Toromont Industries Ltd (TSE:TIH) Set to Announce Earnings on Monday
Toromont Industries Ltd (TSE:TIH) is set to post its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect Toromont Industries to post earnings of $0.55 per share for the quarter.
Toromont Industries Ltd (TSE:TIH) opened at 47.55 on Monday. The company’s 50-day moving average price is $46.26 and its 200-day moving average price is $45.30. Toromont Industries Ltd has a 12-month low of $37.59 and a 12-month high of $50.45. The company has a market cap of $3.73 billion and a PE ratio of 23.68.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 4th. Shareholders of record on Tuesday, July 4th were paid a $0.19 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.76 annualized dividend and a yield of 1.60%.
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TIH has been the subject of several analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$43.50 price objective on shares of Toromont Industries in a research note on Thursday, April 27th. TD Securities increased their price objective on shares of Toromont Industries from C$42.00 to C$47.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Royal Bank Of Canada lowered shares of Toromont Industries from an “outperform” rating to a “sector perform” rating and set a C$51.00 price objective for the company. in a research note on Friday, April 28th. Canaccord Genuity increased their price objective on shares of Toromont Industries from C$43.00 to C$50.00 and gave the company a “hold” rating in a research note on Tuesday, May 2nd. Finally, National Bank Financial upgraded shares of Toromont Industries from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$46.00 to C$52.00 in a research note on Thursday, June 1st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$46.13.
About Toromont Industries
Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.
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