TORM plc Class A (TRMD)
TORM plc: The Sell-Off Is Overdone - Upgrading To Strong Buy
TORM plc's share price dropped 15% due to market sell-off and seasonality, but maintains an 18% dividend yield with potential upside in Q4. Global refinery shifts away from Europe to the Middle East and Africa will enhance clean product trade, benefiting TRMD. Increased vessel supply from crude to clean trades has capped rates, but the TMX pipeline and seasonality will reverse this trend, supporting future rates.
How Good Is TORM's 22% Yield?
TORM plc offers a high 22% dividend yield, but this is likely unsustainable long-term despite current profitability. The company has a growing fleet of 96 vessels, with an average age of 11-12 years, and a strong balance sheet. Geopolitical tensions have boosted product tanker rates, significantly increasing TORM's profits and enabling high dividends.
TORM plc (TRMD) Q2 2024 Earnings Call Transcript
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.
TORM PLC (TRMD) Tops Q2 Earnings and Revenue Estimates
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.
Earnings Preview: TORM PLC (TRMD) Q2 Earnings Expected to Decline
TORM (TRMD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Has TORM (TRMD) Outpaced Other Transportation Stocks This Year?
Here is how TORM PLC (TRMD) and ZIM Integrated Shipping Services (ZIM) have performed compared to their sector so far this year.
TORM (TRMD) is an Incredible Growth Stock: 3 Reasons Why
TORM (TRMD) possesses solid growth attributes, which could help it handily outperform the market.
TORM: Still Making Cash, A 15% Yield, And More Room To Run
Refinery additions in 2023 are reaching full capacity, resulting in more supply entering the export market and increased demand for shipping. The 15% yield is well covered within current cash flows and has adequate levels of margin should shipping rates decline. The next 12-18 months look promising for shipping rates to remain high, ensuring large cash flows and dividends.
What Makes TORM (TRMD) a Good Fit for 'Trend Investing'
TORM (TRMD) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
TORM PLC: Check Out That 16% Forward Yield
TORM PLC is a tanker company that Brookfield's Oaktree Wealth Management owns a controlling stake in. The company has a rocky history, but now has the backing of two very well-run financial services companies. Its $1.50 dividend means that the stock has a 16% forward yield if the dividend doesn't get cut.
