Toro (NYSE:TTC) Releases FY 2025 Earnings Guidance

Toro (NYSE:TTC - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.250-4.400 for the period, compared to the consensus estimate of 4.320. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.6 billion.

Toro Stock Performance

NYSE:TTC traded down $0.76 on Friday, reaching $73.44. 2,111,966 shares of the company's stock were exchanged, compared to its average volume of 900,039. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 18.31 and a beta of 0.70. Toro has a 52 week low of $72.18 and a 52 week high of $100.93. The stock has a fifty day simple moving average of $80.94 and a 200-day simple moving average of $83.55.

Toro (NYSE:TTC - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, hitting analysts' consensus estimates of $0.95. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Toro had a net margin of 9.14% and a return on equity of 27.25%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. As a group, sell-side analysts predict that Toro will post 4.41 earnings per share for the current year.

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Toro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 23rd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from Toro's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Monday, December 23rd. Toro's dividend payout ratio is presently 38.87%.

Toro announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 10th that permits the company to repurchase 4,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTC. Northland Capmk raised shares of Toro from a "hold" rating to a "strong-buy" rating in a report on Friday, February 21st. Northland Securities raised shares of Toro from a "market perform" rating to an "outperform" rating and set a $100.00 price target on the stock in a report on Monday, February 24th. Raymond James lowered their price target on shares of Toro from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. Robert W. Baird lowered their price target on shares of Toro from $88.00 to $84.00 and set a "neutral" rating on the stock in a report on Friday. Finally, StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toro currently has an average rating of "Moderate Buy" and a consensus target price of $91.75.

About Toro

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.