What is Northland Capmk's Estimate for Toro FY2026 Earnings?

Key Points

• Northland Capmk has raised its FY2026 earnings estimate for Toro Company, now projecting earnings per share of $4.74, up from $4.66, while maintaining a "Hold" rating on the stock.
• Toro's latest quarterly earnings report showed a net income of $1.24 per share, exceeding expectations, though revenues declined 2.2% year-over-year to $1.13 billion.
• Multiple brokerages have issued conflicting ratings on Toro's stock, with a current consensus rating of "Moderate Buy" and an average price target of $92.60.

Toro Company (The) (NYSE:TTC - Free Report) - Equities researchers at Northland Capmk boosted their FY2026 earnings estimates for Toro in a report released on Tuesday, September 9th. Northland Capmk analyst E. Jackson now expects that the company will earn $4.74 per share for the year, up from their prior forecast of $4.66. Northland Capmk currently has a "Hold" rating on the stock. The consensus estimate for Toro's current full-year earnings is $4.41 per share.

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

Toro Trading Down 0.9%

Shares of TTC stock traded down $0.69 on Thursday, hitting $78.90. 287,126 shares of the stock traded hands, compared to its average volume of 952,683. The firm's 50-day moving average price is $76.81 and its two-hundred day moving average price is $73.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. The stock has a market capitalization of $7.72 billion, a PE ratio of 23.91 and a beta of 0.80. Toro has a twelve month low of $62.34 and a twelve month high of $89.50.

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

Hedge Funds Weigh In On Toro

A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in shares of Toro by 1.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after acquiring an additional 173 shares during the last quarter. True Wealth Design LLC grew its position in shares of Toro by 127.2% during the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Toro by 5.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after acquiring an additional 220 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in Toro by 9.1% in the first quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock valued at $209,000 after acquiring an additional 240 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock valued at $36,000 after acquiring an additional 240 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the company's stock in a transaction that occurred 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 directly owned 11,646 shares in the company, valued at approximately $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.