The closing price of Torm Plc (NASDAQ: TRMD) was $33.70 for the day, down -1.72% from the previous closing price of $34.29. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 1027329 shares were traded. TRMD stock price reached its highest trading level at $33.78 during the session, while it also had its lowest trading level at $32.95.
Ratios:
Our analysis of TRMD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.39. For the most recent quarter (mrq), Quick Ratio is recorded 2.37 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on April 12, 2022, initiated with a Buy rating and assigned the stock a target price of $14.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRMD now has a Market Capitalization of 3.03B and an Enterprise Value of 3.82B. As of this moment, Torm’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.51, and their Forward P/E ratio for the next fiscal year is 5.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 2.51 whereas that against EBITDA is 4.43.
Stock Price History:
The Beta on a monthly basis for TRMD is 0.09, which has changed by -2.23% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, TRMD has reached a high of $37.11, while it has fallen to a 52-week low of $22.31. The 50-Day Moving Average of the stock is 34.13, while the 200-Day Moving Average is calculated to be 28.94.
Shares Statistics:
TRMD traded an average of 621.32K shares per day over the past three months and 758.82k shares per day over the past ten days. A total of 85.73M shares are outstanding, with a floating share count of 39.74M. Insiders hold about 56.26% of the company’s shares, while institutions hold 7.39% stake in the company. Shares short for TRMD as of Feb 29, 2024 were 1.55M with a Short Ratio of 2.50, compared to 1.3M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.72% and a Short% of Float of 4.31%.
Dividends & Splits
With its trailing 12-month dividend rate of 5.78, TRMD has a forward annual dividend rate of 7.01. Against a Trailing Annual Dividend Yield of 16.86%, it implies a Forward Annual Dividend Yield of 16.14%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $1.94 for the current quarter, with a high estimate of $1.95 and a low estimate of $1.93, while EPS last year was $1.8. The consensus estimate for the next quarter is $1.43, with high estimates of $1.55 and low estimates of $1.32.
Analysts are recommending an EPS of between $6.87 and $6.28 for the fiscal current year, implying an average EPS of $6.57. EPS for the following year is $6.95, with 2 analysts recommending between $7.4 and $6.51.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $323M to a low estimate of $308M. As of the current estimate, Torm Plc’s year-ago sales were $390.2M, an estimated decrease of -19.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $288.43M, a decrease of -17.50% over than the figure of -$19.70% in the same quarter last year. There is a high estimate of $316M for the next quarter, whereas the lowest estimate is $261.3M.
A total of 3 analysts have provided revenue estimates for TRMD’s current fiscal year. The highest revenue estimate was $1.28B, while the lowest revenue estimate was $1.14B, resulting in an average revenue estimate of $1.2B. In the same quarter a year ago, actual revenue was $1.52B, down -20.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.1B in the next fiscal year. The high estimate is $1.23B and the low estimate is $897M. The average revenue growth estimate for next year is down -8.70% from the average revenue estimate for this year.
