TSE:TIH FY2025 EPS Increased by National Bank Financial

Key Points

• National Bank Financial has raised its FY2025 earnings estimate for Toromont Industries Ltd. to $6.09 per share from a previous estimate of $5.84.
• The company's quarterly dividend of $0.52 per share is set to be paid on October 3rd, 2023, reflecting a 1.5% yield.
• Multiple research analysts have revised their price targets for Toromont, with the consensus rating being a "Moderate Buy" and an average price target of C$140.50.

Toromont Industries Ltd. (TSE:TIH - Free Report) - Analysts at National Bank Financial boosted their FY2025 earnings per share estimates for Toromont Industries in a research note issued to investors on Wednesday, July 30th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $6.09 for the year, up from their prior estimate of $5.84. The consensus estimate for Toromont Industries' current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries' FY2026 earnings at $6.67 EPS.

TIH has been the topic of a number of other research reports. CIBC lifted their target price on Toromont Industries from C$129.00 to C$148.00 and gave the company a "neutral" rating in a research report on Thursday. TD Securities lifted their target price on Toromont Industries from C$153.00 to C$154.00 and gave the company a "buy" rating in a research report on Thursday. BMO Capital Markets lifted their target price on Toromont Industries from C$140.00 to C$147.00 in a research report on Wednesday, July 30th. Canaccord Genuity Group reduced their target price on Toromont Industries from C$134.00 to C$131.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, National Bankshares lifted their target price on Toromont Industries from C$130.00 to C$140.00 and gave the company an "outperform" rating in a research report on Thursday. Three research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$140.50.

Toromont Industries Stock Performance

TIH remained flat at C$140.49 during trading on Friday. The company's stock had a trading volume of 164,032 shares, compared to its average volume of 148,085. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. Toromont Industries has a one year low of C$107.32 and a one year high of C$142.05. The business's fifty day moving average price is C$124.82 and its two-hundred day moving average price is C$119.29. The company has a market cap of C$11.46 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68.

Insider Buying and Selling at Toromont Industries

In other news, Senior Officer Jennifer Cochrane sold 5,000 shares of Toromont Industries stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$116.00, for a total transaction of C$580,000.00. Also, Director David Allan Malinauskas sold 250 shares of Toromont Industries stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of C$118.71, for a total value of C$29,677.50. Following the sale, the director directly owned 600 shares in the company, valued at approximately C$71,226. The trade was a 29.41% decrease in their ownership of the stock. Insiders have sold 15,450 shares of company stock valued at $1,818,938 over the last three months. 0.27% of the stock is owned by company insiders.

Toromont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 5th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.5%. Toromont Industries's dividend payout ratio (DPR) is presently 31.18%.

About Toromont Industries

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems.