Toromont Industries (TMTNF) to Announce Quarterly Earnings on Tuesday

Toromont Industries (OTCMKTS:TMTNFGet Free Report) is anticipated to issue its resultson Tuesday, July 28th. Analysts expect Toromont Industries to announce earnings of $0.8490 per share and revenue of $1.0325 billion for the quarter.

Toromont Industries (OTCMKTS:TMTNFGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.26. The firm had revenue of $895.28 million during the quarter, compared to analyst estimates of $842.94 million. Toromont Industries had a return on equity of 16.35% and a net margin of 9.63%.

Toromont Industries Stock Performance

Shares of Toromont Industries stock opened at $165.00 on Tuesday. The stock has a market cap of $13.46 billion and a price-to-earnings ratio of 75.34. The firm’s 50-day moving average is $161.32 and its 200 day moving average is $148.39. Toromont Industries has a 1 year low of $96.10 and a 1 year high of $169.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.86.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James Financial upgraded shares of Toromont Industries to a “market perform” rating in a research note on Thursday, June 18th. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research note on Monday, May 4th. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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About Toromont Industries

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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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