Toro (TTC) to Release Quarterly Earnings on Thursday

Toro (NYSE:TTC) will announce its earnings results before the market opens on Thursday, September 5th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Toro has set its FY24 guidance at $4.25-4.35 EPS and its FY 2024 guidance at 4.250-4.350 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, June 6th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Toro had a net margin of 6.00% and a return on equity of 25.04%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts expect Toro to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Toro Stock Performance

Shares of TTC stock opened at $91.66 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.93. Toro has a one year low of $77.15 and a one year high of $103.12. The company’s 50-day simple moving average is $92.00 and its 200-day simple moving average is $90.11. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 36.23 and a beta of 0.69.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their target price on shares of Toro from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Toro presently has a consensus rating of “Hold” and an average price target of $99.25.

Insider Activity at Toro

In related news, CEO Richard M. Olson sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $95.19, for a total transaction of $1,903,800.00. Following the transaction, the chief executive officer now owns 17,913 shares in the company, valued at $1,705,138.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.62% of the company’s stock.

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.