Toro (NYSE:TTC) Releases Quarterly Earnings Results

Toro (NYSE:TTC) announced its quarterly earnings data on Thursday. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02, Zacks reports. Toro had a net margin of 9.14% and a return on equity of 27.25%. Toro updated its FY 2025 guidance to 4.250-4.400 EPS.

Toro Trading Down 6.6 %

Shares of Toro stock traded down $5.12 during trading hours on Thursday, hitting $72.89. The company’s stock had a trading volume of 777,709 shares, compared to its average volume of 892,607. Toro has a 1-year low of $72.18 and a 1-year high of $100.93. The company has a market capitalization of $7.34 billion, a PE ratio of 18.10 and a beta of 0.72. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $81.24 and a 200 day moving average of $83.76.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 23rd were given a dividend of $0.38 per share. This is an increase from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, December 23rd. Toro’s payout ratio is currently 37.91%.

Analyst Upgrades and Downgrades

TTC has been the topic of a number of analyst reports. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Monday, February 24th. Finally, Raymond James decreased their target price on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.75.

Toro announced that its Board of Directors has initiated a share buyback program on Tuesday, December 10th that permits the company to buyback 4,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.