TORM (TRMD) Expected to Announce Quarterly Earnings on Thursday

TORM (NASDAQ:TRMD) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect TORM to post earnings of $0.68 per share and revenue of $244.25 million for the quarter.

TORM Stock Down 0.4 %

TRMD opened at $16.57 on Thursday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 2.14 and a beta of 0.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.24 and a current ratio of 2.47. The firm’s fifty day moving average is $16.91 and its 200 day moving average is $20.16. TORM has a fifty-two week low of $13.60 and a fifty-two week high of $40.47.

TORM Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Thursday, March 20th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $2.40 annualized dividend and a dividend yield of 14.48%. TORM’s payout ratio is 27.43%.

Analyst Ratings Changes

TRMD has been the topic of several recent analyst reports. Evercore ISI decreased their target price on TORM from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Kepler Capital Markets downgraded shares of TORM from a “hold” rating to a “strong sell” rating in a report on Thursday, March 27th.

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.