Toro (NYSE:TTC) Issues FY 2025 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.250-4.400 for the period, compared to the consensus estimate of 4.580. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.8 billion. Toro also updated its FY25 guidance to $4.25-4.40 EPS.

Wall Street Analyst Weigh In

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

Toro Trading Down 1.2 %

Shares of NYSE:TTC opened at $85.31 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. Toro has a 52-week low of $77.15 and a 52-week high of $102.00. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 22.39 and a beta of 0.70. The business has a 50-day moving average price of $84.25 and a 200-day moving average price of $88.12.

Toro (NYSE:TTC) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Equities analysts predict that Toro will post 4.16 EPS for the current 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 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 yield of 1.78%. The ex-dividend date of this dividend is Monday, December 23rd. Toro’s dividend payout ratio (DPR) is currently 39.90%.

Toro declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 10th that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication 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.