Toromont Industries (TSE:TIH - Get Free Report) will be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Toromont Industries to post earnings of C$1.67 per share for the quarter.
Toromont Industries (TSE:TIH - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported C$1.64 earnings per share for the quarter, beating the consensus estimate of C$1.53 by C$0.11. Toromont Industries had a return on equity of 19.65% and a net margin of 10.86%. The business had revenue of C$1.36 billion during the quarter, compared to analysts' expectations of C$1.19 billion.
Toromont Industries Price Performance
TIH stock traded up C$1.19 during trading hours on Monday, hitting C$127.28. 79,798 shares of the stock traded hands, compared to its average volume of 104,478. The stock has a 50-day simple moving average of C$127.08 and a 200 day simple moving average of C$124.91. Toromont Industries has a one year low of C$100.81 and a one year high of C$135.53. The company has a market cap of C$10.43 billion, a P/E ratio of 20.26, a P/E/G ratio of 3.72 and a beta of 0.68. The company has a current ratio of 2.64, a quick ratio of 1.38 and a debt-to-equity ratio of 24.08.
Toromont Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, September 6th. Toromont Industries's dividend payout ratio is 30.62%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TIH. National Bank Financial downgraded Toromont Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. National Bankshares downgraded Toromont Industries from an "outperform" rating to a "sector perform" rating in a report on Tuesday, October 22nd. TD Securities upped their target price on Toromont Industries from C$140.00 to C$150.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Scotiabank set a C$136.00 target price on Toromont Industries and gave the company a "sector perform" rating in a report on Wednesday, August 21st. Finally, Royal Bank of Canada upped their target price on Toromont Industries from C$137.00 to C$142.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$138.00.
View Our Latest Stock Analysis on Toromont Industries
Insider Buying and Selling
In other news, Director Peter James Blake purchased 300 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of C$122.53 per share, with a total value of C$36,758.01. In other news, Director Peter James Blake purchased 300 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of C$122.53 per share, with a total value of C$36,758.01. Also, Senior Officer Jennifer Cochrane sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$123.00, for a total value of C$123,000.00. In the last ninety days, insiders sold 5,500 shares of company stock valued at $677,864. Corporate insiders own 0.27% of the company's stock.
About Toromont Industries
(
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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.
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