Toro (TTC) to Release Earnings on Thursday

Toro (NYSE:TTC) is expected to be releasing its earnings data before the market opens on Thursday, March 6th. Analysts expect Toro to post earnings of $0.63 per share and revenue of $1.01 billion for the quarter. Toro has set its FY 2025 guidance at 4.250-4.400 EPS and its FY25 guidance at $4.25-4.40 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Toro (NYSE:TTC) last announced its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Toro had a net margin of 9.14% and a return on equity of 27.25%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. On average, analysts expect Toro to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Toro Stock Performance

NYSE:TTC opened at $80.49 on Thursday. The company’s 50-day moving average price is $81.53 and its 200-day moving average price is $84.15. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company has a market cap of $8.10 billion, a P/E ratio of 20.07 and a beta of 0.72. Toro has a twelve month low of $76.95 and a twelve month high of $100.93.

Toro declared that its Board of Directors has approved a share repurchase program on Tuesday, December 10th that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. Toro’s payout ratio is 37.91%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTC. Northland Capmk raised shares of Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Northland Securities upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Monday. Finally, Raymond James reduced their price objective on shares of Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Toro has a consensus rating of “Moderate Buy” and an average target price of $93.75.

Toro Company Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.