Q1 Earnings Estimate for Toro Issued By DA Davidson

The Toro Company (NYSE:TTC) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Toro in a report released on Tuesday, December 24th. DA Davidson analyst M. Shlisky expects that the company will earn $0.63 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $88.00 target price on the stock. The consensus estimate for Toro’s current full-year earnings is $4.16 per share.

Toro (NYSE:TTC) last released its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Toro had a return on equity of 25.94% and a net margin of 8.89%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year.

A number of other equities analysts have also weighed in on the company. Robert W. Baird lowered their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Northland Securities restated a “market perform” rating and set a $100.00 price target on shares of Toro in a report on Friday, September 6th. Finally, Raymond James decreased their price objective on Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Toro currently has an average rating of “Hold” and a consensus target price of $93.75.

Toro Trading Up 1.0 %

TTC opened at $81.65 on Wednesday. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 21.43 and a beta of 0.70. The company’s 50 day simple moving average is $83.93 and its two-hundred day simple moving average is $87.92. Toro has a 1-year low of $77.15 and a 1-year high of $100.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85.

Hedge Funds Weigh In On Toro

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its stake in shares of Toro by 112.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock worth $55,000 after purchasing an additional 333 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Toro by 850.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock worth $74,000 after purchasing an additional 765 shares during the last quarter. CWM LLC grew its stake in Toro by 15.5% during the 3rd quarter. CWM LLC now owns 1,063 shares of the company’s stock worth $92,000 after buying an additional 143 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Toro in the second quarter valued at approximately $94,000. Finally, Blue Trust Inc. boosted its stake in Toro by 534.8% during the 3rd quarter. Blue Trust Inc. now owns 1,333 shares of the company’s stock worth $125,000 after purchasing an additional 1,123 shares during the period. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro announced that its board has authorized a share repurchase program on Tuesday, December 10th that authorizes the company to buyback 4,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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 positive change from Toro’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, December 23rd. This represents a $1.52 annualized dividend and a dividend yield of 1.86%. Toro’s dividend payout ratio (DPR) is presently 37.91%.

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.