Q2 EPS Estimate for Toromont Industries Reduced by Analyst

Toromont Industries Ltd. (TSE:TIH - Free Report) - Research analysts at Raymond James cut their Q2 2025 earnings per share (EPS) estimates for shares of Toromont Industries in a report released on Thursday, May 1st. Raymond James analyst S. Hansen now forecasts that the company will earn $1.45 per share for the quarter, down from their previous estimate of $1.60. Raymond James currently has a "Market Perform" rating and a $122.00 target price on the stock. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share. Raymond James also issued estimates for Toromont Industries' Q3 2025 earnings at $1.54 EPS and Q4 2025 earnings at $1.85 EPS.

Several other research analysts also recently weighed in on the stock. TD Securities decreased their price target on shares of Toromont Industries from C$143.00 to C$136.00 and set a "buy" rating on the stock in a research report on Monday. National Bankshares raised their target price on shares of Toromont Industries from C$126.00 to C$133.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. BMO Capital Markets reduced their price target 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. Royal Bank of Canada upped their price objective on Toromont Industries from C$138.00 to C$139.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Scotiabank cut 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 report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$129.63.

Toromont Industries Stock Down 0.7 %

TSE TIH traded down C$0.82 during trading hours on Monday, reaching C$114.62. 26,663 shares of the company's stock traded hands, compared to its average volume of 149,618. Toromont Industries has a 52-week low of C$107.32 and a 52-week high of C$134.88. The firm has a market cap of C$9.35 billion, a PE ratio of 18.61, a PEG ratio of 3.72 and a beta of 0.68. The firm has a 50-day simple moving average of C$113.94 and a 200 day simple moving average of C$116.40. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38.

Toromont Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, April 4th were paid a dividend of $0.52 per share. This is a boost from Toromont Industries's previous quarterly dividend of $0.48. This represents a $2.08 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Friday, March 7th. Toromont Industries's dividend payout ratio (DPR) is currently 31.18%.

Insider Activity

In related news, Director Frederick James Mifflin acquired 500 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of C$110.05 per share, for a total transaction of C$55,025.00. Also, Senior Officer Jennifer Cochrane sold 5,000 shares of Toromont Industries stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$115.00, for a total value of C$575,000.00. Insiders sold a total of 10,200 shares of company stock valued at $1,204,504 in the last 90 days. 0.27% of the stock is currently owned by insiders.

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.