TORM plc (TRMD)
| Market Cap | 3.56B |
| Revenue (ttm) | 1.58B |
| Net Income (ttm) | 672.50M |
| Shares Out | 93.22M |
| EPS (ttm) | 7.62 |
| PE Ratio | 4.81 |
| Forward PE | 4.12 |
| Dividend | $6.00 (15.72%) |
| Ex-Dividend Date | May 21, 2024 |
| Volume | 129,017 |
| Open | 38.28 |
| Previous Close | 38.16 |
| Day's Range | 37.96 - 38.34 |
| 52-Week Range | 22.31 - 38.34 |
| Beta | -0.12 |
| Analysts | Buy |
| Price Target | 44.00 (+15.3%) |
| Earnings Date | May 28, 2024 |
About TRMD
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. The Marine Exhaust segment engages in developing and producing advanced and green marine equipment. TORM plc was founded in 1889 and is based in London, the United Kingdom. [Read more]
Financial Performance
In 2023, TORM plc's revenue was $1.52 billion, an increase of 5.34% compared to the previous year's $1.44 billion. Earnings were $648.00 million, an increase of 15.15%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for TRMD stock is "Buy" and the 12-month stock price forecast is $44.0.
News
These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore
A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.
5 High-Yielding Stocks in Sarah Ketterer's Portfolio
Investing in companies that pay dividends while prices are down is one way investors can hedge their portfolios against inflation and other headwinds. While there is always a risk of the dividend bein...
Shipping stocks take another beating, sinking by double digits
Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China's economy, oil ...
Capital increase in TORM due to exercise of Restricted Share Units as part of the Company's incentive program
TORM plc (“TORM”) increases its share capital by 19,494 A-shares (corresponding to a nominal value of USD 194.94) as a result of the exercise of a corresponding number of Restricted Share Units.
TORM plc Third Quarter Report 2021
“ The market for refined oil is at present negatively impacted by the restricted crude supply not meeting demand, thereby drawing onshore stocks resulting in stock levels that are below five-year lows...
TORM plc to announce third quarter 2021 results
TORM plc (“TORM”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the third quarter of 2021 on Wednesday, 10 November 2021.
Notification of major holdings in the Company
Pursuant to Section 38 of the Danish Capital Markets Act and Section 55 of the Danish Companies Act, TORM plc hereby announces that:
TORM plc Second Quarter and Half-Year Report 2021
“In the second quarter of 2021, TORM achieved an EBITDA of USD 45m and a profit before tax of USD 2.4m, despite a market which is still impacted by the pandemic. In Q2 2021 , we have seen an increase ...
TORM plc to announce second quarter and first half 2021 results
TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the second quarter and first half of 2021 on Tuesday, ...
Capital increase in TORM in connection with delivery of vessel
With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea Ltd, TORM plc (“TORM”) has inc...
TORM plc First Quarter Report 2021
“In the first quarter of 2021, TORM achieved an EBITDA of USD 19m, in a market which continues to be impacted by the pandemic. Further I am pleased that we have just purchased three LR2 vessels on top...
TORM purchases three 2015-built scrubber-fitted LR2 vessels
TORM has today entered into an agreement to purchase the three 2015-built scrubber-fitted and fuel-efficient LR2 vessels Nissos Schinoussa, Nissos Heraclea and Nissos Therassia from Okeanis Eco Tanker...
TORM plc to announce first quarter 2021 results
TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the first quarter of 2021 on Wednesday, 12 May 2021.
Results from TORM plc's Annual General Meeting on 14 April 2021
TORM plc (the “Company”) announces that all the resolutions set out in the notice of the Annual General Meeting dated 01 March 2021 were duly passed on a poll at today's Annual General Meeting. The re...
TORM plc – Notice of and complete proposals for the Annual General Meeting 2021
Enclosed please find the notice of and the complete proposals for the Annual General Meeting of TORM plc to be held on 14 April 2021.
TORM plc Annual Report 2020
“I am very pleased that our integrated One TORM platform enabled us to deliver a solid EBITDA of USD 272m and a considerable cash return to shareholders totaling USD 71m in dividends during 2020. I am...
TORM purchases eight MR product tankers with chemical trading capabilities from TEAM Tankers in a partly share-based transaction
TORM has today entered into an agreement to purchase eight 2007-2012 built MR product tanker vessels from TEAM Tankers Deep Sea Ltd. for a total cash consideration of USD 82.5m and the issuance of 5.9...
TORM plc to announce the full-year 2020 results
TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for 2020 on Monday, 1 March 2021.
TORM plc financial calendar 2021
TORM plc expects to issue financial statements and convene its Annual General Meeting on the following dates in 2021:
TORM plc Third Quarter Report 2020
“I am pleased that TORM in the third quarter of 2020 and for the fourth consecutive quarter has achieved a positive result. A result that has been achieved in an oil and product tanker market that is ...
TORM plc to announce third quarter 2020 results
TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the third quarter of 2020 on Wednesday, 11 November 20...
TORM plc Second Quarter and Half-Year Report 2020
“The strong market during the first quarter continued into the second quarter of 2020, which has resulted in the strongest half-year since 2008. TORM achieved a profit before tax of USD 128m for the f...
TORM plc to announce second quarter and first half 2020 results
TORM plc (“TORM” or the “Company”) (ticker: TRMD A on Nasdaq in Copenhagen and TRMD on Nasdaq in New York) will release its financial results for the second quarter and first half of 2020 on Monday, 1...