Torm (NASDAQ:TRMD) Announces Earnings Results

Torm (NASDAQ:TRMD) posted its quarterly earnings data on Wednesday. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.15), Zacks reports. Torm had a return on equity of 13.26% and a net margin of 21.29%.The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $297.43 million.

Here are the key takeaways from Torm’s conference call:

• TORM reported a strong Q1 2026 with TCE of $286 million, EBITDA of $201 million, and net profit of $122 million, driven by firm freight rates and good execution.
• The company raised full-year guidance to $1.15 billion-$1.45 billion of TCE and $800 million-$1.1 billion of EBITDA, citing strong market conditions and near-term visibility.
• TORM said Q2 booking conditions are exceptionally strong, with 57% of earning days already fixed at an average of $71,494 per day, providing substantial earnings visibility.
• The company continued fleet renewal and expansion, including six MR resales agreed after quarter-end, taking the fleet to 103 vessels on a fully delivered basis from 95 at quarter-end.
• TORM declared a $0.70 per share dividend at a 58% payout ratio, noting the lower ratio reflected a temporary $30 million working-capital build from higher freight rates and bunker prices.

Torm Stock Performance

Shares of NASDAQ TRMD traded down $0.86 during trading on Thursday, reaching $31.78. The stock had a trading volume of 436,110 shares, compared to its average volume of 787,742. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.16 and a current ratio of 1.33. The stock has a market cap of $3.24 billion, a PE ratio of 11.18 and a beta of 0.14. Torm has a one year low of $15.79 and a one year high of $35.33. The firm’s 50 day moving average price is $29.47 and its two-hundred day moving average price is $25.09.

Torm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Thursday, May 28th. Torm’s payout ratio is 71.83%.

Institutional Trading of Torm

Several institutional investors have recently added to or reduced their stakes in TRMD. Quarry LP acquired a new stake in shares of Torm during the third quarter worth $35,000. Tower Research Capital LLC TRC acquired a new position in shares of Torm in the 2nd quarter valued at about $46,000. Wexford Capital LP bought a new stake in shares of Torm during the 3rd quarter valued at about $120,000. Virtus Advisers LLC raised its stake in Torm by 356.4% during the fourth quarter. Virtus Advisers LLC now owns 9,858 shares of the company’s stock worth $193,000 after acquiring an additional 7,698 shares during the period. Finally, PharVision Advisers LLC acquired a new stake in Torm during the third quarter worth about $214,000. Institutional investors own 73.89% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRMD shares. Pareto Securities downgraded shares of Torm from a “hold” rating to a “hold” rating in a research report on Wednesday. Evercore set a $35.00 price target on shares of Torm in a report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Torm in a research note on Friday, April 17th. Finally, Wall Street Zen raised shares of Torm from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Torm Company Profile

Torm A/S (NASDAQ: TRMD) is an international shipping company specializing in the transportation of refined petroleum products. The firm owns and operates a modern fleet of product tankers, including both Handysize and MR vessels, which are designed to carry a broad range of clean petroleum cargoes such as gasoline, jet fuel and diesel. Torm’s core business revolves around voyage and time-charter contracts with major oil companies, trading houses and other energy sector clients around the world.

The company’s fleet is deployed on global trade routes, with particular focus on major refining and consumption regions in Europe, North America and Asia.