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TSE:TIH

Toromont Industries (TIH) Stock Price, News & Analysis

C$120.76
+0.28 (+0.23%)
(As of 09/6/2024 ET)
Today's Range
C$119.79
C$121.86
50-Day Range
C$119.05
C$128.40
52-Week Range
C$100.81
C$135.53
Volume
144,804 shs
Average Volume
105,440 shs
Market Capitalization
C$9.89 billion
P/E Ratio
19.26
Dividend Yield
1.59%
Price Target
C$137.13
TIH stock logo

About Toromont Industries Stock (TSE:TIH)

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.

TIH Stock Price History

TIH Stock News Headlines

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How a $0.25 cent option contract makes my top traders feel
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CIBC Reaffirms Their Hold Rating on Toromont Industries (TIH)
Toromont Industries earnings: here's what to expect
See More Headlines
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Company Calendar

Last Earnings
7/25/2017
Ex-Dividend for 7/5 Dividend
6/07/2024
Dividend Payable
7/05/2024
Ex-Dividend for 10/2 Dividend
9/06/2024
Today
9/07/2024
Dividend Payable
10/02/2024
Next Earnings (Estimated)
11/04/2024

Industry, Sector and Symbol

Industry
Industrial Distribution
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
7,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$137.13
High Stock Price Target
C$150.00
Low Stock Price Target
C$128.00
Potential Upside/Downside
+13.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
C$518.94 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.78 billion
Cash Flow
C$11.33 per share
Book Value
C$34.33 per share

Miscellaneous

Free Float
N/A
Market Cap
C$9.89 billion
Optionable
Not Optionable
Beta
0.67
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Key Executives

  • Mr. Michael Stanley Howie McMillan
    CEO, President & Director
  • Mr. John Marshall Doolittle (Age 60)
    Executive VP & CFO
    Comp: $645.59k
  • Mr. Michael P. Cuddy
    Chief Information Officer & VP
  • Mr. Miles Sean Ryan Gregg
    President of Toromont Cat Construction Division
  • Mr. Joel Couture
    Chief Operating Officer - Toromont Cat
  • Ms. Lynn M. Korbak
    General Counsel & Corporate Secretary
  • Ms. Isabelle Leclerc
    Vice President of Human Resources
  • Mr. William Harvey
    President of Toromont Cat Mining Division
  • Mr. David Alan Malinauskas
    President of CIMCO Refrigeration
  • Mr. Colin Goheen
    President of Battlefield Equipment Rentals

TIH Stock Analysis - Frequently Asked Questions

How have TIH shares performed this year?

Toromont Industries' stock was trading at C$116.10 at the beginning of the year. Since then, TIH stock has increased by 4.0% and is now trading at C$120.76.
View the best growth stocks for 2024 here
.

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by $0.04. The business had revenue of $530.93 million for the quarter, compared to analysts' expectations of $550.60 million. Toromont Industries had a trailing twelve-month return on equity of 19.65% and a net margin of 10.86%.

How do I buy shares of Toromont Industries?

Shares of TIH stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Toromont Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Toromont Industries investors own include National Bank of Canada (NA), Bank of Nova Scotia (BNS), Dollarama (DOL), Enerflex (EFX), Alimentation Couche-Tard (ATD.B), BRP (DOO) and Exchange Income (EIF).

This page (TSE:TIH) was last updated on 9/7/2024 by MarketBeat.com Staff

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