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T   17.69 (+0.80%)
F   13.23 (+1.30%)
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GE   176.13 (-2.22%)
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PFE   27.86 (+0.29%)
PYPL   66.83 (+0.39%)
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NASDAQ:TRMD

TORM (TRMD) Stock Price, News & Analysis

$34.08
-0.19 (-0.55%)
(As of 09:40 AM ET)
Today's Range
$34.00
$34.36
50-Day Range
$32.64
$36.57
52-Week Range
$22.31
$37.11
Volume
28,186 shs
Average Volume
619,646 shs
Market Capitalization
$2.78 billion
P/E Ratio
4.57
Dividend Yield
12.50%
Price Target
N/A

TORM MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
4.09% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.07mentions of TORM in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.57 out of 5 stars

Transportation Sector

74th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

22nd out of 26 stocks

TRMD stock logo

About TORM Stock (NASDAQ:TRMD)

Torm plc is a leading international shipping company specializing in transporting refined oil products, such as gasoline, diesel, and jet fuel. Established in 1889 and headquartered in Copenhagen, Denmark, Torm operates a modern fleet of vessels, ensuring efficient and reliable maritime logistics solutions worldwide.

Torm's mission is to provide safe, efficient, and environmentally responsible transportation services to its global customers while delivering value to its stakeholders.

Torm operates a diverse fleet of product tankers, ranging from 35,000 to 114,000 deadweight tons (DWT). The company's vessels are equipped with advanced technology, enabling them to navigate efficiently and adhere to strict environmental standards. Torm caters to major oil companies, trading houses, and other entities involved in the oil transportation industry.

Torm has a rich history of accomplishments, including being recognized as a leader in sustainable shipping practices. In recent years, the company has received accolades for its environmental initiatives, operational efficiency, and commitment to safety. 

Torm's management team is comprised of experienced professionals who bring a wealth of expertise to the company's operations. Chief Executive Officer Jacob Meldgaard, with over 20 years of industry experience, has successfully led Torm since 2012. Under his guidance, the company has achieved notable milestones, including expanding its fleet and strengthening its market position.

Torm has demonstrated consistent financial performance in recent years. Torm has consistently maintained healthy profit margins, reflecting its ability to manage costs effectively and optimize vessel utilization. Additionally, the company has maintained a prudent debt level, providing financial flexibility for future growth initiatives.

Torm's valuation metrics reflect its solid performance and growth potential within the industry. The company's price-to-earnings compares favorably to the industry average. This suggests that the market recognizes Torm's competitive advantages and growth prospects, resulting in a relatively higher valuation compared to its peers.

Torm's stock has displayed resilience in the face of industry challenges. Over the past year, the company's share price has experienced moderate volatility but has shown an upward trend. Notably, Torm's stock outperformed the broader industry index, driven by strong operational performance and positive investor sentiment surrounding the shipping sector's recovery. Recent news of increasing global oil demand has further bolstered the company's outlook.

The shipping industry plays a pivotal role in the global economy, facilitating the transportation of goods and commodities. Torm differentiates itself through its modern fleet, focus on sustainability, and reputation for reliability. As the industry embraces stricter environmental regulations, Torm's commitment to green initiatives positions it well for future growth.

Torm is well-positioned to capitalize on several growth opportunities. The increasing demand for refined oil products, particularly in emerging markets, presents avenues for expanding Torm's customer base. 

Torm is actively exploring strategic acquisitions to strengthen its market position further. By acquiring complementary shipping assets or entering into strategic partnerships, the company can enhance its operational efficiency, broaden its customer base and expand its geographical reach. Torm is also focusing on leveraging technological advancements to improve its operational capabilities. The company has invested in digital solutions and data analytics to optimize vessel performance, fuel consumption, and route planning. These initiatives drive cost savings and contribute to Torm's commitment to sustainable operations.

Torm recognizes the potential of alternative fuels and energy sources in the shipping industry. As part of its decarbonization efforts, the company has been actively exploring initiatives to adopt cleaner energy solutions, such as biofuels and ammonia. By embracing these innovative technologies, Torm aims to position itself as a leader in environmentally friendly shipping.

Like any company operating in the shipping industry, Torm faces a range of risks and challenges. One significant challenge is the volatility of freight rates, which global economic conditions, geopolitical factors, and fluctuations in oil prices can influence. Torm manages this risk by maintaining a balanced chartering strategy, which includes a combination of short-term and long-term contracts to mitigate exposure to market volatility.

Another key risk for Torm is regulatory compliance. The shipping industry is subject to evolving environmental regulations, including emissions standards and ballast water treatment requirements. Compliance with these regulations necessitates substantial investments in vessel upgrades and operational adjustments. Torm's proactive approach to sustainability and adherence to stringent environmental standards position it well to manage these regulatory challenges effectively.

Geopolitical tensions, trade disputes, and global macroeconomic uncertainties can impact shipping volumes and trade flows. Torm closely monitors these factors to adapt its business strategies and diversify its customer base across different regions.

