EU and US could reach trade deal this weekend - Reuters
In a challenging market environment, TORM A/S stock has reached a 52-week low, dipping to $15.69. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 2.16, indicating solid liquidity. The stock currently offers an attractive dividend yield of ~15%. The shipping company, which specializes in transporting refined oil products, has faced significant headwinds over the past year, reflected in a substantial 1-year change with a decrease of -55.98%. Despite these challenges, TORM remains profitable with a diluted EPS of $6.36. This downturn highlights the volatility within the shipping sector, which has been impacted by fluctuating demand and global economic pressures. Investors are closely monitoring the company’s performance as it navigates through these turbulent market conditions. InvestingPro subscribers have access to 10 additional key insights and a comprehensive Pro Research Report that provides deeper analysis of TORM’s market position and future prospects.
In other recent news, Torm PLC reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.77, compared to the projected $0.61. The company’s revenue for the quarter was also higher than anticipated, reaching $214.7 million against the forecasted $211.57 million. Torm declared a dividend of $0.60 per share for the quarter. The company achieved a net profit of $77 million in the fourth quarter, contributing to a total net profit of $612 million for the year. Despite a challenging market environment, Torm maintained its competitive edge, achieving a return on invested capital of 24.3%. Looking ahead, Torm forecasts TCE earnings for 2025 to be between $650 million and $950 million, a decrease from 2024’s $1.135 billion. The company also projects EBITDA for 2025 to range from $350 million to $650 million, down from $850 million in 2024. Analysts from Evercore and Jefferies have shown interest in Torm’s strategic approach amidst geopolitical uncertainties and potential regulatory changes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.