Toro (NYSE:TTC) Posts Earnings Results, Hits Expectations

Toro (NYSE:TTC) posted its quarterly earnings results on Wednesday. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95, Briefing.com reports. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Toro updated its FY 2025 guidance to 4.250-4.400 EPS and its FY25 guidance to $4.25-4.40 EPS.

Toro Stock Down 0.4 %

NYSE TTC opened at $81.09 on Friday. Toro has a 1-year low of $77.15 and a 1-year high of $102.00. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average is $84.18 and its two-hundred day moving average is $88.02. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 21.28 and a beta of 0.70.

Toro Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Toro declared that its board has initiated a stock buyback program on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.