Toromont Industries (TMTNF) Expected to Post Earnings on Tuesday

Toromont Industries (OTCMKTS:TMTNF) is anticipated to release its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $1.20 per share and revenue of $1.0325 billion for the quarter.

Toromont Industries (OTCMKTS:TMTNF) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.26. Toromont Industries had a return on equity of 16.35% and a net margin of 9.63%.The firm had revenue of $895.28 million during the quarter, compared to analyst estimates of $842.94 million.

Toromont Industries Price Performance

Shares of Toromont Industries stock opened at $163.72 on Friday. The stock’s 50-day moving average is $161.65 and its 200 day moving average is $149.37. Toromont Industries has a one year low of $96.10 and a one year high of $169.25. The firm has a market cap of $13.35 billion and a price-to-earnings ratio of 74.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.93 and a quick ratio of 1.86.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a research report on Wednesday, April 29th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a research note on Wednesday, July 8th. TD Securities reissued a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Finally, Raymond James Financial raised Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.