Toro (NYSE:TTC) Releases FY 2026 Earnings Guidance

Toro (NYSE:TTC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 4.600-4.650 for the period, compared to the consensus estimate of 4.610. The company issued revenue guidance of $4.8 billion-$4.8 billion, compared to the consensus revenue estimate of $4.8 billion.

Analysts Set New Price Targets

Several research analysts have recently commented on TTC shares. Robert W. Baird reduced their price target on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.33.

Toro Trading Down 6.4%

Shares of NYSE:TTC opened at $92.82 on Friday. The company’s 50 day moving average is $96.28 and its two-hundred day moving average is $94.99. The company has a market cap of $8.84 billion, a PE ratio of 26.75 and a beta of 0.70. Toro has a 52 week low of $67.64 and a 52 week high of $105.18. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 earnings per share. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Equities analysts predict that Toro will post 4.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,600 shares of Toro stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total value of $614,394.00. Following the transaction, the vice president directly owned 12,166 shares in the company, valued at approximately $1,132,532.94. This trade represents a 35.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Edric Funk sold 527 shares of Toro stock in a transaction on Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $51,630.19. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,934 shares of company stock worth $1,204,933. 1.88% of the stock is owned by insiders.

More Toro News

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Fiscal Q3 revenue increased 8.4% year over year to $1.23 billion, exceeding the $1.19 billion analyst consensus. Adjusted earnings were $1.33 per share, ahead of the $1.31 estimate and up from $1.24 a year earlier. Toro earnings report
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $4.60-$4.65 from $4.50-$4.62, while the midpoint is slightly above the $4.61 consensus. Full-year sales-growth guidance was also lifted to 6.3%-6.6% from 4.0%-6.5%. Toro raises fiscal 2026 outlook
• Positive Sentiment: Growth was broad-based: Professional segment sales rose 8.8% and Residential sales increased 8.6%. Operating earnings climbed to $115.2 million from $64.8 million, while gross margin improved to 34.1% from 33.7%. Toro also returned $110 million to shareholders during the quarter, bringing year-to-date capital returns to $471 million. Toro Q3 sales and outlook
• Neutral Sentiment: The updated revenue outlook is broadly in line with the approximately $4.8 billion analyst forecast, so the guidance increase may already be partly reflected in expectations. With shares opening below their 50-day and 200-day moving averages, investors may be weighing the earnings beat against valuation and broader market conditions.
• Negative Sentiment: Insider trading data showed 13 insider sales versus one purchase over the past six months, including a sizable sale by Chairman and CEO Richard Olson. This could raise caution about near-term insider confidence, although insider transactions do not necessarily reflect company fundamentals.

Institutional Investors Weigh In On Toro

A number of large investors have recently bought and sold shares of TTC. Danske Bank A S purchased a new stake in Toro during the 3rd quarter worth about $46,000. Harvest Fund Management Co. Ltd acquired a new position in Toro during the third quarter valued at approximately $119,000. Caxton Associates LLP purchased a new stake in Toro during the 1st quarter worth $285,000. Integrated Wealth Concepts LLC grew its stake in shares of Toro by 10.6% in the first 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 in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Toro by 191.5% during 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. Institutional investors and hedge funds own 87.95% of the company’s stock.

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.