FY2026 EPS Estimates for TSE:TIH Increased by Analyst

Key Points

• National Bank Financial raised their FY2026 earnings per share (EPS) estimate for Toromont Industries (TSE:TIH) from $6.67 to $6.78, signaling positive financial outlook for the company.
• The company recently announced a quarterly dividend of $0.52 per share, reflecting an annualized dividend yield of 1.4%.
• Toromont Industries' stock has seen a 2.1% increase recently, with a consensus rating of "Moderate Buy" from analysts.

Toromont Industries Ltd. (TSE:TIH - Free Report) - Investment analysts at National Bank Financial boosted their FY2026 earnings per share (EPS) estimates for shares of Toromont Industries in a research report issued on Tuesday, September 23rd. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $6.78 per share for the year, up from their prior forecast of $6.67. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries' FY2027 earnings at $7.49 EPS.

TIH has been the subject of a number of other research reports. TD Securities upped their price target on Toromont Industries from C$153.00 to C$154.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. CIBC upped their price target on Toromont Industries from C$129.00 to C$148.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. BMO Capital Markets raised their price objective on Toromont Industries from C$140.00 to C$147.00 in a research report on Wednesday, July 30th. Raymond James Financial lifted their target price on shares of Toromont Industries from C$122.00 to C$125.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Finally, National Bankshares boosted their price target on Toromont Industries from C$140.00 to C$164.00 and gave the stock an "outperform" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$143.50.

Toromont Industries Stock Up 2.1%

Shares of TSE TIH opened at C$152.86 on Thursday. The company has a market cap of C$12.44 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.72 and a beta of 0.65. The firm's fifty day moving average is C$142.21 and its 200 day moving average is C$125.94. 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 52 week low of C$107.32 and a 52 week high of C$156.56.

Toromont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, October 3rd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 5th. Toromont Industries's dividend payout ratio is 33.84%.

Insiders Place Their Bets

In related news, insider Mike Cuddy sold 7,500 shares of Toromont Industries stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of C$146.00, for a total transaction of C$1,095,000.00. Following the transaction, the insider directly owned 36,955 shares in the company, valued at approximately C$5,395,430. The trade was a 16.87% decrease in their ownership of the stock. Also, Director David Allan Malinauskas sold 6,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$146.10, for a total value of C$876,600.00. 0.27% of the stock is currently owned by company insiders.

About Toromont Industries

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.

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