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

Toromont Industries (TSE:TIH) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of C$1.67 per share for the quarter.

Toromont Industries (TSE:TIH) last released its earnings results on Tuesday, July 30th. The company reported C$1.64 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.53 by C$0.11. Toromont Industries had a net margin of 10.86% and a return on equity of 19.65%. The company had revenue of C$1.36 billion for the quarter, compared to analysts’ expectations of C$1.19 billion.

Toromont Industries Stock Up 0.5 %

TIH opened at C$123.66 on Friday. The company has a debt-to-equity ratio of 24.08, a quick ratio of 1.38 and a current ratio of 2.64. Toromont Industries has a fifty-two week low of C$107.82 and a fifty-two week high of C$135.53. The firm’s fifty day moving average is C$127.32 and its 200 day moving average is C$124.69. The stock has a market cap of C$10.13 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68.

Toromont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, September 6th. Toromont Industries’s dividend payout ratio (DPR) is 30.62%.

Wall Street Analyst Weigh In

Several brokerages have commented on TIH. BMO Capital Markets boosted their price target on shares of Toromont Industries from C$136.00 to C$143.00 in a research note on Friday, October 18th. Royal Bank of Canada upped their target price on shares of Toromont Industries from C$137.00 to C$142.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Securities upped their target price on shares of Toromont Industries from C$140.00 to C$150.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. National Bankshares cut shares of Toromont Industries from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial cut shares of Toromont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$138.00.

Insider Transactions at Toromont Industries

In other Toromont Industries news, Director David Allan Malinauskas sold 2,500 shares of the stock in a transaction that occurred on 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 related news, Director David Allan Malinauskas sold 2,500 shares of Toromont Industries stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$124.00, for a total value of C$310,000.00. Also, Senior Officer Jennifer Cochrane sold 1,400 shares of Toromont Industries stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$121.25, for a total transaction of C$169,750.00. Insiders have sold 5,500 shares of company stock worth $677,864 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

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.