Toro (NYSE:TTC) Issues FY 2025 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 4.250-4.400 for the period, compared to the consensus EPS estimate of 4.580. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.8 billion. Toro also updated its FY25 guidance to $4.25-4.40 EPS.

Analyst Upgrades and Downgrades

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

Toro Trading Down 1.2 %

Shares of TTC stock opened at $85.31 on Wednesday. Toro has a twelve month low of $77.15 and a twelve month high of $102.00. The stock’s fifty day simple moving average is $84.25 and its 200 day simple moving average is $88.12. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $8.75 billion, a P/E ratio of 22.39 and a beta of 0.70.

Toro (NYSE:TTC) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. As a group, sell-side analysts predict that Toro will post 4.16 EPS for the current fiscal year.

Toro Increases Dividend

The firm also recently declared 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 is a boost from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Monday, December 23rd. Toro’s dividend payout ratio is 39.90%.

Toro announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 10th that allows the company to repurchase 4,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is 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.