Toromont Industries Ltd to Post Q3 2017 Earnings of $0.59 Per Share, National Bank Financial Forecasts (TIH)
Toromont Industries Ltd (TSE:TIH) – Investment analysts at National Bank Financial issued their Q3 2017 EPS estimates for Toromont Industries in a research report issued to clients and investors on Wednesday. National Bank Financial analyst M. Sytchev forecasts that the company will earn $0.59 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $52.00 price objective on the stock.
A number of other research analysts have also commented on the company. Royal Bank of Canada lowered Toromont Industries from an “outperform” rating to a “sector perform” rating and set a C$51.00 price target for the company. in a research report on Friday, April 28th. Canaccord Genuity upped their price target on Toromont Industries from C$43.00 to C$50.00 and gave the company a “hold” rating in a research report on Tuesday, May 2nd. Scotiabank reaffirmed a “sector perform” rating and set a C$43.50 price target on shares of Toromont Industries in a research report on Thursday, April 27th. Finally, TD Securities upped their price target on Toromont Industries from C$42.00 to C$47.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$48.07.
Shares of Toromont Industries (TSE:TIH) opened at 45.96 on Monday. The firm has a 50-day moving average price of $47.02 and a 200-day moving average price of $46.05. Toromont Industries has a one year low of $37.59 and a one year high of $50.45. The company has a market capitalization of $3.61 billion and a P/E ratio of 22.66.
Toromont Industries (TSE:TIH) last issued its earnings results on Tuesday, July 25th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.04. The business had revenue of $530.93 million during the quarter, compared to the consensus estimate of $550.60 million. Toromont Industries had a return on equity of 12.14% and a net margin of 6.55%.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, September 7th.
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.
Receive News & Stock Ratings for Toromont Industries Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries Ltd and related stocks with our FREE daily email newsletter.