Toro (NYSE:TTC) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Toro (NYSE:TTC) posted its quarterly earnings data on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02, Zacks reports. Toro had a return on equity of 27.25% and a net margin of 9.14%. Toro updated its FY 2025 guidance to 4.250-4.400 EPS.

Toro Trading Down 6.6 %

Shares of TTC stock traded down $5.12 during trading on Thursday, hitting $72.89. 777,709 shares of the stock traded hands, compared to its average volume of 892,607. The firm has a market capitalization of $7.34 billion, a P/E ratio of 18.10 and a beta of 0.72. Toro has a 52-week low of $72.18 and a 52-week high of $100.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The firm’s fifty day moving average price is $81.24 and its 200-day moving average price is $83.76.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, December 23rd. 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 2.09%. Toro’s payout ratio is 37.91%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTC. Northland Securities upgraded Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Monday, February 24th. Northland Capmk upgraded shares of Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Raymond James lowered their price target on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.75.

Toro announced that its Board of Directors has initiated a share buyback program on Tuesday, December 10th that permits the company to buyback 4,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.