National Bank Financial Weighs in on TSE:TIH FY2025 Earnings

Toromont Industries Ltd. (TSE:TIH) – National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for shares of Toromont Industries in a report released 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 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.

Several other research firms also recently commented on TIH. BMO Capital Markets raised their price target on shares of Toromont Industries from C$134.00 to C$138.00 in a research note on Wednesday, February 12th. Canaccord Genuity Group boosted their price target on Toromont Industries from C$130.00 to C$134.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Scotiabank lifted their target price on Toromont Industries from C$132.00 to C$133.50 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. CIBC increased their price target on Toromont Industries from C$129.00 to C$131.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Raymond James lifted their price objective on Toromont Industries from C$122.00 to C$130.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$136.06.

Toromont Industries Stock Up 0.8 %

TSE:TIH opened at C$122.01 on Monday. The company has a market cap of C$9.95 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. Toromont Industries has a twelve month low of C$109.83 and a twelve month high of C$135.53. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 23.04. The stock has a fifty day simple moving average of C$115.91 and a 200-day simple moving average of C$120.93.

Toromont Industries Announces Dividend

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

Insider Buying and Selling

In other news, Director Jeffrey Scott Chisholm acquired 4,500 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of C$111.45 per share, with a total value of C$501,525.00. 0.27% of the stock is currently owned by company insiders.

About Toromont Industries

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.