Toromont Industries (OTCMKTS:TMTNF) Releases Earnings Results

Toromont Industries (OTCMKTS:TMTNF) posted its quarterly earnings data on Monday. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.19, Zacks reports. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%.

Toromont Industries Price Performance

TMTNF stock traded down $1.70 on Monday, hitting $137.00. 22,739 shares of the company’s stock traded hands, compared to its average volume of 33,223. Toromont Industries has a 1-year low of $112.62 and a 1-year high of $169.25. The stock has a fifty day moving average of $150.43 and a 200-day moving average of $150.82. The stock has a market cap of $11.18 billion and a price-to-earnings ratio of 41.77. The company has a current ratio of 2.73, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research note on Tuesday, July 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Toromont Industries

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.