Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.
A number of research firms have recently weighed in on TMTNF. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Raymond James Financial raised shares of Toromont Industries to a “market perform” rating in a research note on Thursday, June 18th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th.
View Our Latest Research Report on TMTNF
Toromont Industries Trading Down 0.5%
Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%. The company had revenue of $797.03 million for the quarter, compared to analyst estimates of $1.04 billion.
About Toromont Industries
Toromont Industries is a Canadian company that provides equipment, engines, industrial products and related services through two primary business groups: Equipment and CIMCO Refrigeration. The company serves customers in sectors including construction, mining, transportation, utilities, power generation, agriculture and resource industries.
Through its Equipment Group, Toromont operates Caterpillar dealerships that sell, rent and service new and used heavy equipment, engines, power systems and related parts.
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