Torm (TRMD) Expected to Post Quarterly Earnings on Wednesday

Torm (NASDAQ:TRMD) will likely be issuing its Q2 2026 results before the market opens on Wednesday, August 26th. Analysts expect the company to post earnings of $3.31 per share and revenue of $499.0730 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, August 26, 2026 at 9:00 AM ET.

Torm Price Performance

Shares of NASDAQ:TRMD opened at $31.80 on Monday. The company has a market capitalization of $3.24 billion, a P/E ratio of 9.35 and a beta of 0.09. The company has a quick ratio of 1.20, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $29.20 and its 200-day simple moving average is $29.03. Torm has a 52-week low of $19.30 and a 52-week high of $35.33.

Institutional Investors Weigh In On Torm

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Torm by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,329,728 shares of the company’s stock worth $47,960,000 after buying an additional 94,175 shares in the last quarter. Renaissance Technologies LLC lifted 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 purchasing an additional 110,000 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Torm in the second quarter worth about $7,523,000. Millennium Management LLC boosted its stake in Torm by 119.5% in the 4th quarter. Millennium Management LLC now owns 252,811 shares of the company’s stock worth $4,950,000 after purchasing an additional 137,648 shares during the period. Finally, Barclays PLC boosted its position in shares of Torm by 4.7% in the fourth quarter. Barclays PLC now owns 216,196 shares of the company’s stock worth $4,233,000 after buying an additional 9,688 shares during the period. 73.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TRMD has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Torm in a research report on Wednesday, July 15th. Pareto Securities lowered shares of Torm from a “hold” rating to a “hold” rating in a report on Wednesday, May 13th. Wall Street Zen cut Torm from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Evercore reaffirmed an “outperform” rating and set a $37.00 price target on shares of Torm in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.00.

About Torm

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.