TORM (NASDAQ:TRMD – Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce 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 – Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. The firm had revenue of $437.70 million during the quarter, compared to analysts’ expectations 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 company 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 Down 2.1 %
NASDAQ TRMD opened at $24.96 on Wednesday. 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 firm has a 50-day moving average price of $31.98 and a 200 day moving average price of $35.21. TORM has a 52-week low of $24.69 and a 52-week high of $40.47.
TORM Increases Dividend
Analysts Set New Price Targets
Several research firms have recently weighed in on TRMD. Evercore ISI boosted their target price on shares of TORM from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Fearnley Fonds upgraded shares of TORM to a “hold” rating in a report on Friday, September 27th.
Read Our Latest Research Report on TRMD
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.
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