Toromont Industries (TMTNF) Projected to Release Quarterly Earnings on Tuesday

Toromont Industries (OTCMKTS:TMTNF) is anticipated to post its resultson Tuesday, July 28th. Analysts expect the company to announce earnings of $0.8490 per share and revenue of $1.0325 billion for the quarter.

Toromont Industries (OTCMKTS:TMTNF) last posted its earnings results on Tuesday, April 28th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.26. Toromont Industries had a return on equity of 16.35% and a net margin of 9.63%.The firm had revenue of $895.28 million for the quarter, compared to the consensus estimate of $842.94 million.

Toromont Industries Stock Up 2.7%

Shares of OTCMKTS:TMTNF opened at $165.00 on Tuesday. Toromont Industries has a 52-week low of $96.10 and a 52-week high of $169.25. The firm has a market capitalization of $13.46 billion and a P/E ratio of 75.34. The stock has a 50 day moving average price of $161.32 and a 200-day moving average price of $148.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 2.93.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Securities reaffirmed a “buy” rating on shares of Toromont Industries in a research note on Monday, May 4th. Raymond James Financial raised Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Toromont Industries currently has an average rating of “Moderate Buy”.

About Toromont Industries

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.