Toromont Industries (TMTNF) Projected to Release Quarterly Earnings on Monday

Toromont Industries (OTCMKTS:TMTNF) will likely be issuing its results after the market closes on Monday, November 2nd. Analysts expect Toromont Industries to post earnings of $1.06 per share and revenue of $1.07 billion for the quarter.

Toromont Industries (OTCMKTS:TMTNF) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.24. The company had revenue of $797.03 million for the quarter, compared to analysts’ expectations of $1.04 billion. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%.

Toromont Industries Price Performance

OTCMKTS TMTNF opened at $138.70 on Friday. Toromont Industries has a twelve month low of $112.62 and a twelve month high of $169.25. The stock has a fifty day simple moving average of $150.43 and a 200 day simple moving average of $150.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 2.73.

Analyst Ratings Changes

A number of research firms have commented on TMTNF. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Toromont Industries has a consensus rating of “Moderate Buy”.

About Toromont Industries

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.