Toro (NYSE:TTC) Updates FY 2026 Earnings Guidance

Key Points

• Toro raised its FY 2026 outlook, forecasting adjusted EPS of $4.60–$4.65 and revenue of approximately $4.8 billion. The EPS midpoint is only slightly above the $4.61 analyst consensus.
• Fiscal Q3 results exceeded expectations: adjusted EPS was $1.33 versus $1.31 expected, while revenue rose 8.4% year over year to $1.23 billion.
• Despite the earnings beat, Toro shares fell to $92.82, and analysts maintain a consensus “Hold” rating with a $102.33 target price. Recent insider activity has been dominated by stock sales.

Toro (NYSE:TTC - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.600-4.650 for the period, compared to the consensus earnings per share estimate of 4.610. The company issued revenue guidance of $4.8 billion-$4.8 billion, compared to the consensus revenue estimate of $4.8 billion.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TTC shares. Weiss Ratings raised shares of Toro from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. Robert W. Baird lowered their price target on shares of Toro from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Toro has an average rating of "Hold" and a consensus target price of $102.33.

Toro Price Performance

Shares of Toro stock traded down $6.33 during trading on Thursday, hitting $92.82. 1,937,175 shares of the company were exchanged, compared to its average volume of 828,375. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Toro has a fifty-two week low of $67.64 and a fifty-two week high of $105.18. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 26.75 and a beta of 0.70. The firm has a 50 day moving average price of $96.36 and a 200 day moving average price of $95.04.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. Toro had a net margin of 7.29% and a return on equity of 31.13%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the company earned $1.24 EPS. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, equities analysts expect that Toro will post 4.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Toro

In other news, COO Edric C. Funk sold 527 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $51,630.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kurt Svendsen sold 6,600 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the transaction, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. This trade represents a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,934 shares of company stock valued at $1,204,933 over the last 90 days. 1.88% of the stock is owned by corporate insiders.

Key Toro News

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Fiscal Q3 adjusted earnings were $1.33 per share, above the $1.30–$1.31 analyst consensus and up from $1.24 a year earlier. Revenue rose 8.4% year over year to $1.23 billion, exceeding expectations of approximately $1.19 billion. Toro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Toro raised its fiscal 2026 outlook: expected sales growth is now 6.3%–6.6%, versus 4.0%–6.5% previously, while adjusted EPS guidance increased to $4.60–$4.65 from $4.50–$4.62. The Professional and Residential segments both posted sales growth of more than 8%. Toro Q3 Sales Rise and Raises 2026 Outlook
• Positive Sentiment: Operating earnings increased to $115.2 million from $64.8 million, gross margin improved to 34.1% from 33.7%, and the company returned $110 million to shareholders during the quarter. Toro Reports Higher Earnings and Raises Outlook
• Neutral Sentiment: The midpoint of the new EPS outlook is only modestly above the $4.61 FactSet estimate, which may have limited the positive market reaction despite the quarterly beat. Toro Fiscal 2026 EPS Outlook
• Negative Sentiment: Recent insider activity has been heavily weighted toward selling, including substantial sales by executives, which could weigh on sentiment. Institutional positioning was also mixed, with major holders both adding and reducing shares. Toro Insider and Institutional Activity

Institutional Trading of Toro

Several large investors have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in shares of Toro in the 4th quarter valued at $756,000. Russell Investments Group Ltd. lifted its holdings in Toro by 0.3% during the 4th quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company's stock worth $9,889,000 after buying an additional 410 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Toro by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company's stock valued at $20,345,000 after purchasing an additional 10,835 shares during the period. Stonebridge Capital Advisors LLC boosted its stake in shares of Toro by 6.9% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 9,299 shares of the company's stock valued at $732,000 after buying an additional 600 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its holdings in Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company's stock worth $5,100,000 after acquiring an additional 52,457 shares in the last quarter. 87.95% of the stock is owned by institutional investors.

Toro Company Profile

The Toro Company NYSE: TTC specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro's offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source