Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.
TMTNF has been the subject of several research analyst reports. TD Securities reissued a “buy” rating on shares of Toromont Industries in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a research report on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research report on Wednesday, April 29th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Thursday, April 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a report on Thursday, April 30th.
Check Out Our Latest Analysis on TMTNF
Toromont Industries Trading Up 0.6%
Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.26. Toromont Industries had a net margin of 9.63% and a return on equity of 16.35%. The business 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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