TORM (TRMD) Expected to Announce Earnings on Thursday

TORM (NASDAQ:TRMD - Get Free Report) is projected to post its Q4 2024 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. Parties that wish to listen to the company's conference call can do so using this link.

TORM Stock Performance

Shares of TRMD traded down $0.02 during mid-day trading on Friday, hitting $19.37. 696,437 shares of the company's stock were exchanged, compared to its average volume of 1,169,107. The company has a current ratio of 2.47, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. TORM has a fifty-two week low of $16.76 and a fifty-two week high of $40.47. The business's 50 day moving average is $19.81 and its two-hundred day moving average is $25.24. The firm has a market capitalization of $1.82 billion, a P/E ratio of 2.51 and a beta of 0.14.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group dropped their target price on 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.