Toro (NYSE:TTC) Issues FY25 Earnings Guidance

Toro (NYSE:TTC) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $4.25-4.40 for the period, compared to the consensus EPS estimate of $4.58. The company issued revenue guidance of +0-1% to $4.58-4.63 billion, compared to the consensus revenue estimate of $4.78 billion. Toro also updated its FY 2025 guidance to 4.250-4.400 EPS.

Toro Trading Down 4.5 %

Shares of TTC stock opened at $81.44 on Thursday. The stock has a fifty day simple moving average of $84.20 and a two-hundred day simple moving average of $88.07. Toro has a 52-week low of $77.15 and a 52-week high of $102.00. The firm has a market capitalization of $8.36 billion, a PE ratio of 21.38 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94.

Toro (NYSE:TTC) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, analysts predict that Toro will post 4.16 EPS for the current fiscal year.

Toro Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 23rd will be issued a $0.38 dividend. This is an increase from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, December 23rd. Toro’s payout ratio is currently 39.90%.

Toro declared that its board has approved a stock repurchase plan on Tuesday, December 10th that authorizes the company to buyback 4,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

TTC has been the topic of several research reports. Robert W. Baird reduced their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. DA Davidson reduced their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Northland Securities reaffirmed a “market perform” rating and set a $100.00 price objective on shares of Toro in a report on Friday, September 6th. Finally, StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Toro currently has a consensus rating of “Hold” and a consensus price target of $93.33.

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.