Toromont Industries (TIH) to Release Earnings on Wednesday

Toromont Industries (TSE:TIH) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$1.12 per share for the quarter.

Toromont Industries (TSE:TIH) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$1.86 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.73 by C$0.13. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. The firm had revenue of C$1.23 billion for the quarter, compared to the consensus estimate of C$1.19 billion.

Toromont Industries Stock Up 0.2 %

Toromont Industries stock opened at C$129.50 on Monday. The company has a debt-to-equity ratio of 25.41, a current ratio of 2.64 and a quick ratio of 1.38. Toromont Industries has a 1-year low of C$100.81 and a 1-year high of C$135.53. The company has a market cap of C$10.66 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 3.72 and a beta of 0.72. The stock’s 50 day moving average price is C$128.37 and its 200 day moving average price is C$118.85.

Toromont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, April 4th were paid a $0.48 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Toromont Industries’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.48%. Toromont Industries’s payout ratio is 30.09%.

Insider Buying and Selling at Toromont Industries

In other Toromont Industries news, Director William John Harvey sold 300 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$125.90, for a total transaction of C$37,770.00. In other Toromont Industries news, Director William John Harvey sold 300 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$125.90, for a total transaction of C$37,770.00. Also, Senior Officer Jennifer Cochrane sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of C$128.00, for a total value of C$384,000.00. Over the last 90 days, insiders sold 21,700 shares of company stock valued at $2,727,180. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

TIH has been the topic of a number of research analyst reports. National Bankshares set a C$137.00 target price on Toromont Industries and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Raymond James boosted their target price on Toromont Industries from C$125.00 to C$135.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their target price on Toromont Industries from C$125.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. CIBC boosted their target price on Toromont Industries from C$123.00 to C$130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, TD Securities boosted their target price on Toromont Industries from C$130.00 to C$140.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$135.38.

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.