Toromont Industries Ltd (TIH) EPS Estimated At $0.56

July 19, 2017 - By Winifred Garcia

 Toromont Industries Ltd (TIH) EPS Estimated At $0.56

Wall Street await Toromont Industries Ltd (TSE:TIH) to release earnings on July, 25 after the close. Analysts forecast EPS of $0.56, up exactly $0.07 or 14.29 % from 2014’s $0.49 EPS. The expected T_TIH’s profit could reach $44.06M giving the stock 20.94 P/E in the case that $0.56 earnings per share is reported. After posting $0.34 EPS for the previous quarter, Toromont Industries Ltd’s analysts now forecast 64.71 % EPS growth. The stock decreased 0.57% or $0.27 on July 19, reaching $46.9. About 53,343 shares traded. Toromont Industries Ltd (TSE:TIH) has 0.00% since July 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Toromont Industries Ltd (TSE:TIH) Ratings Coverage

Among 7 analysts covering Toromont Industries Ltd. (TSE:TIH), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Toromont Industries Ltd. had 25 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Dundee Securities on Tuesday, August 4 to “Neutral”. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, November 8. As per Tuesday, November 8, the company rating was maintained by RBC Capital Markets. The rating was upgraded by BMO Capital Markets to “Outperform” on Wednesday, July 29. The company was upgraded on Thursday, June 1 by National Bank Canada. RBC Capital Markets maintained Toromont Industries Ltd (TSE:TIH) on Tuesday, January 19 with “Outperform” rating. The stock of Toromont Industries Ltd (TSE:TIH) earned “Hold” rating by Canaccord Genuity on Friday, July 22. TD Securities maintained Toromont Industries Ltd (TSE:TIH) on Wednesday, November 9 with “Hold” rating. The stock of Toromont Industries Ltd (TSE:TIH) has “Outperform” rating given on Wednesday, July 29 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, February 8.

Toromont Industries Ltd is a Canada company, which operates through two divisions: Equipment Group and CIMCO. The company has market cap of $3.69 billion. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It has a 23.31 P/E ratio. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd. and AgWest Ltd.

More notable recent Toromont Industries Ltd (TSE:TIH) news were published by: Business.Financialpost.com which released: “Toromont Industries Ltd upgraded as equipment markets improve” on April 27, 2017, also Marketwatch.com with their article: “47.09” published on April 22, 2011, Fool.ca published: “Being Cautious With Toromont Industries Ltd.” on March 23, 2017. More interesting news about Toromont Industries Ltd (TSE:TIH) were released by: Marketwired.com and their article: “Toromont Industries Ltd. – Normal Course Issuer Bid” published on August 26, 2016 as well as Marketwired.com‘s news article titled: “Toromont Announces Results for the Second Quarter of 2016 and Quarterly Dividend” with publication date: July 26, 2016.

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