Toromont Industries Ltd (TSE:TIH) – National Bank Financial lowered their FY2017 EPS estimates for Toromont Industries in a research report issued on Wednesday. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $2.03 per share for the year, down from their previous forecast of $2.12. National Bank Financial currently has a “Outperform” rating and a $52.00 target price on the stock. National Bank Financial also issued estimates for Toromont Industries’ Q4 2017 earnings at $0.58 EPS and FY2018 earnings at $2.27 EPS.
Toromont Industries (TSE:TIH) last announced its earnings results on Tuesday, July 25th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by $0.04. The business had revenue of $530.93 million during the quarter, compared to analyst estimates of $550.60 million. Toromont Industries had a return on equity of 12.14% and a net margin of 6.55%.
Other analysts have also issued research reports about the stock. TD Securities increased their price target on shares of Toromont Industries from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research report on Thursday. Scotiabank reiterated a “sector perform” rating and set a C$48.50 price target on shares of Toromont Industries in a research report on Wednesday. Royal Bank Of Canada lowered shares of Toromont Industries from an “outperform” rating to a “sector perform” rating and set a C$51.00 price target on the stock. in a research report on Friday, April 28th. Finally, Canaccord Genuity increased their price target on shares of Toromont Industries from C$43.00 to C$50.00 and gave the stock a “hold” rating in a research report on Tuesday, May 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$48.07.
Toromont Industries (TSE TIH) opened at 46.56 on Friday. The firm has a market capitalization of $3.65 billion and a P/E ratio of 23.19. The stock has a 50 day moving average price of $47.02 and a 200 day moving average price of $45.92. Toromont Industries has a one year low of $37.59 and a one year high of $50.45.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.76 dividend on an annualized basis and a yield of 1.63%.
Toromont Industries Company Profile
Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.
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