Toromont Industries - TIH Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TIH shares.
View TIH analyst ratings or view top-rated stocks.

6 analysts have issued 1 year price objectives for Toromont Industries' stock. Their TIH share price forecasts range from C$113.00 to C$131.00. On average, they expect the company's share price to reach C$123.71 in the next year. This suggests a possible upside of 11.4% from the stock's current price.
View analysts price targets for TIH or view top-rated stocks among Wall Street analysts.

Toromont Industries' stock was trading at C$97.71 at the start of the year. Since then, TIH shares have increased by 13.6% and is now trading at C$111.02.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our TIH earnings forecast.

Toromont Industries Ltd. (TSE:TIH) announced its quarterly earnings results on Tuesday, July, 25th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.04. The firm had revenue of $530.93 million for the quarter, compared to the consensus estimate of $550.60 million. Toromont Industries had a trailing twelve-month return on equity of 21.23% and a net margin of 10.74%.

Toromont Industries declared a quarterly dividend on Wednesday, March 8th. Shareholders of record on Tuesday, April 4th will be given a dividend of 0.43 per share on Tuesday, April 4th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, March 8th. This is an increase from the stock's previous quarterly dividend of C$0.39.
Read our dividend analysis for TIH.

Toromont Industries (TSE:TIH) pays an annual dividend of C$1.72 per share and currently has a dividend yield of 1.61%. The dividend payout ratio is 31.56%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TIH.

Based on aggregate information from My MarketBeat watchlists, some companies that other Toromont Industries investors own include National Bank of Canada (NA), Bank of Nova Scotia (BNS), Dollarama (DOL), Enerflex (EFX), Alimentation Couche-Tard (ATD.B), BRP (DOO), Exchange Income (EIF), Fortis (FTS), CGI (GIB.A) and Inter Pipeline (IPL).

Toromont Industries trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TIH."

Shares of TIH stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of TIH stock can currently be purchased for approximately C$111.02.

Toromont Industries (TSE:TIH) has a market capitalization of C$9.14 billion and generates C$4.23 billion in revenue each year. The company earns C$454.20 million in net income (profit) each year or C$5.45 on an earnings per share basis.

The company employs 6,400 workers across the globe.

Toromont Industries' mailing address is 3131 Highway 7 West, Stn Main PO Box 5511, CONCORD, ON L4K 5B7, Canada. The official website for the company is www.toromont.com. The company can be reached via phone at +1-416-6675511.