TORM (NASDAQ:TRMD) Announces Quarterly Earnings Results

TORM (NASDAQ:TRMD) announced its quarterly earnings results on Thursday. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.06), Zacks reports. 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 Up 11.1 %

TRMD stock traded up $1.92 during trading hours on Thursday, reaching $19.27. 996,098 shares of the stock were exchanged, compared to its average volume of 1,147,518. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 2.49 and a beta of 0.14. The firm’s 50-day moving average is $19.81 and its 200-day moving average is $25.28. TORM has a 12 month low of $16.76 and a 12 month high of $40.47.

Analyst Ratings Changes

Separately, Jefferies Financial Group reduced 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.