Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.
A number of analysts have recently issued reports on TMTNF shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a report on Monday, May 4th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a report on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Thursday, April 30th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a report on Thursday, April 30th.
Read Our Latest Stock Report on TMTNF
Toromont Industries Price Performance
Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.56 by $0.26. The company had revenue of $895.28 million for the quarter, compared to the consensus estimate of $842.94 million. Toromont Industries had a net margin of 9.63% and a return on equity of 16.35%.
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.
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