TORM (TRMD) Set to Announce Earnings on Thursday

TORM (NASDAQ:TRMD - Get Free Report) will 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 registering for the company's earnings conference call can do so using this link.

TORM (NASDAQ:TRMD - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. TORM had a return on equity of 36.06% and a net margin of 43.81%. The firm had revenue of $437.70 million during the quarter, compared to analyst estimates of $325.38 million. During the same quarter in the previous year, the company posted $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 Trading Down 0.4 %

Shares of NASDAQ TRMD traded down $0.10 during midday trading on Thursday, reaching $26.00. The company had a trading volume of 973,404 shares, compared to its average volume of 741,970. TORM has a one year low of $25.47 and a one year high of $40.47. The company has a quick ratio of 2.94, a current ratio of 3.18 and a debt-to-equity ratio of 0.53. The firm's fifty day moving average price is $32.76 and its 200-day moving average price is $35.33. The stock has a market cap of $2.12 billion, a PE ratio of 3.33 and a beta of 0.24.

TORM Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 27.69%. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from TORM's previous quarterly dividend of $1.50. TORM's payout ratio is 67.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Fearnley Fonds raised TORM to a "hold" rating in a research note on Friday, September 27th. Evercore ISI boosted their target price 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.