Torm/TRMD

$33.35

1.77%
-
1D1W1MYTD1YMAX

About Torm

TORM plc is a United Kingdom-based shipping company. The Company owns and operates a fleet of product tankers. The Company’s segments include the Tanker segment, for which the services provided primarily comprise transportation of refined oil products, such as gasoline, jet fuel, and naphtha, and the Marine Exhaust segment, for which the services provided primarily comprise developing and producing advanced and green marine equipment. The Company’s wholly owned fleet of around 90 vessels is specifically configured to move energy and clean petroleum products from refineries to their customers. With vessels varying in size from 45,000 - 115,000 deadweight tonnage (DWT), it offers a range of product tankers. It is present in all large vessel classes in the product tanker market, with specific focus on the LR2, LR1, and MR vessel classes. Its vessels include TORM Hannah, TORM Hellerup, TORM Helene, TORM Hermia, TORM Signe, TORM Elizabeth, TORM Platte, TORM India, TORM Lilly, among others.

Ticker

TRMD

Sector

Energy

Trading on

NASDAQ

Industry

Oil Well Services & Equipment

CEO

Jacob Meldgaard

Employees

533

Headquarters

London, United Kingdom

Torm Metrics

BasicAdvanced
$3.07B
Market cap
4.31
P/E ratio
$7.60
EPS
0.34
Beta
$5.78
Dividend rate
17.69%
Dividend yield
$3.07B
0.33618
$36.56
$21.34
268.89K
$5.78
2.604
2.371
53.3
63.676
96.23%
103.931
13.67%
23.63%
40.96%
25.87%
4.313
2.019
1.688
1.849
68.118
13.32%
17.64%
17.69%
0.76%
1.44%
26.71%
86.97%
89.45%

Torm Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
47.58% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$387.7M
8.27%
Net income
$184.5M
48.43%
Profit margin
47.58%
37.08%

Torm Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 13.21%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$2,700.00
$3,210.00
$2,130.00
$3,150.00
-
Expected
$3,300.00
$3,135.00
$1,833.75
$2,782.50
$2.17
Surprise
-18.18%
2.39%
16.16%
13.21%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Torm stock?

Torm (TRMD) has a market cap of $3.12B as of April 24, 2024.

What is the P/E ratio for Torm stock?

The price to earnings (P/E) ratio for Torm (TRMD) stock is 4.38 as of April 24, 2024.

Does Torm stock pay dividends?

Yes, the Torm (TRMD) stock pays dividends to shareholders. As of April 24, 2024, the dividend rate is $5.78 and the yield is 17.43%. Torm has a payout ratio of 96.23% on a trailing twelve-month basis.

When is the next Torm dividend payment date?

The next Torm (TRMD) dividend payment is scheduled for April 24, 2024.

What is the beta indicator for Torm?

Torm (TRMD) has a beta rating of 0.33. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Torm stock price target?

The target price for Torm (TRMD) stock is $, which is 100% below the current price of $33.35. This is an average based on projections from analyst, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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