Toromont Industries (TMTNF) Set to Post Earnings on Monday

Key Points

• Toromont Industries is expected to report earnings after Monday’s market close, with analysts forecasting quarterly EPS of $1.05 and revenue of $1.07 billion.
• In its previous quarter, the company delivered $1.09 EPS, beating estimates of $0.85, but revenue of $797.03 million fell short of the $1.04 billion consensus.
• The stock opened at $142.72, below its 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus based on four Buy and three Hold ratings.

Toromont Industries (OTCMKTS:TMTNF - Get Free Report) is projected to issue its results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $1.05 per share and revenue of $1.07 billion for the quarter.

Toromont Industries (OTCMKTS:TMTNF - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.24. Toromont Industries had a return on equity of 15.53% and a net margin of 9.25%. The firm had revenue of $797.03 million during the quarter, compared to the consensus estimate of $1.04 billion.

Toromont Industries Stock Performance

Toromont Industries stock opened at $142.72 on Monday. The stock has a 50-day moving average price of $151.20 and a 200 day moving average price of $155.65. The company has a market capitalization of $11.65 billion and a price-to-earnings ratio of 43.51. Toromont Industries has a 52 week low of $112.62 and a 52 week high of $169.25. The company has a quick ratio of 1.68, a current ratio of 2.73 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Scotiabank reissued a "sector perform" rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of Toromont Industries in a report on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Toromont Industries in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Toromont Industries Company Profile

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.

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