Toromont Industries (OTCMKTS:TMTNF) Announces Earnings Results

Toromont Industries (OTCMKTS:TMTNF) posted its earnings results on Tuesday. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.02 by $0.35, Zacks reports. The firm had revenue of $764.29 million during the quarter, compared to the consensus estimate of $848.84 million.

Toromont Industries Stock Performance

Toromont Industries stock opened at $141.21 on Thursday. Toromont Industries has a 1 year low of $76.05 and a 1 year high of $141.21. The firm’s 50 day moving average price is $124.14 and its two-hundred day moving average price is $114.68.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TMTNF shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a report on Monday, October 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a research report on Friday, October 31st. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research note on Monday, November 3rd. Finally, TD Securities reiterated a “buy” rating on shares of Toromont Industries in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.