Toromont Industries (OTCMKTS:TMTNF) Releases Earnings Results, Beats Estimates By $0.24 EPS

Toromont Industries (OTCMKTS:TMTNF) posted its quarterly earnings results on Tuesday. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.24, Zacks reports. Toromont Industries had a net margin of 9.25% and a return on equity of 16.00%. The company had revenue of $797.03 million during the quarter, compared to analyst estimates of $1.04 billion.

Toromont Industries Price Performance

Shares of OTCMKTS TMTNF opened at $148.15 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 fifty day moving average of $161.12 and a 200 day moving average of $150.24. The firm has a market cap of $12.08 billion and a PE ratio of 67.65. Toromont Industries has a one year low of $99.00 and a one year high of $169.25.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TMTNF. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research report on Wednesday, April 29th. TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company 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.