Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.
Several research analysts have commented on TMTNF shares. Raymond James Financial upgraded shares of Toromont Industries to a “market perform” rating in a report on Thursday, June 18th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a report on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, June 18th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research note on Monday, May 4th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a research report on Wednesday, April 29th.
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Toromont Industries Price Performance
Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.26. Toromont Industries had a net margin of 9.63% and a return on equity of 16.35%. The firm had revenue of $895.28 million during the quarter, compared to analysts’ expectations of $842.94 million.
Toromont Industries Company Profile
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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