TSE:TIH

Toromont Industries Stock Forecast, Price & News

C$97.46
-0.18 (-0.18 %)
(As of 04/12/2021 12:00 AM ET)
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Today's Range
C$96.97
Now: C$97.46
C$97.97
50-Day Range
C$88.65
MA: C$93.02
C$100.46
52-Week Range
C$60.99
Now: C$97.46
C$100.56
Volume174,677 shs
Average Volume159,064 shs
Market CapitalizationC$8.04 billion
P/E Ratio31.54
Dividend Yield1.27%
BetaN/A
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 is involved 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. This segment serves building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets, as well as natural gas compression units, and hydrocarbon and petrochemical process systems. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.
Toromont Industries logo

Industry, Sector and Symbol

Industry Industrial Distribution
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone+1-416-6675511
Employees6,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$3.48 billion
Cash FlowC$7.21 per share
Book ValueC$20.60 per share

Profitability

Miscellaneous

Market CapC$8.04 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableNot Optionable

Headlines

Toromont Industries (TSE:TIH) Hits New 1-Year High at $95.48
March 29, 2021 |  americanbankingnews.com
Here's what Wall Street expects from Toromont Industries's earnings
February 10, 2021 |  markets.businessinsider.com
Toromont to Announce 2020 Annual Results on February 10
January 27, 2021 |  markets.businessinsider.com
TSX rises 0.62% to 17,792.83
January 6, 2021 |  reuters.com
Toromont Industries Ltd. to Host Earnings Call
November 6, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.18 out of 5 stars

Analyst Opinion: 2.4Community Rank: 2.1Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
C$97.46
-0.18 (-0.18 %)
(As of 04/12/2021 12:00 AM ET)
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Toromont Industries (TSE:TIH) Frequently Asked Questions

Is Toromont Industries a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toromont Industries in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Toromont Industries stock.
View analyst ratings for Toromont Industries
or view top-rated stocks.

What stocks does MarketBeat like better than Toromont Industries?

Wall Street analysts have given Toromont Industries a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Toromont Industries wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Toromont Industries' next earnings date?

Toromont Industries is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Toromont Industries
.

How were Toromont Industries' earnings last quarter?

Toromont Industries Ltd. (TSE:TIH) posted its quarterly earnings data on Wednesday, February, 10th. The company reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.10 by $0.02. The firm had revenue of $992.20 million for the quarter, compared to analysts' expectations of $984 million.
View Toromont Industries' earnings history
.

How has Toromont Industries' stock been impacted by COVID-19 (Coronavirus)?

Toromont Industries' stock was trading at C$63.46 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TIH shares have increased by 53.6% and is now trading at C$97.46.
View which stocks have been most impacted by COVID-19
.

How often does Toromont Industries pay dividends? What is the dividend yield for Toromont Industries?

Toromont Industries announced a quarterly dividend on Wednesday, February 10th. Shareholders of record on Tuesday, March 9th will be given a dividend of 0.31 per share on Thursday, April 1st. This represents a $1.24 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, March 8th.
View Toromont Industries' dividend history
.

Is Toromont Industries a good dividend stock?

Toromont Industries pays an annual dividend of C$1.24 per share and currently has a dividend yield of 1.27%. The dividend payout ratio of Toromont Industries is 40.13%. This payout ratio is at a healthy, sustainable level, below 75%.
View Toromont Industries' dividend history.

What price target have analysts set for TIH?

7 analysts have issued 1-year target prices for Toromont Industries' stock. Their forecasts range from C$95.00 to C$115.00. On average, they anticipate Toromont Industries' share price to reach C$99.88 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
View analysts' price targets for Toromont Industries
or view top-rated stocks among Wall Street analysts.

Who are Toromont Industries' key executives?

Toromont Industries' management team includes the following people:
  • Mr. Scott J. Medhurst, CEO, Pres & Director (Age 59, Pay $2.19M)
  • Mr. Michael P. Cuddy, Chief Information Officer & VP
  • Mr. Paul R. Jewer, Exec. VP (Age 57, Pay $1.11M)
  • Mr. Miles Sean Ryan Gregg, Sr. VP of Toromont Cat
  • Mr. Michael Stanley Howie McMillan, Exec. VP & CFO
  • Ms. Lynn M. Korbak, Gen. Counsel & Corp. Sec.
  • Mr. David Alan Malinauskas, Pres of CIMCO Refrigeration
  • Mr. Colin Goheen, Pres of Battlefield Equipment Rentals

Who are some of Toromont Industries' key competitors?

What other stocks do shareholders of Toromont Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Toromont Industries investors own include National Bank of Canada (NA), The 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).

What is Toromont Industries' stock symbol?

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

How do I buy shares of Toromont Industries?

Shares of TIH 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.
Compare Top Brokerages Here.

What is Toromont Industries' stock price today?

One share of TIH stock can currently be purchased for approximately C$97.46.

How much money does Toromont Industries make?

Toromont Industries has a market capitalization of C$8.04 billion and generates C$3.48 billion in revenue each year.

How many employees does Toromont Industries have?

Toromont Industries employs 6,000 workers across the globe.

What is Toromont Industries' official website?

The official website for Toromont Industries is www.toromont.com.

Where are Toromont Industries' headquarters?

Toromont Industries is headquartered at 3131 Highway 7 West, Stn Main PO Box 5511, CONCORD, ON L4K 5B7, Canada.

How can I contact Toromont Industries?

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


This page was last updated on 4/13/2021 by MarketBeat.com Staff
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