Toromont Industries (OTCMKTS:TMTNF – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24, Zacks reports. Toromont Industries had a return on equity of 16.35% and a net margin of 9.63%.
Toromont Industries Price Performance
Shares of TMTNF traded down $15.57 during trading hours on Tuesday, hitting $148.15. 191,231 shares of the stock were exchanged, compared to its average volume of 20,086. The stock’s 50-day moving average price is $161.69 and its two-hundred day moving average price is $149.85. Toromont Industries has a 12-month low of $99.00 and a 12-month high of $169.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93. The company has a market cap of $12.08 billion and a price-to-earnings ratio of 67.65.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research note on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research note on Thursday, June 18th. BMO Capital Markets reissued an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Raymond James Financial upgraded shares of Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Toromont Industries presently has a consensus rating of “Moderate Buy”.
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.
Read More
- Five stocks we like better than Toromont Industries
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
Receive News & Ratings for Toromont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries and related companies with MarketBeat.com's FREE daily email newsletter.
