Toromont Industries (OTCMKTS:TMTNF) Announces Quarterly Earnings Results

Toromont Industries (OTCMKTS:TMTNF) announced its quarterly earnings results on Monday. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.48 by $0.19, Zacks reports. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%.

Toromont Industries Price Performance

TMTNF stock traded down $1.70 during midday trading on Monday, reaching $137.00. The company had a trading volume of 22,739 shares, compared to its average volume of 33,223. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.73 and a quick ratio of 1.68. Toromont Industries has a 1 year low of $112.62 and a 1 year high of $169.25. The company has a market capitalization of $11.18 billion and a P/E ratio of 41.77. The firm has a 50-day moving average price of $150.43 and a 200-day moving average price of $150.82.

Wall Street Analyst Weigh In

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

Toromont Industries Company Profile

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.