Toromont Industries Ltd. (TSE:TIH – Get Rating) declared a quarterly dividend on Wednesday, September 7th, TickerTech reports. Shareholders of record on Tuesday, October 4th will be given a dividend of 0.39 per share on Tuesday, October 4th. This represents a $1.56 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, September 7th.

Toromont Industries Stock Up 0.2 %

Toromont Industries stock opened at C$101.33 on Monday. The company's 50-day moving average price is C$104.52 and its two-hundred day moving average price is C$109.73. The stock has a market cap of C$8.32 billion and a price-to-earnings ratio of 22.72. The company has a current ratio of 2.32, a quick ratio of 1.36 and a debt-to-equity ratio of 32.09. Toromont Industries has a 52 week low of C$93.25 and a 52 week high of C$124.25.

Toromont Industries (TSE:TIH – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported C$1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.22 by C$0.12. The business had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.18 billion. On average, analysts expect that Toromont Industries will post 5 EPS for the current fiscal year.

Insider Buying and Selling

Wall Street Analysts Forecast Growth

TIH has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Toromont Industries from C$129.00 to C$122.00 and set an "outperform" rating for the company in a report on Thursday, July 28th. National Bank Financial cut shares of Toromont Industries from an "outperform overweight" rating to a "sector perform overweight" rating in a report on Tuesday, July 12th. Scotiabank decreased their target price on shares of Toromont Industries from C$126.00 to C$120.00 in a report on Monday, July 25th. CIBC decreased their target price on shares of Toromont Industries from C$125.00 to C$107.00 in a report on Wednesday, July 13th. Finally, National Bankshares cut shares of Toromont Industries from an "outperform" rating to a "hold" rating and decreased their price target for the stock from C$127.00 to C$109.00 in a report on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$120.44.

About Toromont Industries

(Get Rating)

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

See Also

• Could Snap Stock Rebound As Management Restructures?
• MarketBeat: Week in Review 8/29 – 9/2
• Hormel Looks Cheap At These Levels
• Lululemon Set To Soar Into September
• Could Nike Stock be Oversold, but Still Overvalued?

Receive News & Ratings for Toromont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries and related companies with MarketBeat.com's FREE daily email newsletter.