TRMD Stock Recent News
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TORM PLC (TRMD) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $2.26 per share a year ago.
HELLERUP, Denmark , April 28, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD A) has increased its share capital by 18,769 A-shares (corresponding to a nominal value of USD 187.69) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share.
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TORM plc has faced a ~60% decline over 12 months due to normalizing TCE rates and tariff tensions, yet its valuation remains attractive. Despite geopolitical turmoil benefiting TORM initially, falling TCE rates and increased vessel supply are expected to pressure earnings and stock performance in 2025 and 2026. TRMD's current price-to-book ratio of 0.65x is quite cheap, offering a margin of safety despite potential asset write-down risks.
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HELLERUP, Denmark, April 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD-A) ) has increased its share capital by 12,406 A-shares (corresponding to a nominal value of USD 124.06) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share.
TORM's fleet, despite being older, achieves higher rates than competitors, contributing to its premium valuation and strong dividend payouts. Current market conditions, including sanctions and tariffs, favor higher rates and utilization, supporting a positive outlook for TORM's stock and asset values. Risks include elevated fleet purchase prices, increasing orderbook pressure on rates, and potential declines in oil consumption impacting profitability and asset values.
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HELLERUP, Denmark , March 21, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD-A) has increased its share capital by 262,294 A-shares (corresponding to a nominal value of USD 2,622.94) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share.
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