Toromont Industries (OTCMKTS:TMTNF - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.57 by $0.25, Zacks reports. The business had revenue of $895.28 million for the quarter, compared to the consensus estimate of $846.03 million. Toromont Industries had a return on equity of 16.03% and a net margin of 9.56%.
Toromont Industries Stock Performance
Shares of Toromont Industries stock opened at $153.38 on Thursday. The company has a current ratio of 2.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26. The stock's fifty day moving average price is $147.52 and its 200-day moving average price is $130.61. The firm has a market cap of $12.51 billion and a P/E ratio of 111.96. Toromont Industries has a 12 month low of $80.15 and a 12 month high of $156.00.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Toromont Industries in a research note on Thursday, January 29th. Royal Bank Of Canada reissued an "outperform" rating on shares of Toromont Industries in a research note on Thursday, February 12th. TD Securities restated a "buy" rating on shares of Toromont Industries in a report on Tuesday, February 17th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Toromont Industries in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on Toromont Industries
About Toromont Industries
(
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Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.
The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.
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