Toromont Industries (TIH) Scheduled to Post Quarterly Earnings on Monday

Toromont Industries (TSE:TIH) is set to release 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) last posted its quarterly 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 firm had revenue of C$1.36 billion for the quarter, compared to analyst estimates of C$1.19 billion.

Toromont Industries Trading Down 0.9 %

Shares of TSE TIH opened at C$126.09 on Monday. 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 has a one year low of C$100.81 and a one year high of C$135.53. The business has a 50-day moving average price of C$127.08 and a two-hundred day moving average price of C$124.91. The firm has a market capitalization of C$10.33 billion, a PE ratio of 20.11, a PEG ratio of 3.72 and a beta of 0.68.

Toromont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors 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 1.52%. The ex-dividend date of this dividend was Friday, September 6th. Toromont Industries’s dividend payout ratio is currently 30.62%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TIH shares. Scotiabank set a C$136.00 target price on shares of Toromont Industries and gave the stock a “sector perform” rating in a research report on Wednesday, August 21st. National Bank Financial lowered Toromont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. BMO Capital Markets upped their target price on Toromont Industries from C$136.00 to C$143.00 in a research report on Friday, October 18th. National Bankshares downgraded Toromont Industries from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price target on Toromont Industries from C$137.00 to C$142.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$138.00.

Insider Transactions at Toromont Industries

In other Toromont Industries news, Senior Officer Jennifer Cochrane sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 other news, Senior Officer Jennifer Cochrane sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$123.00, for a total transaction of C$123,000.00. Also, Senior Officer Miles Sean Ryan Gregg sold 600 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$125.19, for a total transaction of C$75,114.00. Over the last ninety days, insiders have sold 5,500 shares of company stock worth $677,864. Company insiders own 0.27% of the company’s stock.

Toromont Industries Company Profile

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.