Risk management remains a priority for Torm. The company maintains comprehensive insurance coverage and has a robust safety management system to mitigate operational risks and protect against unforeseen incidents.

TRMD Stock Price History

TRMD Stock News Headlines

my top trade on these 9 tickers
This indicator is uniquely designed to spot the most significant moves in the top stocks out there (and according to our backtesting it has historically nailed these moves with a stunning 90% accuracy). Now, most folks have been saying NVDA is way overbought or overpriced. They didn’t want to “buy at the top” 6 weeks ago… Or again 4 weeks ago… or again 2 weeks ago… And it’s not their fault! That’s what all the talking heads were saying too. But the Apex Indicator would have clearly shown that these were opportunities to buy. And, sure enough, Nvidia slammed through the recommended targets again and again.
Torm Plc - Ordinary Shares - Class A
my top trade on these 9 tickers
This indicator is uniquely designed to spot the most significant moves in the top stocks out there (and according to our backtesting it has historically nailed these moves with a stunning 90% accuracy). Now, most folks have been saying NVDA is way overbought or overpriced. They didn’t want to “buy at the top” 6 weeks ago… Or again 4 weeks ago… or again 2 weeks ago… And it’s not their fault! That’s what all the talking heads were saying too. But the Apex Indicator would have clearly shown that these were opportunities to buy. And, sure enough, Nvidia slammed through the recommended targets again and again.
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TORM: Earnings On Track, Keeping A Close Eye On The Chart
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TORM PLC Class A TRMD A
Torm PLC Class A (TRMD)
Torm PLC
TORM: Product Tanker Play For Income-Minded Investors
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See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Today
3/27/2024
Ex-Dividend for 4/24 Dividend
4/15/2024
Dividend Payable
4/24/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:TRMD
Fax
N/A
Employees
446
Year Founded
N/A

Profitability

Net Income
$648.27 million
Pretax Margin
42.88%

Debt

Sales & Book Value

Annual Sales
$1.52 billion
Cash Flow
$9.19 per share
Book Value
$20.44 per share

Miscellaneous

Free Float
81,198,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
0.16
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Key Executives

  • Mr. Jacob Balslev Meldgaard (Age 56)
    CEO & Executive Director
    Comp: $1.74M
  • Mr. Kim Balle (Age 56)
    Chief Financial Officer
  • Mr. Jesper Sondergaard Jensen (Age 55)
    Senior VP & Head of Technical Division
  • Andreas Abildgaard-Hein
    Vice President, Head of Group Treasury & Investor Relations
  • Mr. Lars Vang Christensen (Age 58)
    Senior VP & Head of Projects
  • Mr. Morten Agdrup
    VP and Head of Corporate Finance & Strategy

TRMD Stock Analysis - Frequently Asked Questions

Should I buy or sell TORM stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TORM in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TRMD shares.
View TRMD analyst ratings
or view top-rated stocks.

How have TRMD shares performed in 2024?

TORM's stock was trading at $30.41 on January 1st, 2024. Since then, TRMD stock has increased by 12.7% and is now trading at $34.27.
View the best growth stocks for 2024 here
.

When is TORM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our TRMD earnings forecast
.

How were TORM's earnings last quarter?

TORM plc (NASDAQ:TRMD) issued its quarterly earnings data on Thursday, March, 7th. The company reported $1.56 EPS for the quarter. The business had revenue of $387.78 million for the quarter. TORM had a trailing twelve-month return on equity of 36.99% and a net margin of 42.64%.

How often does TORM pay dividends? What is the dividend yield for TORM?

TORM declared a quarterly dividend on Thursday, March 7th. Investors of record on Tuesday, April 16th will be paid a dividend of $1.36 per share on Wednesday, April 24th. This represents a $5.44 dividend on an annualized basis and a yield of 15.87%. The ex-dividend date is Monday, April 15th.
Read our dividend analysis for TRMD
.

Is TORM a good dividend stock?

TORM (NASDAQ:TRMD) pays an annual dividend of $4.26 per share and currently has a dividend yield of 12.63%. TRMD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TRMD.

What other stocks do shareholders of TORM own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TORM investors own include Gilead Sciences (GILD), Inovio Pharmaceuticals (INO), Frontline (FRO), Intel (INTC), Pfizer (PFE), Micron Technology (MU), Novavax (NVAX), BioNTech (BNTX) and Carnival Co. & (CCL).

Who are TORM's major shareholders?

TORM's stock is owned by many different retail and institutional investors. Top institutional investors include Oaktree Capital Management LP (62.58%), Vanguard Group Inc. (1.34%), Vanguard Group Inc. (1.34%), Norges Bank (0.90%), Goldman Sachs Group Inc. (0.63%) and Goldman Sachs Group Inc. (0.63%).

How do I buy shares of TORM?

Shares of TRMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TRMD) was last updated on 3/28/2024 by MarketBeat.com Staff

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