I II n djgunner Article Thesis TORM plc (NASDAQ:TRMD) is a shipping company that offers a gigantic 22% dividend yield right now, based on its most recent quarterly dividend payment. A yield this high is risky, of course, and even though TORM is very profitable right now, the dividend yield is likely not sustainable in the long run. That being said, TORM plc is a well-managed shipping company, and total returns could be attractive even if there is a dividend reduction in the foreseeable future. Company Overv ...

TORM plc (NASDAQ:TRMD) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Jacob Meldgaard - Executive Director and Chief Executive Officer Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Omar Nokta - Jefferies Clement Mullins - Value Investors Edge Peter Hagen - ABG Operator Good day, and thank you for standing by. Welcome to the TORM First Six Months and Second Quarter 2024 Results Call. Please note that today’s call is being recorded. ...

TORM PLC (TRMD) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.51%. A quarter ago, it was expected that this company would post earnings of $2.21 per share when it actually produced earnings of $2.08, delivering a surprise of -5.88%. Over the last four quarters, the company has su ...

Interim Results for the Second Quarter and Half Year ended 30 June 2024 TORM PLC OFFICE 209(b) , 20 ST DUNSTAN'S HILL LONDON, EC3R 8HL ,UNITED KINGDOM COMPANY: 09818726 Highlights | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

The market expects TORM PLC (TRMD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Au ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is TORM PLC (TRMD) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. TORM PLC is one of 135 individual stocks in the Transportation sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 1 ...

Dikuch Thesis TORM plc (NASDAQ:TRMD) is one of those stocks that I just have to trust the facts. Despite the significant rise in stock price since my last analysis, the facts show TRMD can generate a healthy yield, supported by increased refinery output in the Middle East and Africa. The additional refinery capacity in these areas should maintain the strong demand for tanker vessels even as new builds begin to hit the waters in growing numbers in 2025. By maintaining balance, I expect market conditions to b ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. TRMD is quite a good fit in this regard, gaining 17.5% over this period. Looking at the fundamentals, the stock currently carries a Za ...

08 MAY 2024 In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. JACOB MELDGAARD Highlights Q1 2024 USD 1.50 Q1 2023: USD 1.46 The fo ...

Exhibit 99.1 Highlights "Our strong performance extended into the first quarter of 2024, supported by favorable market conditions and the timely delivery of vessels acquired in 2023," says Jacob Meldgaard, adding: "Sustained geopolitical tensions continue to contribute to TORM's strong results." Results In the first quarter of 2024, TORM grew time charter equivalent earnings (TCE) to USD 330.7m (2023, same period: USD 265.0m) and realized an EBITDA of USD 265.8 m (2023, same period: USD 198.5m) and a net pr ...