Toro (NYSE:TTC) Releases Earnings Results, Hits Estimates

Toro (NYSE:TTC) announced its quarterly earnings data on Wednesday. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95, Briefing.com reports. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. Toro updated its FY 2025 guidance to 4.250-4.400 EPS and its FY25 guidance to $4.25-4.40 EPS.

Toro Trading Down 1.2 %

Shares of Toro stock opened at $85.31 on Wednesday. Toro has a 1 year low of $77.15 and a 1 year high of $102.00. The stock has a fifty day moving average price of $84.25 and a 200-day moving average price of $88.12. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The firm has a market cap of $8.75 billion, a PE ratio of 22.39 and a beta of 0.70.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 23rd will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.78%. This is an increase from Toro’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, December 23rd. Toro’s dividend payout ratio is presently 39.90%.

Analysts Set New Price Targets

TTC has been the topic of a number of recent research reports. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Northland Securities reiterated a “market perform” rating and set a $100.00 price target on shares of Toro in a research note on Friday, September 6th. DA Davidson lowered their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, September 9th. Finally, Robert W. Baird dropped their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.33.

Toro declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.