Torm (NASDAQ:TRMD) Releases Earnings Results, Misses Expectations By $0.15 EPS

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

Torm stock traded down $1.93 during mid-day trading on Wednesday, hitting $32.64. The stock had a trading volume of 2,147,389 shares, compared to its average volume of 792,758. The firm has a market capitalization of $3.33 billion, a P/E ratio of 11.49 and a beta of 0.14. The company has a current ratio of 1.33, a quick ratio of 1.16 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $29.43 and its 200 day moving average is $25.01. Torm has a one year low of $15.79 and a one year high of $35.33.

Torm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 28th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.80 annualized dividend and a yield of 8.6%. Torm’s dividend payout ratio is currently 71.83%.

Institutional Trading of Torm

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in shares of Torm by 2.6% during the 3rd quarter. NewEdge Advisors LLC now owns 18,109 shares of the company’s stock valued at $373,000 after buying an additional 459 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Torm by 1.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 31,391 shares of the company’s stock valued at $615,000 after buying an additional 477 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Torm by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 83,133 shares of the company’s stock valued at $1,385,000 after buying an additional 611 shares in the last quarter. Glenorchy Capital Ltd raised its position in shares of Torm by 3.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 29,670 shares of the company’s stock valued at $494,000 after buying an additional 1,003 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Torm by 6.7% during the 4th quarter. Virtu Financial LLC now owns 17,170 shares of the company’s stock valued at $336,000 after buying an additional 1,076 shares in the last quarter. Hedge funds and other institutional investors own 73.89% of the company’s stock.

Analyst Ratings Changes

TRMD has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Torm in a research report on Friday, April 17th. Wall Street Zen raised shares of Torm from a “hold” rating to a “buy” rating in a research report on Sunday, April 12th. Pareto Securities downgraded shares of Torm from a “hold” rating to a “hold” rating in a research report on Wednesday. Finally, Evercore set a $35.00 price objective on shares of Torm in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Torm has an average 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.