.44%)
CGC   2.74 (-3.52%)
F   11.99 (-2.60%)
GE   64.35 (-0.31%)
DIS   98.12 (-1.39%)
AMC   6.83 (-14.52%)
PYPL   84.26 (-3.12%)
PFE   43.83 (-0.57%)
NFLX   224.07 (-1.03%)
NASDAQ:TRMD

TORM - TRMD Stock Forecast, Price & News

$19.43
+0.54 (+2.86%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$19.01
$20.02
50-Day Range
$14.14
$22.60
52-Week Range
$6.17
$23.00
Volume
329,014 shs
Average Volume
329,691 shs
Market Capitalization
$1.58 billion
P/E Ratio
17.04
Dividend Yield
2.22%
Price Target
$20.50

TORM MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.5% Upside
$20.50 Price Target
Short Interest
Healthy
0.49% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Transportation Sector

94th out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

26th out of 31 stocks

TRMD stock logo

About TORM (NASDAQ:TRMD) Stock

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.

Receive TRMD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for TORM and its competitors with MarketBeat's FREE daily newsletter.

TRMD Stock News Headlines

TORM - The Little Ship That Could - Seeking Alpha
Cash Dividend On The Way From TORM - Nasdaq
TORM Q2 2022 Earnings Preview - Seeking Alpha
TORM plc (TRMD)
See More Headlines
Receive TRMD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for TORM and its competitors with MarketBeat's FREE daily newsletter.

TRMD Company Calendar

Last Earnings
8/18/2022
Ex-Dividend for 9/16 Dividend
8/31/2022
Dividend Payable
9/16/2022
Today
9/26/2022
Next Earnings (Estimated)
11/09/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:TRMD
Fax
N/A
Employees
439
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.50
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+5.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-42,090,000.00
Pretax Margin
10.72%

Debt

Sales & Book Value

Annual Sales
$619.50 million
Cash Flow
$1.23 per share
Book Value
$14.17 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.58 billion
Optionable
Not Optionable
Beta
-236.29

Key Executives

  • Mr. Jacob Balslev Meldgaard (Age 54)
    CEO & Exec. Director
    Comp: $2.45M
  • Mr. Kim Balle (Age 54)
    Chief Financial Officer
  • Mr. Jesper Sondergaard Jensen (Age 53)
    Sr. VP & Head of Technical Division
  • Andreas Abildgaard-Hein
    VP, Head of Group Treasury & Investor Relations
  • Mr. Lars Vang Christensen (Age 56)
    Sr. VP & Head of Projects
  • Mr. Morten Agdrup
    VP and Head of Corp. Fin. & Strategy













TRMD Stock - Frequently Asked Questions

Should I buy or sell TORM stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TORM in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TRMD shares.
View TRMD analyst ratings
or view top-rated stocks.

What is TORM's stock price forecast for 2022?

2 brokers have issued 1 year price objectives for TORM's stock. Their TRMD share price forecasts range from $16.00 to $25.00. On average, they anticipate the company's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
View analysts price targets for TRMD
or view top-rated stocks among Wall Street analysts.

How have TRMD shares performed in 2022?

TORM's stock was trading at $7.96 at the start of the year. Since then, TRMD shares have increased by 137.3% and is now trading at $18.89.
View the best growth stocks for 2022 here
.

When is TORM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our TRMD earnings forecast
.

How were TORM's earnings last quarter?

TORM plc (NASDAQ:TRMD) released its earnings results on Thursday, August, 18th. The company reported $1.31 EPS for the quarter. The firm had revenue of $338.50 million for the quarter. TORM had a trailing twelve-month return on equity of 8.53% and a net margin of 10.54%.

How often does TORM pay dividends? What is the dividend yield for TORM?

TORM declared a -- dividend on Friday, August 19th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.58 per share on Friday, September 16th. The ex-dividend date is Wednesday, August 31st. This is a positive change from the stock's previous -- dividend of $0.10.
Read our dividend analysis for TRMD
.

Is TORM a good dividend stock?

TORM (NASDAQ:TRMD) pays an annual dividend of $0.42 per share and currently has a dividend yield of 2.22%. The dividend payout ratio is 36.84%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TRMD.

What other stocks do shareholders of TORM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TORM investors own include Gilead Sciences (GILD), Inovio Pharmaceuticals (INO), Frontline (FRO), Intel (INTC), Pfizer (PFE), Sanofi (SNY), Micron Technology (MU), Novavax (NVAX), BioNTech (BNTX) and Carnival Co. & (CCL).

What is TORM's stock symbol?

TORM trades on the NASDAQ under the ticker symbol "TRMD."

Who are TORM's major shareholders?

TORM's stock is owned by a variety of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (1.17%), Renaissance Technologies LLC (0.59%), Millennium Management LLC (0.58%), Citadel Advisors LLC (0.49%), Quaero Capital S.A. (0.00%) and Goldman Sachs Group Inc. (0.37%).

How do I buy shares of TORM?

Shares of TRMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TORM's stock price today?

One share of TRMD stock can currently be purchased for approximately $18.89.

How much money does TORM make?

TORM (NASDAQ:TRMD) has a market capitalization of $1.54 billion and generates $619.50 million in revenue each year. The company earns $-42,090,000.00 in net income (profit) each year or $1.14 on an earnings per share basis.

How many employees does TORM have?

The company employs 439 workers across the globe.

How can I contact TORM?

TORM's mailing address is BIRCHIN COURT 20 BIRCHIN LANE, LONDON X0, EC3V 9DU. The official website for the company is www.torm.com. The company can be reached via phone at (443) 917-9200 or via email at ir@torm.com.

This page (NASDAQ:TRMD) was last updated on 9/26/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.