Toromont Industries (OTCMKTS:TMTNF) Issues Quarterly Earnings Results

Key Points

• Toromont Industries reported quarterly EPS of $1.67, exceeding analysts’ consensus estimate of $1.48 by $0.19. The company posted a 15.53% return on equity and a 9.25% net margin.
• The stock fell 1.2% to $137 during Monday trading, with a market capitalization of approximately $11.18 billion and a price-to-earnings ratio of 41.77.
• Analyst sentiment remains favorable, with four Buy ratings and three Hold ratings, resulting in a consensus rating of “Moderate Buy.”

Toromont Industries (OTCMKTS:TMTNF - Get Free Report) issued its earnings results on Monday. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.19, Zacks reports. Toromont Industries had a return on equity of 15.53% and a net margin of 9.25%.

Toromont Industries Trading Down 1.2%

Toromont Industries stock traded down $1.70 during trading on Monday, reaching $137.00. The company had a trading volume of 22,739 shares, compared to its average volume of 33,223. The firm has a market capitalization of $11.18 billion and a price-to-earnings ratio of 41.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 2.73. The stock's 50 day moving average price is $150.43 and its two-hundred day moving average price is $150.82. Toromont Industries has a 12-month low of $112.62 and a 12-month high of $169.25.

Wall Street Analyst Weigh In

TMTNF has been the subject of several research analyst reports. Scotiabank reiterated a "sector perform" rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of Toromont Industries in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Toromont Industries in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Toromont Industries Company Profile

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.

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