DA Davidson Has Bearish Forecast for Toro FY2025 Earnings

The Toro Company (NYSE:TTC) – DA Davidson lowered their FY2025 earnings per share (EPS) estimates for Toro in a research report issued on Tuesday, March 11th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings of $4.30 per share for the year, down from their previous forecast of $4.72. DA Davidson has a “Neutral” rating and a $80.00 price objective on the stock. The consensus estimate for Toro’s current full-year earnings is $4.41 per share.

Toro (NYSE:TTC) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share.

Several other equities research analysts have also recently weighed in on TTC. StockNews.com cut shares of Toro from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Robert W. Baird reduced their price target on Toro from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Raymond James decreased their target price on Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Northland Securities upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toro currently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Toro Stock Performance

Shares of TTC stock opened at $71.87 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. Toro has a fifty-two week low of $71.75 and a fifty-two week high of $100.93. The stock has a 50 day moving average price of $80.51 and a two-hundred day moving average price of $83.15. The company has a market capitalization of $7.17 billion, a P/E ratio of 17.92 and a beta of 0.70.

Toro declared that its board has authorized a share buyback program on Tuesday, December 10th that authorizes the company to buyback 4,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. True Wealth Design LLC grew its holdings in Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company’s stock valued at $29,000 after buying an additional 206 shares in the last quarter. Asset Planning Inc bought a new position in Toro in the fourth quarter worth about $31,000. CIBC Private Wealth Group LLC increased its position in Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock valued at $43,000 after buying an additional 127 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Toro by 195.7% in the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company’s stock worth $44,000 after buying an additional 362 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Toro by 54.6% in the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company’s stock valued at $65,000 after buying an additional 285 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

About Toro

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.