Raymond James Financial Estimates TSE:TIH FY2025 Earnings

Key Points

• Raymond James Financial raised their FY2025 earnings per share estimate for Toromont Industries to $5.91, up from a previous forecast of $5.75, while maintaining a "Market Perform" rating and a price target of $125.00.
• Several analysts, including BMO Capital Markets and Scotiabank, have recently increased their price targets for the stock, with new estimates ranging from C$140.00 to C$154.00.
• Toromont Industries declared a quarterly dividend of $0.52 per share, which equates to an annualized dividend of $2.08 and a yield of 1.5%, scheduled for payment on October 3rd.

Toromont Industries Ltd. (TSE:TIH - Free Report) - Research analysts at Raymond James Financial raised their FY2025 EPS estimates for Toromont Industries in a research note issued on Thursday, July 31st. Raymond James Financial analyst S. Hansen now anticipates that the company will post earnings per share of $5.91 for the year, up from their previous estimate of $5.75. Raymond James Financial currently has a "Market Perform" rating and a $125.00 price objective on the stock. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share. Raymond James Financial also issued estimates for Toromont Industries' Q4 2025 earnings at $1.94 EPS and FY2026 earnings at $6.10 EPS.

TIH has been the subject of a number of other research reports. TD Securities increased their target price on shares of Toromont Industries from C$153.00 to C$154.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. National Bankshares raised their price target on shares of Toromont Industries from C$130.00 to C$140.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Canaccord Genuity Group cut their price target on shares of Toromont Industries from C$134.00 to C$131.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Scotiabank raised their target price on shares of Toromont Industries from C$132.00 to C$140.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, CIBC raised their target price on shares of Toromont Industries from C$129.00 to C$148.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toromont Industries has an average rating of "Moderate Buy" and an average price target of C$140.50.

Toromont Industries Trading Down 1.5%

Shares of TSE:TIH traded down C$2.14 during mid-day trading on Monday, hitting C$141.50. The stock had a trading volume of 51,934 shares, compared to its average volume of 148,278. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37. The company has a market cap of C$11.54 billion, a PE ratio of 22.98, a P/E/G ratio of 3.72 and a beta of 0.68. Toromont Industries has a 12-month low of C$107.32 and a 12-month high of C$143.75. The company's 50 day moving average is C$126.19 and its 200-day moving average is C$119.79.

Toromont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 5th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.5%. Toromont Industries's payout ratio is 31.18%.

Insider Transactions at Toromont Industries

In other news, Senior Officer Jennifer Cochrane sold 5,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$120.00, for a total transaction of C$600,000.00. Also, Director David Allan Malinauskas sold 250 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$118.71, for a total transaction of C$29,677.50. Following the completion of the transaction, the director owned 600 shares in the company, valued at approximately C$71,226. This trade represents a 29.41% decrease in their ownership of the stock. Insiders sold a total of 15,450 shares of company stock worth $1,818,938 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems.