DA Davidson Weighs in on Toro's FY2025 Earnings (NYSE:TTC)

The Toro Company (NYSE:TTC - Free Report) - Investment analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Toro in a research report issued on Tuesday, March 11th. DA Davidson analyst M. Shlisky now expects that the company will post earnings per share of $4.30 for the year, down from their previous estimate of $4.72. DA Davidson currently has a "Neutral" rating and a $80.00 price target on the stock. The consensus estimate for Toro's current full-year earnings is $4.41 per share.

Several other analysts also recently weighed in on TTC. Northland Capmk raised Toro from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 21st. Raymond James cut their target price on Toro from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, December 20th. StockNews.com downgraded Toro from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Northland Securities raised Toro from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research note on Monday, February 24th. Finally, Robert W. Baird cut their target price on Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

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Toro Trading Down 2.8 %

Shares of NYSE TTC opened at $73.30 on Thursday. The stock's 50 day simple moving average is $80.65 and its 200 day simple moving average is $83.23. 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 company has a market cap of $7.38 billion, a price-to-earnings ratio of 18.28 and a beta of 0.70. Toro has a 12-month low of $72.18 and a 12-month high of $100.93.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.95. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS.

Toro announced that its Board of Directors has approved a stock buyback program on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Toro

Hedge funds have recently modified their holdings of the stock. True Wealth Design LLC grew its holdings in shares of Toro by 127.2% in the 4th quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after acquiring an additional 206 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Toro in the 4th quarter worth $31,000. CIBC Private Wealth Group LLC boosted its position in shares of Toro by 30.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after buying an additional 127 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Toro by 195.7% in the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock worth $44,000 after buying an additional 362 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Toro by 54.6% in the fourth quarter. First Horizon Advisors Inc. now owns 807 shares of the company's stock worth $65,000 after buying an additional 285 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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