Toromont Industries (TSE:TIH) will be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect Toromont Industries to post earnings of C$0.88 per share for the quarter.

Toromont Industries (TSE:TIH) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.48 EPS for the quarter, missing the consensus estimate of C$0.49 by C($0.01). The company had revenue of C$699.97 million for the quarter, compared to analyst estimates of C$732.00 million.

TIH stock opened at C$62.11 on Tuesday. The company has a debt-to-equity ratio of 50.75, a quick ratio of 0.63 and a current ratio of 1.62. The firm has a market capitalization of $5.10 billion and a PE ratio of 19.60. The stock’s 50 day moving average is C$61.59. Toromont Industries has a 52 week low of C$51.02 and a 52 week high of C$70.62.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, July 3rd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, June 6th. Toromont Industries’s dividend payout ratio is currently 30.29%.

In other news, Director Randall Casson sold 17,700 shares of Toromont Industries stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$60.75, for a total value of C$1,075,275.00. Following the transaction, the director now owns 120,000 shares of the company’s stock, valued at C$7,290,000.

Several analysts recently commented on the stock. Raymond James restated an “average” rating on shares of PPL in a report on Monday, May 6th. TD Securities raised their price target on shares of Westshore Terminals Investment from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Monday, May 6th. CIBC decreased their price target on shares of Toromont Industries from C$70.00 to C$68.00 in a report on Monday, May 6th. Royal Bank of Canada decreased their price target on shares of West Fraser Timber from C$77.00 to C$75.00 and set an “outperform” rating for the company in a report on Monday. Finally, National Bank Financial decreased their price target on shares of Toromont Industries from C$70.00 to C$65.00 and set a “sector perform” rating for the company in a report on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$68.63.

About Toromont Industries

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.

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Earnings History for Toromont Industries (TSE:TIH)

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