Raymond James Issues Negative Forecast for TSE:TIH Earnings

Toromont Industries Ltd. (TSE:TIH) – Raymond James lowered their Q2 2025 earnings estimates for Toromont Industries in a report issued on Thursday, May 1st. Raymond James analyst S. Hansen now forecasts that the company will earn $1.45 per share for the quarter, down from their previous estimate of $1.60. Raymond James currently has a “Market Perform” rating and a $122.00 target price on the stock. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share. Raymond James also issued estimates for Toromont Industries’ Q3 2025 earnings at $1.54 EPS and Q4 2025 earnings at $1.85 EPS.

TIH has been the topic of a number of other research reports. CIBC cut their price objective on Toromont Industries from C$130.00 to C$120.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets reduced their price target on Toromont Industries from C$130.00 to C$128.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. TD Securities lowered their price objective on Toromont Industries from C$143.00 to C$136.00 and set a “buy” rating for the company in a research report on Monday. National Bankshares upped their target price on shares of Toromont Industries from C$126.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Scotiabank decreased their price target on shares of Toromont Industries from C$133.50 to C$128.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toromont Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.63.

Toromont Industries Price Performance

Shares of TIH opened at C$110.33 on Monday. 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 fifty-two week low of C$107.32 and a fifty-two week high of C$134.88. The company has a market cap of C$9.00 billion, a P/E ratio of 17.92, a PEG ratio of 3.72 and a beta of 0.68. The firm’s 50 day moving average price is C$114.23 and its 200 day moving average price is C$116.66.

Toromont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, April 4th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.08 dividend on an annualized basis and a yield of 1.89%. This is a boost from Toromont Industries’s previous quarterly dividend of $0.48. Toromont Industries’s dividend payout ratio (DPR) is presently 31.18%.

Insider Transactions at Toromont Industries

In other news, Director Frederick James Mifflin bought 500 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of C$110.05 per share, with a total value of C$55,025.00. Also, Senior Officer Jennifer Cochrane sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$115.00, for a total value of C$575,000.00. In the last quarter, insiders sold 10,200 shares of company stock worth $1,204,504. 0.27% of the stock is currently owned by insiders.

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 engages 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.