Brokers Issue Forecasts for 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) - Analysts at Raymond James Financial boosted their FY2025 earnings per share (EPS) estimates for Toromont Industries in a report issued on Thursday, July 31st. Raymond James Financial analyst S. Hansen now anticipates that the company will post earnings of $5.91 per share for the year, up from their previous forecast of $5.75. Raymond James Financial has a "Market Perform" rating and a $125.00 price target 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.

Other analysts have also issued reports about the company. BMO Capital Markets boosted their price objective on Toromont Industries from C$140.00 to C$147.00 in a report on Wednesday, July 30th. Scotiabank boosted their price objective on Toromont Industries from C$132.00 to C$140.00 and gave the company a "sector perform" rating in a report on Thursday. National Bankshares lifted their target price on Toromont Industries from C$130.00 to C$140.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities lifted their target price on Toromont Industries from C$153.00 to C$154.00 and gave the company a "buy" rating in a research note on Thursday. Finally, CIBC lifted their target price on Toromont Industries from C$129.00 to C$148.00 and gave the company a "neutral" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$140.50.

Toromont Industries Price Performance

Shares of Toromont Industries stock opened at C$140.49 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. The firm has a market cap of C$11.46 billion, a P/E ratio of 22.82, a P/E/G ratio of 3.72 and a beta of 0.68. Toromont Industries has a fifty-two week low of C$107.32 and a fifty-two week high of C$142.05. The business has a 50-day moving average price of C$124.82 and a 200 day moving average price of C$119.29.

Toromont Industries Announces Dividend

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

Insider Transactions at Toromont Industries

In other news, Director David Allan Malinauskas sold 250 shares of the business'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 directly owned 600 shares in the company, valued at approximately C$71,226. The trade was a 29.41% decrease in their ownership of the stock. Also, Senior Officer Jennifer Cochrane sold 5,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$116.00, for a total value of C$580,000.00. Over the last three months, insiders sold 15,450 shares of company stock worth $1,818,938. Company insiders own 0.27% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.