Toro (NYSE:TTC) Releases Earnings Results, Beats Estimates By $0.04 EPS

Toro (NYSE:TTC) issued its earnings results on Thursday. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04, Briefing.com reports. Toro had a return on equity of 27.25% and a net margin of 9.14%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm posted $1.40 EPS. Toro’s quarterly revenue was down 2.3% compared to the same quarter last year. Toro updated its FY 2025 guidance to 4.150-4.300 EPS.

Toro Trading Down 6.6%

TTC opened at $68.43 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.83 billion, a PE ratio of 17.06 and a beta of 0.83. Toro has a 1-year low of $62.34 and a 1-year high of $100.93. The firm has a 50-day moving average price of $70.96 and a two-hundred day moving average price of $77.41.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, June 17th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.22%. Toro’s dividend payout ratio (DPR) is presently 38.97%.

Wall Street Analyst Weigh In

TTC has been the subject of several recent analyst reports. Wall Street Zen lowered Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. DA Davidson dropped their price objective on Toro from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Northland Securities reiterated a “market perform” rating and set a $80.00 target price (down previously from $100.00) on shares of Toro in a research report on Friday. Northland Capmk cut shares of Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, Robert W. Baird increased their target price on shares of Toro from $84.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.75.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Toro by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after purchasing an additional 124,373 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Toro by 9.8% in the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after buying an additional 3,464 shares during the period. Focus Partners Wealth increased its stake in shares of Toro by 191.5% in the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after buying an additional 4,984 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Toro by 10.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after buying an additional 586 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of Toro in the 1st quarter valued at $285,000. Institutional investors and hedge funds own 87.95% 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.