What is Scotiabank’s Estimate for TSE:TIH FY2026 Earnings?

Toromont Industries Ltd. (TSE:TIH) – Scotiabank lifted their FY2026 earnings per share (EPS) estimates for Toromont Industries in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $8.51 per share for the year, up from their previous estimate of $7.99. Scotiabank has a “Sector Outperform” rating and a $244.00 price objective 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 $9.58 EPS.

Toromont Industries (TSE:TIH) last posted its quarterly earnings results on Monday, November 2nd. The company reported C$2.33 earnings per share (EPS) for the quarter. The firm had revenue of C$1.65 billion for the quarter. Toromont Industries had a return on equity of 16.55% and a net margin of 9.60%.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Toromont Industries from C$247.00 to C$248.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada reduced their price target on shares of Toromont Industries from C$265.00 to C$261.00 and set an “outperform” rating for the company in a report on Tuesday, November 3rd. Canaccord Genuity Group decreased their price target on shares of Toromont Industries from C$260.00 to C$250.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. National Bank Financial decreased their price target on shares of Toromont Industries from C$261.00 to C$254.00 and set an “outperform” rating for the company in a research note on Wednesday, November 4th. Finally, Stifel Nicolaus upped their price objective on shares of Toromont Industries from C$250.00 to C$260.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Toromont Industries has an average rating of “Buy” and an average target price of C$246.60.

Toromont Industries Stock Performance

TSE:TIH opened at C$196.12 on Friday. The company has a fifty day moving average of C$208.58 and a 200-day moving average of C$210.05. The firm has a market capitalization of C$16.00 billion, a P/E ratio of 28.46, a P/E/G ratio of 3.72 and a beta of 0.67. The company has a quick ratio of 1.38, a current ratio of 2.79 and a debt-to-equity ratio of 23.71. Toromont Industries has a twelve month low of C$155.85 and a twelve month high of C$243.50.

Toromont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.24 annualized dividend and a yield of 1.1%. Toromont Industries’s dividend payout ratio (DPR) is presently 31.93%.

Toromont Industries Company Profile

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.