TSE:TIH FY2025 EPS Lifted by National Bank Financial

Toromont Industries Ltd. (TSE:TIH) – Equities researchers at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Toromont Industries in a research report issued on Wednesday, July 30th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $6.09 for the year, up from their prior forecast of $5.84. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share. National Bank Financial also issued estimates for Toromont Industries’ FY2026 earnings at $6.67 EPS.

A number of other research firms have also recently issued reports on TIH. BMO Capital Markets raised their price objective on Toromont Industries from C$140.00 to C$147.00 in a research report on Wednesday. TD Securities raised their price target on Toromont Industries from C$153.00 to C$154.00 and gave the company a “buy” rating in a report on Thursday. National Bankshares lifted their price objective on shares of Toromont Industries from C$130.00 to C$140.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC increased their price objective on shares of Toromont Industries from C$129.00 to C$148.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Canaccord Genuity Group cut their target price on shares of Toromont Industries from C$134.00 to C$131.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toromont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.50.

Toromont Industries Price Performance

Shares of TSE TIH opened at C$140.49 on Friday. The business’s 50 day moving average price is C$124.82 and its two-hundred day moving average price is C$119.23. The company has a market cap of C$11.46 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04. Toromont Industries has a twelve month low of C$107.32 and a twelve month high of C$142.05.

Insider Buying and Selling

In other news, Director David Allan Malinauskas sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of C$118.71, for a total transaction of C$29,677.50. Following the transaction, the director directly owned 600 shares of the company’s stock, valued at approximately C$71,226. This trade represents a 29.41% decrease in their ownership of the stock. Also, Senior Officer Mike Cuddy sold 5,000 shares of Toromont Industries stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$117.10, for a total transaction of C$585,500.00. Over the last three months, insiders have sold 15,450 shares of company stock valued at $1,818,938. 0.27% of the stock is owned by company insiders.

Toromont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 5th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.5%. Toromont Industries’s dividend payout ratio is 31.18%.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems.