Toro (NYSE:TTC) Issues FY 2026 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.400-4.600 for the period, compared to the consensus estimate of 4.500. The company issued revenue guidance of $4.6 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion.

Toro Stock Up 1.7%

NYSE:TTC traded up $1.67 on Thursday, hitting $102.40. The stock had a trading volume of 344,978 shares, compared to its average volume of 899,386. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. Toro has a 52 week low of $62.34 and a 52 week high of $105.19. The business’s fifty day moving average is $91.99 and its 200 day moving average is $81.22. The company has a market cap of $10.03 billion, a PE ratio of 32.30 and a beta of 0.80.

Toro (NYSE:TTC) last issued its earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. Toro had a return on equity of 28.90% and a net margin of 7.01%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. Toro’s revenue for the quarter was up 4.2% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts expect that Toro will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were issued a $0.39 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio (DPR) is currently 49.21%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered Toro from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Robert W. Baird set a $84.00 price objective on Toro in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Toro currently has a consensus rating of “Hold” and an average price target of $92.20.

Institutional Investors Weigh In On Toro

A number of hedge funds have recently made changes to their positions in TTC. Goldman Sachs Group Inc. lifted its stake in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after buying an additional 124,373 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Toro by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after purchasing an additional 10,835 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Toro by 0.3% in the 4th quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock worth $9,889,000 after buying an additional 410 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after buying an additional 52,457 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Toro by 16.6% in the third quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock valued at $4,029,000 after acquiring an additional 7,511 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

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.