What is Northland Capmk's Forecast for Toro FY2025 Earnings?

Key Points

• Northland Capital Markets has reduced its FY2025 earnings per share forecast for Toro Company from $4.23 to $4.15, maintaining a "Hold" rating on the stock.
• Toro reported Q3 earnings of $1.24 per share, exceeding expectations but showing a 2.2% decline in revenue year-over-year, with current full-year earnings expected at $4.41 per share.
• Analysts have varied ratings for Toro, with several raising price targets, resulting in a consensus rating of "Moderate Buy" and an average price target of $92.60.

Toro Company (The) (NYSE:TTC - Free Report) - Stock analysts at Northland Capmk cut their FY2025 earnings estimates for shares of Toro in a research note issued to investors on Tuesday, September 9th. Northland Capmk analyst E. Jackson now expects that the company will post earnings per share of $4.15 for the year, down from their prior estimate of $4.23. Northland Capmk has a "Hold" rating on the stock. The consensus estimate for Toro's current full-year earnings is $4.41 per share. Northland Capmk also issued estimates for Toro's Q4 2025 earnings at $0.86 EPS, Q1 2026 earnings at $0.93 EPS, Q3 2026 earnings at $1.23 EPS, Q4 2026 earnings at $1.07 EPS, FY2027 earnings at $4.87 EPS and FY2028 earnings at $5.06 EPS.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.02. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. Toro had a net margin of 7.37% and a return on equity of 28.98%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Toro has set its FY 2025 guidance at 4.150-4.150 EPS.

A number of other analysts have also recently weighed in on the stock. DA Davidson raised their price target on shares of Toro from $93.00 to $97.00 and gave the company a "buy" rating in a report on Friday, September 5th. Longbow Research raised shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Monday, August 25th. Robert W. Baird boosted their target price on shares of Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Northland Securities boosted their target price on shares of Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 9th. Finally, Raymond James Financial dropped their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Toro currently has an average rating of "Moderate Buy" and an average price target of $92.60.

Toro Stock Up 0.3%

NYSE TTC traded up $0.22 during trading on Wednesday, reaching $79.50. 153,422 shares of the company's stock traded hands, compared to its average volume of 954,290. Toro has a 12-month low of $62.34 and a 12-month high of $89.50. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 24.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. The company's 50 day simple moving average is $76.69 and its two-hundred day simple moving average is $73.51.

Institutional Investors Weigh In On Toro

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Toro by 1.6% during the first quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company's stock worth $763,514,000 after buying an additional 169,865 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Toro by 16.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company's stock valued at $595,649,000 after purchasing an additional 1,156,314 shares during the period. AQR Capital Management LLC boosted its stake in shares of Toro by 1,184.6% in the first quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company's stock valued at $142,827,000 after purchasing an additional 1,810,429 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Toro by 39.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company's stock valued at $111,654,000 after purchasing an additional 434,257 shares during the period. Finally, King Luther Capital Management Corp boosted its stake in shares of Toro by 3.2% in the first quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company's stock valued at $78,407,000 after purchasing an additional 33,920 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the completion of the sale, the vice president directly owned 11,646 shares in the company, valued at approximately $826,749.54. This trade represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company's stock.

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.