Toromont Industries (TMTNF) Expected to Announce Quarterly Earnings on Tuesday

Toromont Industries (OTCMKTS:TMTNF) is projected to announce its resultson Tuesday, April 28th. Analysts expect the company to announce earnings of $0.5750 per share and revenue of $846.0320 million for the quarter.

Toromont Industries (OTCMKTS:TMTNF) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.35. The firm had revenue of $764.29 million during the quarter, compared to analysts’ expectations of $848.84 million. Toromont Industries had a return on equity of 16.03% and a net margin of 9.56%.

Toromont Industries Stock Performance

Toromont Industries stock opened at $154.00 on Tuesday. The stock has a market cap of $12.56 billion and a PE ratio of 112.41. The stock has a 50-day moving average price of $146.08 and a 200 day moving average price of $128.72. Toromont Industries has a 52 week low of $80.15 and a 52 week high of $154.78. The company has a current ratio of 2.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

A number of analysts recently commented on TMTNF shares. BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a report on Thursday, February 12th. Finally, TD Securities restated a “buy” rating on shares of Toromont Industries in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Toromont Industries

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.