Q2 Earnings Forecast for Toro Issued By Northland Securities

Key Points

• Northland Securities raised its Q2 2026 EPS estimate to $1.52 (from $1.50) and boosted multi‑year forecasts — including FY2026 to $4.45 and FY2029 to $5.54 — indicating an improved medium‑term earnings outlook.
• Toro beat the most recent quarter with $0.74 EPS versus $0.65 expected and $1.04B in revenue, and set FY2026 guidance at 4.40–4.60 EPS.
• Analyst sentiment is mixed: DA Davidson raised its price target to $117 and maintained a Buy, but the consensus rating remains a "Hold" with an average price target of $100.40.

Toro Company (The) (NYSE:TTC - Free Report) - Analysts at Northland Securities upped their Q2 2026 EPS estimates for Toro in a research note issued on Monday, March 9th. Northland Securities analyst E. Jackson now expects that the company will post earnings of $1.52 per share for the quarter, up from their previous estimate of $1.50. The consensus estimate for Toro's current full-year earnings is $4.41 per share. Northland Securities also issued estimates for Toro's FY2026 earnings at $4.45 EPS, Q1 2027 earnings at $0.95 EPS, Q2 2027 earnings at $1.52 EPS, Q3 2027 earnings at $1.23 EPS, FY2027 earnings at $4.79 EPS and FY2029 earnings at $5.54 EPS.

A number of other equities research analysts have also issued reports on TTC. DA Davidson upped their target price on shares of Toro from $97.00 to $117.00 and gave the stock a "buy" rating in a report on Monday. Raymond James Financial cut Toro from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 18th. Robert W. Baird boosted their target price on shares of Toro from $100.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, March 6th. Zacks Research raised Toro from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised shares of Toro from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Toro has an average rating of "Hold" and a consensus price target of $100.40.

Toro Stock Down 0.9%

TTC stock opened at $98.90 on Wednesday. The company has a market capitalization of $9.59 billion, a P/E ratio of 29.61 and a beta of 0.80. The firm's fifty day simple moving average is $93.59 and its 200-day simple moving average is $81.87. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. Toro has a 12 month low of $62.34 and a 12 month high of $105.18.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company earned $0.65 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TTC. Davis Capital Management bought a new stake in Toro during the third quarter worth approximately $42,000. Danske Bank A S bought a new position in Toro during the third quarter valued at about $46,000. MTM Investment Management LLC acquired a new stake in Toro during the second quarter worth $85,000. Quent Capital LLC bought a new position in shares of Toro during the 3rd quarter worth about $97,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Toro in the third quarter valued at about $119,000. Institutional investors own 87.95% of the company's stock.

Trending Headlines about Toro

Here are the key news stories impacting Toro this week:

• Positive Sentiment: DA Davidson raised its price target to $117 and maintained a Buy view, calling for meaningful upside vs. the current share level — a direct positive catalyst for investor demand. Benzinga: DA Davidson price target
• Positive Sentiment: Independent coverage noted DA Davidson’s bullish call (coverage article). This amplifies the analyst-driven buying momentum. AmericanBankingNews: DA Davidson piece
• Positive Sentiment: Toro expanded its Intelli360 platform to include integrated parts ordering — a product upgrade that can boost recurring revenue, parts/service attach rates and margin stability over time. This is a tangible business development that supports longer-term revenue visibility. ForConstructionPros: Intelli360 expansion
• Positive Sentiment: Northland Securities raised several multi-year EPS forecasts (FY2026 to $4.45, FY2027 to $4.79, FY2028 slightly higher and FY2029 sharply higher to $5.54 from $4.00), signaling improved medium-term earnings expectations that can justify a higher multiple.
• Neutral Sentiment: Northland published a full set of quarterly and multi-year estimates (Q1–Q4 and FY ranges). These provide more detailed visibility but are a routine analyst update rather than a corporate event. MarketBeat: Toro analyst note summary
• Negative Sentiment: Offsetting the upgrades, Northland trimmed Q3 2026 EPS to $1.17 (from $1.19) and slightly lowered a far‑out FY2030 estimate — small downgrades that signal some near/long-term uncertainty but are modest in magnitude vs. the upward revisions.

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.

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