Shipping company TORM surpassed Q2 earnings estimates with $2.02 EPS and $437.70M revenue.
Shipping company TORM (NASDAQ:TRMD) surpassed Q2 earnings estimates, reporting $2.02 EPS and $437.70M revenue, versus consensus estimates of $1.99 EPS and $325.38M revenue. Evercore ISI has boosted its price target to $48.00 and given TORM an "outperform" rating. The firm has raised its quarterly dividend to $1.80 per share, with an annualized dividend of $7.20 and a 19.32% yield.
August 18, 2024
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