Streetbeat News

TORO

Toro Corp.

https://www.torocorp.com

Industry

Marine Shipping

Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus.

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Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

Toro (NASDAQ:TORO) reported a significant decline in its Q2 earnings and sales. The company's EPS dropped from $0.94 to $0.001, and sales fell from $24.86 million to $5.47 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:02 pm

Toro reported a Q1 EPS of $0.51, an increase from $0.35 YoY. However, their total vessel revenues saw a significant decrease to $7.00M from $31.15M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:03 pm

Toro reported a decrease in Q4 earnings per share from $0.62 last year to $0.56 this year, alongside a significant drop in sales from $38.03M to $11.92M YoY.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 2:11 pm

In Tuesday's after-market session, several industrial stocks saw movements. Gainers included Aqua Metals (AQMS), Northann (NCL), TuSimple Hldgs (TSP), Agrify (AGFY), C3is (CISS), and Knightscope (KSCP), with increases ranging from 2.48% to 9.4%. Losers were American Superconductor (AMSC), iSun (ISUN), Nuvve Holding (NVVE), Guardforce AI Co (GFAI), Toro (TORO), and Swvl Hldgs (SWVL), with declines between 2.55% and 11.0%. Notably, AMSC's drop followed its Q3 earnings report released four days ago.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 9:31 pm

In Tuesday's pre-market session, several industrial stocks showed significant movement. Agrify (AGFY) saw a substantial increase of 60.6%, while Sidus Space (SIDU) experienced a sharp decline of 45.3%. Other notable gainers include C3is (CISS), Mega Matrix (MPU), AERWINS Technologies (AWIN), Greenwave Tech Solns (GWAV), and Innodata (INOD). On the losing side, View (VIEW), Toro (TORO), Exela Technologies (XELA), Addentax Group (ATXG), and United Parcel Service (UPS) saw their stock prices fall, with UPS reporting Q4 earnings.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 1:05 pm

Toro Corp. (NASDAQ:TORO) has entered into an agreement to sell the M/T Wonder Sirius tanker for $33.8 million, with an expected net gain of $20.9 million. The delivery to the new owner is scheduled for the first quarter of 2024, and the gain will be recorded in the same quarter, excluding transaction costs.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:10 pm

Toro Corp. completed the sale of the M/T Wonder Vega, a 2005-built Aframax tanker, for $31.5 million. The company expects to record a net gain of approximately $17.7 million from the sale, excluding transaction-related costs, in the fourth quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:25 pm

Benzinga Insights has identified five value stocks in the industrials sector based on low P/E multiples, indicating potential undervaluation. The stocks include Toro (TORO), United Airlines Holdings (UAL), PROG Holdings (PRG), Titan Intl (TWI), and CNH Industrial (CNHI). All companies have experienced a decrease in earnings per share in the most recent quarter compared to Q2, with Titan Intl also reporting an increase in dividend yield.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 2:45 pm

In Thursday's after-market session, several industrial stocks saw movement. ShiftPixy (PIXY), Air Industries (AIRI), TPI Composites (TPIC), JanOne (JAN), Advent Technologies Hldgs (ADN), and AgEagle Aerial Sys (UAVS) experienced gains, while Gates Industrial Corp (GTES), Controladora Vuela (VLRS), Toro (TORO), Seanergy Maritime Hldgs (SHIP), Intuitive Machines (LUNR), and iSun (ISUN) saw declines. The movements were attributed to market reactions to various company-specific news, including Q3 earnings for Air Industries.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 9:31 pm

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