Toromont Industries (OTCMKTS:TMTNF) Releases Quarterly Earnings Results, Beats Expectations By $0.61 EPS

Toromont Industries (OTCMKTS:TMTNF) announced its quarterly earnings results on Monday. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.61, Zacks reports. Toromont Industries had a net margin of 9.59% and a return on equity of 16.77%. The firm had revenue of $829.38 million during the quarter, compared to analysts’ expectations of $1.07 billion.

Toromont Industries Price Performance

OTCMKTS:TMTNF opened at $149.33 on Wednesday. The company has a current ratio of 2.73, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. Toromont Industries has a twelve month low of $112.62 and a twelve month high of $169.25. The company has a market cap of $12.19 billion and a PE ratio of 30.17. The company’s 50 day moving average is $150.25 and its two-hundred day moving average is $151.03.

Analyst Ratings Changes

A number of research firms have recently weighed in on TMTNF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a report on Thursday, July 30th. Scotiabank reissued 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 report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Toromont Industries currently 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.