Raymond James Has Bearish Estimate for TSE:TIH Q2 Earnings

Toromont Industries Ltd. (TSE:TIH) – Equities research analysts at Raymond James dropped their Q2 2025 earnings per share (EPS) estimates for shares of Toromont Industries in a research note issued on Thursday, May 1st. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $1.45 for the quarter, down from their previous estimate of $1.60. Raymond James currently has a “Market Perform” rating and a $122.00 price objective on the stock. The consensus estimate for Toromont Industries’ current full-year earnings is $6.59 per share. Raymond James also issued estimates for Toromont Industries’ Q3 2025 earnings at $1.54 EPS and Q4 2025 earnings at $1.85 EPS.

A number of other brokerages also recently commented on TIH. BMO Capital Markets cut their price objective on shares of Toromont Industries from C$130.00 to C$128.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. CIBC cut their price target on shares of Toromont Industries from C$130.00 to C$120.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. TD Securities reduced their price objective on shares of Toromont Industries from C$143.00 to C$136.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank cut their target price on Toromont Industries from C$133.50 to C$128.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Finally, Royal Bank of Canada raised their price target on Toromont Industries from C$138.00 to C$139.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Toromont Industries presently has an average rating of “Moderate Buy” and a consensus target price of C$129.63.

Toromont Industries Price Performance

Shares of TSE TIH opened at C$110.33 on Monday. The stock has a fifty day moving average price of C$114.23 and a 200 day moving average price of C$116.66. Toromont Industries has a 1-year low of C$107.32 and a 1-year high of C$134.88. The company has a debt-to-equity ratio of 23.04, a current ratio of 2.37 and a quick ratio of 1.38. The company has a market cap of C$9.00 billion, a PE ratio of 17.92, a P/E/G ratio of 3.72 and a beta of 0.68.

Insider Activity at Toromont Industries

In related news, Director Frederick James Mifflin acquired 500 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of C$110.05 per share, for a total transaction of C$55,025.00. Also, Senior Officer Jennifer Cochrane sold 5,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$115.00, for a total value of C$575,000.00. Insiders sold 10,200 shares of company stock valued at $1,204,504 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Toromont Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, April 4th were issued a $0.52 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.89%. This is a boost from Toromont Industries’s previous quarterly dividend of $0.48. Toromont Industries’s dividend payout ratio is currently 31.18%.

About Toromont Industries

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.