Toromont Industries (TMTNF) Projected to Announce Earnings on Tuesday

Toromont Industries (OTCMKTS:TMTNF) is expected to issue its resultson Tuesday, July 28th. Analysts expect Toromont Industries to announce earnings of $1.20 per share and revenue of $1.0464 billion for the quarter.

Toromont Industries (OTCMKTS:TMTNF) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 Price Performance

Shares of Toromont Industries stock opened at $163.72 on Monday. The business has a 50-day moving average price of $161.65 and a 200 day moving average price of $149.55. Toromont Industries has a fifty-two week low of $96.10 and a fifty-two week high of $169.25. The firm has a market cap of $13.35 billion and a P/E ratio of 74.76. The company has a quick ratio of 1.86, a current ratio of 2.93 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TMTNF shares. Raymond James Financial upgraded Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research note on Wednesday, July 8th. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Toromont Industries currently has a consensus rating of “Moderate Buy”.

About Toromont Industries

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.