Torm (NASDAQ:TRMD) Announces Quarterly Earnings Results

Posted by Brenda Bartman on May 15th, 2026

Torm (NASDAQ:TRMD – Get Free Report) released its quarterly earnings results 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 16.03% and a net margin of 24.45%.The firm had revenue of $402.00 million during 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 TRMD traded up $0.18 during trading hours on Friday, reaching $31.74. 367,902 shares of the company traded hands, compared to its average volume of 792,452. The stock has a market capitalization of $3.24 billion, a P/E ratio of 9.33 and a beta of 0.14. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 0.32. Torm has a 12-month low of $15.79 and a 12-month high of $35.33. The business has a fifty day moving average price of $29.48 and a 200-day moving average price of $25.16.

Torm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 8.8%. Torm’s payout ratio is 60.00%.

Analyst Ratings Changes

Several equities analysts have issued reports on TRMD shares. Wall Street Zen raised shares of Torm from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. Evercore set a $35.00 price target on shares of Torm in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Torm in a report on Friday, April 17th. Finally, Pareto Securities lowered shares of Torm from a “hold” rating to a “hold” rating in a report on Wednesday. One equities research 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. According to MarketBeat.com, Torm currently has an average rating of “Moderate Buy” and an average target price of $35.00.

View Our Latest Analysis on TRMD

Institutional Investors Weigh In On Torm

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Torm by 4.2% during the third quarter. Vanguard Group Inc. now owns 2,329,728 shares of the company’s stock valued at $47,960,000 after buying an additional 94,175 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Torm by 25.8% during the fourth quarter. Renaissance Technologies LLC now owns 536,425 shares of the company’s stock valued at $10,503,000 after buying an additional 110,000 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Torm during the second quarter valued at $7,523,000. Millennium Management LLC lifted its position in Torm by 119.5% during the fourth quarter. Millennium Management LLC now owns 252,811 shares of the company’s stock valued at $4,950,000 after purchasing an additional 137,648 shares during the period. Finally, Barclays PLC lifted its position in Torm by 4.7% during the fourth quarter. Barclays PLC now owns 216,196 shares of the company’s stock valued at $4,233,000 after purchasing an additional 9,688 shares during the period. 73.89% of the stock is owned by hedge funds and other institutional investors.

Torm Company Profile

(Get Free Report)

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.