Q1 Earnings Forecast for TSE:TIH Issued By Raymond James

Toromont Industries Ltd. (TSE:TIH - Free Report) - Investment analysts at Raymond James issued their Q1 2025 EPS estimates for shares of Toromont Industries in a research note issued on Wednesday, February 12th. Raymond James analyst S. Hansen anticipates that the company will post earnings per share of $1.06 for the quarter. Raymond James has a "Market Perform" rating and a $130.00 price objective on the stock. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share.

Several other brokerages have also commented on TIH. Scotiabank lifted their target price on Toromont Industries from C$132.00 to C$133.50 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. National Bank Financial raised shares of Toromont Industries from a "hold" rating to a "strong-buy" rating in a report on Sunday, December 15th. Royal Bank of Canada increased their target price on shares of Toromont Industries from C$138.00 to C$139.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. National Bankshares lifted their price target on shares of Toromont Industries from C$126.00 to C$133.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, CIBC boosted their price objective on Toromont Industries from C$129.00 to C$131.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toromont Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of C$136.06.

Toromont Industries Stock Down 0.3 %

TSE:TIH traded down C$0.38 during mid-day trading on Monday, reaching C$122.69. The stock had a trading volume of 128,401 shares, compared to its average volume of 150,023. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The company has a market capitalization of C$10.01 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. Toromont Industries has a 1-year low of C$109.83 and a 1-year high of C$135.53. The stock's 50 day simple moving average is C$116.36 and its two-hundred day simple moving average is C$120.96.

Toromont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, January 6th were given a dividend of $0.48 per share. The ex-dividend date was Friday, December 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.56%. Toromont Industries's dividend payout ratio (DPR) is 31.18%.

Insider Buying and Selling

In other Toromont Industries news, Director Jeffrey Scott Chisholm acquired 4,500 shares of Toromont Industries stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$111.45 per share, for a total transaction of C$501,525.00. 0.27% of the stock is owned by corporate insiders.

About Toromont Industries

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.