National Bank Financial Estimates TSE:TIH Q2 Earnings

Toromont Industries Ltd. (TSE:TIH - Free Report) - Investment analysts at National Bank Financial dropped their Q2 2025 earnings per share (EPS) estimates for shares of Toromont Industries in a report issued on Monday, July 14th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $1.51 per share for the quarter, down from their prior forecast of $1.59. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries' Q3 2025 earnings at $1.56 EPS.

A number of other analysts also recently commented on TIH. BMO Capital Markets decreased their price target on Toromont Industries from C$130.00 to C$128.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Canaccord Genuity Group reduced their target price on shares of Toromont Industries from C$134.00 to C$131.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Scotiabank dropped their price objective on 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. TD Securities lowered their target price on Toromont Industries from C$143.00 to C$136.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Raymond James Financial cut their price target on Toromont Industries from C$130.00 to C$122.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd. Three investment 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$130.75.

Toromont Industries Stock Down 1.3%

TIH traded down C$1.66 during midday trading on Wednesday, reaching C$128.74. 147,506 shares of the company were exchanged, compared to its average volume of 148,017. The company's fifty day moving average price is C$121.39 and its 200 day moving average price is C$117.80. Toromont Industries has a one year low of C$107.32 and a one year high of C$134.88. The company has a market cap of C$10.50 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company has a debt-to-equity ratio of 23.04, a quick ratio of 1.38 and a current ratio of 2.37.

Insider Activity

In related news, Senior Officer Jennifer Cochrane sold 5,000 shares of Toromont Industries stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$120.00, for a total value of C$600,000.00. Also, Director David Allan Malinauskas sold 250 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately C$71,226. The trade was a 29.41% decrease in their ownership of the stock. Insiders sold 15,450 shares of company stock worth $1,818,938 in the last quarter. Insiders own 0.27% of the company's stock.

Toromont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Thursday, July 3rd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.08 dividend on an annualized basis and a yield of 1.62%. Toromont Industries's dividend payout ratio is currently 31.18%.

Toromont Industries Company Profile

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.