Toromont Industries (OTCMKTS:TMTNF – Get Free Report) is expected to be posting its results after the market closes on Monday, November 2nd. Analysts expect the company to announce earnings of $1.06 per share and revenue of $1.07 billion for the quarter.
Toromont Industries Trading Down 4.1%
Shares of Toromont Industries stock opened at $138.70 on Friday. The company has a market capitalization of $11.32 billion and a P/E ratio of 42.29. The stock has a fifty day simple moving average of $150.43 and a 200 day simple moving average of $150.82. Toromont Industries has a 12-month low of $112.62 and a 12-month high of $169.25. The company has a current ratio of 2.73, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on TMTNF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on TMTNF
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.
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