Equities Analysts Set Expectations for TSE:TIH Q4 Earnings

Toromont Industries Ltd. (TSE:TIH) – Stock analysts at Raymond James decreased their Q4 2024 EPS estimates for shares of Toromont Industries in a report released on Wednesday, November 6th. Raymond James analyst S. Hansen now anticipates that the company will earn $1.60 per share for the quarter, down from their prior forecast of $1.79. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share.

Other analysts have also recently issued research reports about the stock. National Bank Financial cut shares of Toromont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. BMO Capital Markets reduced their target price on shares of Toromont Industries from C$143.00 to C$140.00 in a research note on Wednesday. TD Securities increased their price target on shares of Toromont Industries from C$140.00 to C$150.00 and gave the company a “buy” rating in a report on Thursday, August 1st. National Bankshares cut their price target on shares of Toromont Industries from C$135.00 to C$132.00 in a report on Tuesday. Finally, Royal Bank of Canada cut their price target on shares of Toromont Industries from C$142.00 to C$138.00 in a report on Wednesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Toromont Industries has an average rating of “Hold” and a consensus target price of C$135.00.

Toromont Industries Stock Down 0.5 %

TIH stock opened at C$118.65 on Thursday. Toromont Industries has a one year low of C$109.50 and a one year high of C$135.53. The stock has a market capitalization of C$9.72 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company has a debt-to-equity ratio of 24.08, a quick ratio of 1.38 and a current ratio of 2.64. The company has a fifty day moving average of C$127.07 and a 200-day moving average of C$124.34.

Toromont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, December 6th. This represents a $1.92 annualized dividend and a yield of 1.62%. Toromont Industries’s dividend payout ratio (DPR) is currently 30.62%.

Insider Buying and Selling at Toromont Industries

In other Toromont Industries news, Senior Officer Miles Sean Ryan Gregg sold 600 shares of the firm’s 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. In other news, Senior Officer Miles Sean Ryan Gregg sold 600 shares of Toromont Industries 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. Also, Director David Allan Malinauskas sold 2,500 shares of Toromont Industries stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$124.00, for a total transaction of C$310,000.00. In the last three months, insiders sold 4,500 shares of company stock worth $554,864. 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.