Toro Company (The) (TTC) To Go Ex-Dividend on March 30th

Toro Company (The) (NYSE:TTC) declared a quarterly dividend on Tuesday, March 17th. Investors of record on Monday, March 30th will be paid a dividend of 0.39 per share on Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, March 30th.

Toro has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 21 years. Toro has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Toro to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 33.4%.

Toro Trading Down 0.5%

TTC opened at $94.43 on Thursday. The stock has a 50-day moving average of $95.29 and a 200 day moving average of $82.43. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75. Toro has a 12 month low of $62.34 and a 12 month high of $105.18. The firm has a market cap of $9.15 billion, a P/E ratio of 28.27 and a beta of 0.80.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts forecast that Toro will post 4.41 EPS for the current year.

About Toro

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.