Toromont Industries (OTCMKTS:TMTNF) Posts Quarterly Earnings Results

Toromont Industries (OTCMKTS:TMTNF) issued its quarterly earnings results on Tuesday. The company reported $1.37 earnings per share (EPS) for the quarter, Zacks reports.

Toromont Industries Trading Up 5.9%

Shares of Toromont Industries stock traded up $7.54 during midday trading on Tuesday, hitting $134.60. 6,939 shares of the company traded hands, compared to its average volume of 11,782. The firm’s fifty day moving average price is $123.30 and its 200-day moving average price is $114.21. Toromont Industries has a 12 month low of $76.05 and a 12 month high of $134.87.

Analyst Ratings Changes

Several research firms have recently issued reports on TMTNF. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research report on Monday, November 3rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a report on Monday, October 20th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research report on Friday, October 31st. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average 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.