Q3 EPS Forecast for Toromont Industries Lowered by Analyst

Toromont Industries Ltd. (TSE:TIH - Free Report) - Research analysts at National Bank Financial lowered their Q3 2025 earnings estimates for Toromont Industries in a report released on Thursday, May 1st. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $1.57 per share for the quarter, down from their prior estimate of $1.66. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share.

TIH has been the subject of a number of other research reports. Royal Bank of Canada upped their price target on Toromont Industries from C$138.00 to C$139.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. TD Securities reduced their target price on Toromont Industries from C$143.00 to C$136.00 and set a "buy" rating for the company in a research note on Monday. Scotiabank dropped their price target on shares of Toromont Industries from C$133.50 to C$128.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. CIBC reduced their price objective on shares of Toromont Industries from C$130.00 to C$120.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Finally, BMO Capital Markets dropped their target price on shares of Toromont Industries from C$130.00 to C$128.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$129.63.

Toromont Industries Price Performance

Shares of Toromont Industries stock traded up C$2.13 during trading hours on Monday, reaching C$112.46. The stock had a trading volume of 141,191 shares, compared to its average volume of 150,269. Toromont Industries has a twelve month low of C$107.32 and a twelve month high of C$134.88. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04. The firm has a market capitalization of C$9.17 billion, a PE ratio of 18.26, a PEG ratio of 3.72 and a beta of 0.68. The stock's 50 day moving average is C$114.23 and its 200 day moving average is C$116.66.

Insider Transactions at Toromont Industries

In other Toromont Industries news, Senior Officer Jennifer Cochrane sold 5,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$115.00, for a total value of C$575,000.00. Also, Director Frederick James Mifflin purchased 500 shares of the stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of C$110.05 per share, for a total transaction of C$55,025.00. Over the last three months, insiders have sold 10,200 shares of company stock valued at $1,204,504. Corporate insiders own 0.27% of the company's stock.

Toromont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, April 4th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.85%. This is a boost from Toromont Industries's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 7th. Toromont Industries's dividend payout ratio is 31.18%.

About Toromont Industries

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.