Toromont Industries (OTCMKTS:TMTNF – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.25, Zacks reports. Toromont Industries had a return on equity of 16.03% and a net margin of 9.56%.The firm had revenue of $895.28 million for the quarter, compared to analysts’ expectations of $846.03 million.
Toromont Industries Price Performance
Toromont Industries stock opened at $153.38 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93. The firm has a market cap of $12.51 billion and a P/E ratio of 111.96. The business’s fifty day moving average is $147.52 and its two-hundred day moving average is $130.61. Toromont Industries has a 52 week low of $80.15 and a 52 week high of $156.00.
Wall Street Analysts Forecast Growth
TMTNF has been the topic of a number of analyst reports. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research report on Tuesday, February 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a research report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, February 12th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently 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.
Further Reading
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