Scotiabank Weighs in on TSE:TIH FY2026 Earnings

Key Points

• Scotiabank expects Toromont Industries to earn C$7.99 per share in FY2026 and C$9.20 in FY2027, above the current full-year consensus estimate of C$6.59. The bank maintains an “Outperform” rating and a C$239 price target.
• Toromont reported quarterly EPS of C$2.20 on C$1.60 billion in revenue, with a 9.26% net margin and 15.53% return on equity.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and average price target of C$247.20. The company also pays a quarterly dividend of C$0.56, implying a 1.1% annual yield.

Toromont Industries Ltd. (TSE:TIH - Free Report) - Analysts at Scotiabank issued their FY2026 EPS estimates for shares of Toromont Industries in a research note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman anticipates that the company will post earnings per share of $7.99 for the year. Scotiabank has an "Outperform" rating and a $239.00 price target on the stock. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share. Scotiabank also issued estimates for Toromont Industries' FY2027 earnings at $9.20 EPS.

Toromont Industries (TSE:TIH - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$2.20 earnings per share for the quarter. Toromont Industries had a net margin of 9.26% and a return on equity of 15.53%. The business had revenue of C$1.60 billion for the quarter.

TIH has been the subject of several other research reports. Canadian Imperial Bank of Commerce boosted their price target on Toromont Industries from C$240.00 to C$242.00 in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price objective on Toromont Industries from C$256.00 to C$265.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Stifel Nicolaus set a C$250.00 price objective on Toromont Industries and gave the company a "buy" rating in a research report on Wednesday, September 30th. Raymond James Financial lifted their price objective on Toromont Industries from C$235.00 to C$250.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Finally, BMO Capital Markets boosted their target price on Toromont Industries from C$247.00 to C$248.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$247.20.

Toromont Industries Stock Performance

Shares of TIH opened at C$197.31 on Monday. The company has a market cap of C$16.09 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 3.72 and a beta of 0.83. The business's fifty day simple moving average is C$210.29 and its two-hundred day simple moving average is C$216.65. Toromont Industries has a 12 month low of C$153.50 and a 12 month high of C$243.50. The company has a current ratio of 2.73, a quick ratio of 1.38 and a debt-to-equity ratio of 24.76.

Toromont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.1%. Toromont Industries's dividend payout ratio (DPR) is presently 34.39%.

Toromont Industries Company Profile

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.

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