FY2026 Earnings Forecast for TSE:TIH Issued By Scotiabank

Toromont Industries Ltd. (TSE:TIH) – Equities research analysts at Scotiabank issued their FY2026 earnings estimates for Toromont Industries in a research note issued on Thursday, October 22nd. Scotiabank analyst J. Goldman forecasts that the company will earn $7.99 per share for the year. Scotiabank currently has an “Outperform” rating and a $239.00 target price on the stock. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share. Scotiabank also issued estimates for Toromont Industries’ FY2027 earnings at $9.20 EPS.

Toromont Industries (TSE:TIH) last announced its earnings results on Tuesday, July 28th. The company reported C$2.20 EPS for the quarter. The business had revenue of C$1.60 billion during the quarter. Toromont Industries had a net margin of 9.26% and a return on equity of 15.53%.

Other equities analysts have also issued research reports about the company. Raymond James Financial increased their target price on Toromont Industries from C$235.00 to C$250.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price target on Toromont Industries from C$240.00 to C$242.00 in a research note on Thursday, July 30th. Stifel Nicolaus set a C$250.00 price target on Toromont Industries and gave the company a “buy” rating in a research note on Wednesday, September 30th. BMO Capital Markets upped their price objective on Toromont Industries from C$247.00 to C$248.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Canaccord Genuity Group increased their price objective on Toromont Industries from C$240.00 to C$260.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$247.20.

Toromont Industries Trading Up 1.4%

Shares of TIH stock opened at C$200.00 on Monday. Toromont Industries has a 12-month low of C$153.50 and a 12-month high of C$243.50. The company has a market capitalization of C$16.31 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 3.72 and a beta of 0.83. The firm has a 50 day moving average price of C$210.32 and a two-hundred day moving average price of C$208.61. The company has a quick ratio of 1.38, a current ratio of 2.73 and a debt-to-equity ratio of 24.76.

Toromont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.1%. Toromont Industries’s payout ratio is currently 34.39%.

Toromont Industries Company Profile

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory – spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business.