TORM (TRMD) Set to Announce Earnings on Thursday

TORM (NASDAQ:TRMD) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect TORM to post earnings of $1.38 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

TORM (NASDAQ:TRMD) last issued its earnings results on Thursday, August 15th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.99 by $0.03. The company had revenue of $437.70 million for the quarter, compared to the consensus estimate of $325.38 million. TORM had a net margin of 43.81% and a return on equity of 36.06%. During the same period in the previous year, the firm earned $2.14 earnings per share. On average, analysts expect TORM to post $7 EPS for the current fiscal year and $5 EPS for the next fiscal year.

TORM Stock Performance

Shares of TORM stock opened at $25.49 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.18 and a quick ratio of 2.94. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 3.27 and a beta of 0.27. The firm’s 50-day moving average is $32.25 and its 200 day moving average is $35.27. TORM has a 1 year low of $25.22 and a 1 year high of $40.47.

TORM Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Thursday, August 29th were paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 28.25%. The ex-dividend date was Thursday, August 29th. This is a boost from TORM’s previous quarterly dividend of $1.50. TORM’s dividend payout ratio is 67.31%.

Analysts Set New Price Targets

A number of research firms recently commented on TRMD. Fearnley Fonds raised TORM to a “hold” rating in a report on Friday, September 27th. Evercore ISI lifted their price objective on TORM from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd.

TORM Company Profile

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.