By Ketki Saxena
Investing.com -- Canadian multinational company, Toromont Industries Ltd . (TSX:TIH), is scheduled to release its earnings data after the market closes on Wednesday, July 26th, 2023. Analysts anticipate the company to post earnings of C$1.35 per share for the quarter.
Previous Earnings Call
The firm last announced its quarterly earnings data on Thursday, April 27th, reporting C$1.16 earnings per share for the quarter, surpassing the consensus estimate of C$0.87 by C$0.29. The company generated revenue of C$1.06 billion during this period, exceeding analyst estimates of C$935.01 million. Toromont Industries reported a net margin of 11.07% and a return on equity of 22.37%.
Key Stock Data
The company has a debt-to-equity ratio of 27.87, a quick ratio of 1.38 and a current ratio of 2.73. The firm’s 50-day simple moving average is C$107.80 and its 200-day simple moving average is C$107.76.
Dividend
Toromont Industries recently announced a quarterly dividend paid on Wednesday, July 5th to shareholders of record on the same day. Shareholders were issued a dividend of $0.43 per share, representing an annualized basis dividend of $1.72 and a yield of 1.58%. The ex-dividend date was Thursday, June 8th and the company’s dividend payout ratio is presently 29.10%.
Fair Value, Financial Upside
Investing Pro Models suggest a fair value target of $116.05, representing a 7.3% upside from today's closing price of $108.20 CAD.