Torm (TRMD) Projected to Post Earnings on Wednesday

Torm (NASDAQ:TRMD) is expected to be releasing its Q3 2026 results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $1.54 per share and revenue of $330.50 million for the quarter. Interested persons can check the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 9:00 AM ET.

Torm (NASDAQ:TRMD) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.06). The firm had revenue of $662.80 million during the quarter, compared to analyst estimates of $499.01 million.

Torm Trading Down 1.7%

Torm stock opened at $40.37 on Wednesday. Torm has a 52 week low of $19.30 and a 52 week high of $41.86. The firm’s 50-day simple moving average is $36.17 and its 200 day simple moving average is $30.28.

Torm Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a dividend of $2.40 per share. The ex-dividend date was Thursday, September 10th. This is an increase from Torm’s previous quarterly dividend of $0.70. This represents a $9.60 dividend on an annualized basis and a yield of 23.8%.

Insider Buying and Selling at Torm

In other news, CFO Kim Balle sold 20,000 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $39.16, for a total value of $783,200.00. Following the completion of the transaction, the chief financial officer directly owned 23,043 shares of the company’s stock, valued at $902,363.88. The trade was a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 42,533 shares of company stock valued at $1,643,225 over the last ninety days. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Torm from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th. Weiss Ratings upgraded shares of Torm from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, Evercore reissued an “outperform” rating on shares of Torm in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Torm currently has a consensus rating of “Buy” and an average target price of $38.00.

Torm Company Profile

TORM plc is a maritime transportation company that owns and operates a fleet of product tankers. The company primarily transports refined petroleum products, including gasoline, diesel, jet fuel and naphtha, connecting refineries, storage facilities and distribution markets around the world.

TORM’s fleet serves the global clean-product tanker market and includes vessels in several size categories, such as long-range and medium-range tankers. Its vessels operate on international trade routes, supporting the movement of energy products between major production and consumption regions.

Founded in Denmark in 1889, TORM has grown into an international shipping company headquartered in Copenhagen.