National Bank Financial Comments on TSE:TIH FY2025 Earnings

Toromont Industries Ltd. (TSE:TIH) – Stock analysts at National Bank Financial raised their FY2025 earnings per share estimates for Toromont Industries in a report released on Wednesday, February 12th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $6.09 for the year, up from their previous forecast of $6.03. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries’ FY2025 earnings at $6.09 EPS.

Other analysts have also issued reports about the company. Scotiabank raised their price objective on Toromont Industries from C$132.00 to C$133.50 and gave the company a “sector perform” rating in a research note on Thursday. CIBC boosted their price target on Toromont Industries from C$129.00 to C$131.00 and gave the stock a “neutral” rating in a report on Thursday. Canaccord Genuity Group boosted their price target on Toromont Industries from C$130.00 to C$134.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets boosted their price target on Toromont Industries from C$134.00 to C$138.00 in a report on Wednesday, February 12th. Finally, National Bankshares boosted their price target on Toromont Industries from C$126.00 to C$133.00 and gave the stock an “outperform” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$136.06.

Toromont Industries Stock Performance

TSE:TIH opened at C$121.10 on Monday. The stock’s 50-day simple moving average is C$115.72 and its 200 day simple moving average is C$120.98. The firm has a market capitalization of C$9.88 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. Toromont Industries has a twelve month low of C$109.83 and a twelve month high of C$135.53.

Toromont Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, January 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, December 6th. Toromont Industries’s payout ratio is presently 31.18%.

Insider Activity at Toromont Industries

In related news, Director Jeffrey Scott Chisholm bought 4,500 shares of Toromont Industries stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of C$111.45 per share, for a total transaction of C$501,525.00. 0.27% of the stock is currently owned by company 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.