FY2026 Earnings Forecast for TSE:TIH Issued By Scotiabank

Toromont Industries Ltd. (TSE:TIH) – Investment analysts at Scotiabank issued their FY2026 earnings per share estimates for Toromont Industries in a note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman anticipates that the company will post earnings per share of $7.99 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.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group lifted their price target on shares of Toromont Industries from C$240.00 to C$260.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. National Bank Financial upped their price target on shares of Toromont Industries from C$259.00 to C$261.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price objective on shares of Toromont Industries from C$240.00 to C$242.00 in a research report on Thursday, July 30th. BMO Capital Markets raised their price objective on shares of Toromont Industries from C$247.00 to C$248.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Raymond James Financial boosted their price objective on shares of Toromont Industries from C$235.00 to C$250.00 and gave the company an “outperform” 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$247.20.

Toromont Industries Price Performance

TSE TIH opened at C$201.49 on Monday. The business has a 50 day simple moving average of C$210.01 and a 200 day simple moving average of C$208.78. Toromont Industries has a 52-week low of C$153.50 and a 52-week high of C$243.50. The company has a debt-to-equity ratio of 24.76, a quick ratio of 1.38 and a current ratio of 2.73. The stock has a market cap of C$16.43 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 3.72 and a beta of 0.83.

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

Toromont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were issued a dividend of $0.56 per share. The ex-dividend date was Friday, September 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.1%. Toromont Industries’s dividend payout ratio (DPR) is presently 34.39%.

About Toromont Industries

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.