TORM (NASDAQ:TRMD – Get Free Report) is projected to post its quarterly earnings results 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. Individual interested in registering for the company’s earnings conference call can do so using this link.
TORM Stock Up 1.4 %
Shares of TRMD opened at $17.62 on Wednesday. The firm has a market cap of $1.66 billion, a P/E ratio of 2.28 and a beta of 0.21. TORM has a 12-month low of $16.76 and a 12-month high of $40.47. The company’s 50-day moving average price is $19.85 and its 200 day moving average price is $25.34. The company has a current ratio of 2.47, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reduced their price objective on shares of TORM from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.
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.
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