Analysts Offer Predictions for Toro's Q1 Earnings (NYSE:TTC)

The Toro Company (NYSE:TTC - Free Report) - Stock analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Toro in a note issued to investors on Tuesday, December 24th. DA Davidson analyst M. Shlisky anticipates that the company will post earnings per share of $0.63 for the quarter. DA Davidson currently has a "Neutral" rating and a $88.00 target price on the stock. The consensus estimate for Toro's current full-year earnings is $4.16 per share.

TTC has been the topic of several other research reports. Northland Securities reissued a "market perform" rating and set a $100.00 price objective on shares of Toro in a report on Friday, September 6th. Robert W. Baird lowered their price target on shares of Toro from $102.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, September 6th. Raymond James reduced their price objective on shares of Toro from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, December 20th. Finally, StockNews.com raised shares of Toro from a "hold" rating to a "buy" rating in a research note on Monday, September 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Toro presently has a consensus rating of "Hold" and an average price target of $93.75.

Toro Stock Performance

Shares of NYSE TTC traded up $0.64 during mid-day trading on Wednesday, hitting $80.85. The company had a trading volume of 336,791 shares, compared to its average volume of 864,160. Toro has a 12 month low of $77.15 and a 12 month high of $100.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85. The firm has a market cap of $8.18 billion, a P/E ratio of 21.22 and a beta of 0.70. The business's 50-day simple moving average is $84.01 and its 200-day simple moving average is $87.97.

Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Toro had a return on equity of 25.94% and a net margin of 8.89%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS.

Hedge Funds Weigh In On Toro

Several institutional investors have recently added to or reduced their stakes in TTC. Speece Thorson Capital Group Inc. grew its holdings in shares of Toro by 24.5% during the third quarter. Speece Thorson Capital Group Inc. now owns 144,438 shares of the company's stock worth $12,527,000 after purchasing an additional 28,453 shares during the last quarter. PEAK6 Investments LLC acquired a new position in Toro during the 3rd quarter worth about $1,248,000. Benjamin Edwards Inc. grew its holdings in Toro by 6,995.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 74,005 shares of the company's stock worth $6,418,000 after acquiring an additional 72,962 shares during the last quarter. Raymond James & Associates increased its position in Toro by 5.7% in the 3rd quarter. Raymond James & Associates now owns 278,700 shares of the company's stock valued at $24,172,000 after acquiring an additional 14,950 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Toro in the third quarter worth about $1,261,000. 87.95% of the stock is owned by institutional investors.

Toro announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 10th that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 23rd will be issued a $0.38 dividend. This is a positive change from Toro's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. Toro's dividend payout ratio is presently 37.91%.

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.