Analysts forecast that Toro Co (NYSE:TTC) will report earnings of $1.20 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Toro’s earnings, with estimates ranging from $1.19 to $1.20. Toro also posted earnings of $1.20 per share in the same quarter last year. The business is scheduled to issue its next earnings report on Thursday, May 23rd.
On average, analysts expect that Toro will report full-year earnings of $2.91 per share for the current financial year, with EPS estimates ranging from $2.88 to $2.95. For the next fiscal year, analysts forecast that the business will report earnings of $3.24 per share, with EPS estimates ranging from $3.22 to $3.25. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Toro.
Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, February 21st. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. Toro had a return on equity of 44.47% and a net margin of 11.55%. The firm had revenue of $603.00 million for the quarter, compared to analyst estimates of $575.05 million. During the same quarter last year, the company earned $0.48 EPS. The company’s revenue was up 10.0% on a year-over-year basis.
TTC has been the topic of several recent research reports. ValuEngine raised Toro from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research lowered Toro from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Finally, Robert W. Baird initiated coverage on Toro in a report on Friday, January 18th. They set a “neutral” rating and a $62.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Toro currently has a consensus rating of “Hold” and a consensus target price of $66.00.
In other news, VP Richard W. Rodier sold 7,727 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $57.21, for a total value of $442,061.67. Following the completion of the transaction, the vice president now owns 30,122 shares of the company’s stock, valued at $1,723,279.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Blake M. Grams sold 2,456 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $58.68, for a total transaction of $144,118.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,291 shares of company stock worth $2,725,789. 2.36% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co purchased a new position in Toro in the fourth quarter worth approximately $35,000. Highwater Wealth Management LLC acquired a new position in shares of Toro in the 4th quarter valued at $39,000. Oregon Public Employees Retirement Fund increased its stake in Toro by 5,488.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,329,525 shares of the company’s stock valued at $42,000 after buying an additional 2,287,837 shares during the period. Parallel Advisors LLC grew its stake in shares of Toro by 25.5% during the 4th quarter. Parallel Advisors LLC now owns 1,601 shares of the company’s stock worth $89,000 after purchasing an additional 325 shares during the period. Finally, ETF Managers Group LLC boosted its position in shares of Toro by 18.5% in the 4th quarter. ETF Managers Group LLC now owns 2,135 shares of the company’s stock worth $119,000 after buying an additional 334 shares in the last quarter. 75.22% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE TTC traded down $0.01 during mid-day trading on Friday, hitting $68.57. 369,115 shares of the stock traded hands, compared to its average volume of 462,944. The company has a quick ratio of 1.01, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. Toro has a twelve month low of $52.97 and a twelve month high of $69.41. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 25.68 and a beta of 0.71.
Toro Company Profile
The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.
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