Toro (NYSE:TTC) Issues FY 2025 Earnings Guidance

Key Points

• Toro has updated its FY 2025 earnings guidance, projecting earnings per share (EPS) of $4.150, below the consensus estimate of $4.240, and revenue guidance of $4.4 billion, also short of the consensus of $4.5 billion.
• The company's recent earnings report showed a 2.2% year-over-year decline in revenue, with an EPS of $1.24, beating the estimate by $0.02.
• Institutional investors have increased their stakes in Toro, with notable increases from Focus Partners Wealth and Goldman Sachs Group; currently, 87.95% of Toro's stock is held by hedge funds and other institutions.

Toro (NYSE:TTC - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 4.150-4.150 for the period, compared to the consensus earnings per share estimate of 4.240. The company issued revenue guidance of $4.4 billion-$4.4 billion, compared to the consensus revenue estimate of $4.5 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Toro from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Friday. 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 note on Monday, August 25th. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. DA Davidson raised their target price on shares of Toro from $93.00 to $97.00 and gave the company a "buy" rating in a research note on Friday. Finally, Raymond James Financial cut their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.60.

Toro Stock Down 0.3%

Toro stock traded down $0.22 during midday trading on Monday, hitting $81.42. 732,977 shares of the stock were exchanged, compared to its average volume of 964,170. Toro has a 1 year low of $62.34 and a 1 year high of $89.50. The firm has a market cap of $7.97 billion, a P/E ratio of 24.67 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 has a 50 day moving average price of $76.10 and a two-hundred day moving average price of $73.54.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. Toro had a net margin of 7.37% and a return on equity of 28.98%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The firm's quarterly revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, sell-side analysts predict that Toro will post 4.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the sale, the vice president owned 11,646 shares of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of Toro stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the sale, the director directly owned 34,062 shares in the company, valued at $2,411,930.22. This trade represents a 12.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.39% of the company's stock.

Institutional Investors Weigh In On Toro

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

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.