Toromont Industries (TIH) to Release Earnings on Wednesday

Toromont Industries (TSE:TIH - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$1.12 per share for the quarter.

Toromont Industries (TSE:TIH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported C$1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.73 by C$0.13. Toromont Industries had a return on equity of 21.13% and a net margin of 11.57%. The company had revenue of C$1.23 billion during the quarter, compared to the consensus estimate of C$1.19 billion.

Toromont Industries Stock Performance

TSE:TIH traded down C$0.28 during trading hours on Wednesday, reaching C$130.14. The company had a trading volume of 92,453 shares, compared to its average volume of 95,385. Toromont Industries has a 1-year low of C$100.81 and a 1-year high of C$135.53. The firm has a market cap of C$10.71 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.72 and a beta of 0.72. The business's 50 day moving average price is C$128.06 and its 200-day moving average price is C$118.46. The company has a debt-to-equity ratio of 25.41, a current ratio of 2.64 and a quick ratio of 1.38.

Toromont Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, April 4th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Toromont Industries's previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.48%. Toromont Industries's payout ratio is presently 30.09%.

Insiders Place Their Bets

In other Toromont Industries news, Senior Officer Mike Cuddy sold 4,800 shares of the business's stock in a transaction on Friday, February 16th. The stock was sold at an average price of C$125.10, for a total transaction of C$600,480.00. In other Toromont Industries news, Senior Officer Mike Cuddy sold 4,800 shares of the business's stock in a transaction on Friday, February 16th. The stock was sold at an average price of C$125.10, for a total transaction of C$600,480.00. Also, Senior Officer Jennifer Cochrane sold 3,000 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$125.00, for a total value of C$375,000.00. Over the last 90 days, insiders have sold 21,700 shares of company stock valued at $2,727,180. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

TIH has been the subject of a number of analyst reports. Scotiabank boosted their price target on Toromont Industries from C$125.00 to C$133.00 and gave the company a "sector perform" rating in a report on Thursday, February 15th. CIBC boosted their price objective on Toromont Industries from C$123.00 to C$130.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. National Bankshares set a C$137.00 price objective on Toromont Industries and gave the company an "outperform" rating in a research report on Thursday, February 15th. Canaccord Genuity Group boosted their price objective on Toromont Industries from C$123.00 to C$138.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Finally, TD Securities boosted their price objective on Toromont Industries from C$130.00 to C$140.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$135.38.

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.