What is Raymond James’ Forecast for TSE:TIH Q1 Earnings?

Toromont Industries Ltd. (TSE:TIH) – Raymond James issued their Q1 2025 earnings estimates for shares of Toromont Industries in a research report issued to clients and investors on Wednesday, February 12th. Raymond James analyst S. Hansen expects that the company will earn $1.06 per share for the quarter. Raymond James has a “Market Perform” rating and a $130.00 price objective on the stock. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share.

TIH has been the topic of several other reports. National Bankshares lifted their price objective on shares of Toromont Industries from C$126.00 to C$133.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. National Bank Financial raised Toromont Industries from a “hold” rating to a “strong-buy” rating in a report on Sunday, December 15th. Royal Bank of Canada increased their price objective on Toromont Industries from C$138.00 to C$139.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Scotiabank lifted their target price on Toromont Industries from C$132.00 to C$133.50 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their price target on Toromont Industries from C$130.00 to C$134.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$136.06.

Toromont Industries Stock Performance

Shares of TIH stock opened at C$122.01 on Monday. The company has a market cap of C$9.95 billion, a P/E ratio of 19.81, a PEG ratio of 3.72 and a beta of 0.68. The business has a 50 day moving average of C$115.91 and a two-hundred day moving average of C$120.93. Toromont Industries has a 52 week low of C$109.83 and a 52 week high of C$135.53. The company has a quick ratio of 1.38, a current ratio of 2.37 and a debt-to-equity ratio of 23.04.

Toromont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, January 6th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, December 6th. Toromont Industries’s payout ratio is presently 31.18%.

Insiders Place Their Bets

In other Toromont Industries news, Director Jeffrey Scott Chisholm purchased 4,500 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were purchased at an average cost of C$111.45 per share, with a total value of C$501,525.00. Corporate insiders own 0.27% of the company’s stock.

Toromont Industries Company Profile

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.