Toro (NYSE:TTC) Releases FY 2025 Earnings Guidance

Toro (NYSE:TTC - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.150-4.300 for the period, compared to the consensus estimate of 4.310. The company issued revenue guidance of -, compared to the consensus revenue estimate of $4.6 billion.

Toro Trading Down 3.1%

NYSE TTC traded down $2.37 during mid-day trading on Thursday, reaching $73.21. 2,208,043 shares of the stock were exchanged, compared to its average volume of 956,606. Toro has a one year low of $62.34 and a one year high of $100.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The stock has a market cap of $7.31 billion, a P/E ratio of 18.26 and a beta of 0.83. The stock has a 50 day simple moving average of $71.04 and a 200-day simple moving average of $77.50.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.35 billion. Toro had a net margin of 9.14% and a return on equity of 27.25%. The business's revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. On average, analysts anticipate that Toro will post 4.41 EPS for the current year.

Toro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro's dividend payout ratio is currently 38.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday. Northland Securities upgraded shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a report on Monday, February 24th. DA Davidson cut their price target on shares of Toro from $86.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Wall Street Zen cut shares of Toro from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $90.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TTC. Focus Partners Wealth grew its holdings in Toro by 191.5% during the first quarter. Focus Partners Wealth now owns 7,586 shares of the company's stock valued at $552,000 after purchasing an additional 4,984 shares during the period. Empowered Funds LLC lifted its position in shares of Toro by 9.8% during the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company's stock valued at $2,826,000 after buying an additional 3,464 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Toro during the 1st quarter worth $285,000. Goldman Sachs Group Inc. grew its stake in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock worth $33,237,000 after acquiring an additional 124,373 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company's stock worth $446,000 after acquiring an additional 586 shares during the period. 87.95% of the stock is owned by institutional investors.

About Toro

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.