TORM (NASDAQ:TRMD - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.06), Zacks reports. The business had revenue of $214.70 million during the quarter, compared to the consensus estimate of $269.48 million. TORM had a return on equity of 34.45% and a net margin of 43.81%. TORM updated its FY 2025 guidance to EPS.
TORM Stock Performance
TRMD stock traded down $0.33 during mid-day trading on Friday, reaching $19.06. 1,137,163 shares of the stock traded hands, compared to its average volume of 1,179,459. The company has a quick ratio of 2.24, a current ratio of 2.47 and a debt-to-equity ratio of 0.51. TORM has a 52 week low of $16.76 and a 52 week high of $40.47. The business has a 50-day moving average of $19.80 and a two-hundred day moving average of $24.93. The firm has a market capitalization of $1.79 billion, a PE ratio of 2.47 and a beta of 0.14.
TORM Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date of this dividend is Thursday, March 20th. TORM's dividend payout ratio (DPR) is 45.28%.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group decreased their price objective on shares of TORM from $37.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, November 14th.
View Our Latest Stock Analysis on TORM
TORM Company Profile
(
Get Free Report)
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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