Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Torm A/S (GB:0RG4)
LSE:0RG4
Holding GB:0RG4?
Track your performance easily
Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
kr5.69Last Year’s EPS
kr1.88Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -16.30%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong financial performance with significant fleet expansion and dividend declaration. However, challenges such as softening freight rates, geopolitical tensions, and decreased Middle East exports present concerns. While the highlights indicate positive financial health and strategic growth, the lowlights underscore market volatility and geopolitical risks.Company Guidance
During the TORM Q3 2024 earnings call, the company provided guidance highlighting their strong financial performance with time charter equivalent (TCE) earnings reaching USD 263 million and EBITDA amounting to USD 191 million. Despite lower freight rates due to geopolitical tensions and crude tanker cannibalization, TORM declared a dividend of USD 1.20 per share, reflecting their commitment to returning value to shareholders. The company executed a strategy to bolster its fleet, acquiring eight MR vessels worth USD 340 million in a partially share-based transaction. They anticipate TCE earnings for 2024 to be between USD 1.11 billion and USD 1.16 billion, with an EBITDA forecast of USD 810 million to USD 860 million. The fleet-wide rate for the year is expected to be USD 38,379 per day, maintaining a healthy outlook despite market volatilities.Strong Financial Performance
TORM delivered a strong financial performance with time charter equivalent earnings rising to USD 263 million and EBITDA amounting to USD 191 million.
Fleet Expansion
Acquired 8 secondhand MR vessels for USD 340 million as part of a strategy to replenish the fleet, with six vessels delivered and two more expected by the end of the year.
Dividend Declaration
TORM declared a dividend of USD 1.20 per share for the quarter, maintaining a strong dividend flow.
Increased TCE Rates
Achieved an average TCE rate per day increase of USD 700 compared to Q3 2023, with LR2s at USD 41,000, LR1s at USD 33,000, and MRs at USD 31,000.
Strong Return on Investment
Return on invested capital amounted to 20.3%, reflecting a very healthy business environment.
---
GB:0RG4 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GB:0RG4 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | kr160.33 | kr163.19 | +1.78% |
| Aug 15, 2024 | kr229.20 | kr233.45 | +1.85% |
| May 08, 2024 | kr208.85 | kr217.02 | +3.91% |
| Mar 07, 2024 | kr191.41 | kr196.22 | +2.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Torm A/S (GB:0RG4) report earnings?
Torm A/S (GB:0RG4) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Torm A/S (GB:0RG4) earnings time?
Torm A/S (GB:0RG4) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Torm A/S stock?
The P/E ratio of Torm is 2.5.
What is GB:0RG4 EPS forecast?
GB:0RG4 EPS forecast for the fiscal quarter 2024 (Q4) is kr5.69.
---