TSE:TIH FY2025 EPS Lifted by National Bank Financial

Toromont Industries Ltd. (TSE:TIH) – Research analysts at National Bank Financial boosted their FY2025 earnings per share (EPS) estimates for shares of Toromont Industries in a note issued to investors on Wednesday, February 12th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $6.09 per share for the year, up from their prior forecast of $6.03. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries’ FY2025 earnings at $6.09 EPS.

A number of other research analysts also recently issued reports on the company. Raymond James boosted their price objective on Toromont Industries from C$122.00 to C$130.00 and gave the company a “market perform” rating in a research note on Thursday, February 13th. National Bankshares boosted their price objective on Toromont Industries from C$126.00 to C$133.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Canaccord Genuity Group lifted their target price on Toromont Industries from C$130.00 to C$134.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. CIBC upped their price target on Toromont Industries from C$129.00 to C$131.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets lifted their price objective on shares of Toromont Industries from C$134.00 to C$138.00 in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Toromont Industries has a consensus rating of “Moderate Buy” and an average price target of C$136.06.

Toromont Industries Trading Up 0.8 %

Shares of Toromont Industries stock opened at C$122.01 on Monday. Toromont Industries has a 1-year low of C$109.83 and a 1-year high of C$135.53. The company’s fifty day simple moving average is C$115.91 and its 200-day simple moving average is C$120.93. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The stock has a market capitalization of C$9.95 billion, a PE ratio of 19.81, a P/E/G ratio of 3.72 and a beta of 0.68.

Insider Transactions at Toromont Industries

In related news, Director Jeffrey Scott Chisholm purchased 4,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of C$111.45 per share, for a total transaction of C$501,525.00. Insiders own 0.27% of the company’s stock.

Toromont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, January 6th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.57%. Toromont Industries’s payout ratio is currently 31.18%.

Toromont Industries Company Profile

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.