Toro (TTC) Projected to Post Earnings on Thursday

Toro (NYSE:TTC) is expected to post its quarterly earnings results 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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. Toro had a net margin of 9.14% and a return on equity of 27.25%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm posted $0.71 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect Toro to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Toro Trading Down 2.6 %

Shares of TTC opened at $75.44 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The firm has a market cap of $7.59 billion, a P/E ratio of 18.81 and a beta of 0.72. Toro has a 1 year low of $74.51 and a 1 year high of $100.93. The company has a 50 day simple moving average of $81.40 and a two-hundred day simple moving average of $83.90.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 23rd were given a dividend of $0.38 per share. 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 dividend yield of 2.01%. The ex-dividend date was Monday, December 23rd. Toro’s dividend payout ratio is currently 37.91%.

Toro declared that its board has approved a share repurchase plan on Tuesday, December 10th that permits the company to buyback 4,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on TTC shares. Northland Securities upgraded Toro from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Monday, February 24th. Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Raymond James lowered their price target on Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.