Toro (NYSE:TTC) Releases Earnings Results, Beats Estimates By $0.09 EPS

Toro (NYSE:TTC) posted its quarterly earnings results on Thursday. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09, Briefing.com reports. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Toro had a return on equity of 28.90% and a net margin of 7.01%.Toro’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Toro updated its FY 2026 guidance to 4.400-4.600 EPS.

Toro Trading Down 0.4%

Shares of Toro stock traded down $0.36 on Thursday, hitting $100.37. The stock had a trading volume of 443,483 shares, compared to its average volume of 902,557. The stock has a 50 day moving average of $91.99 and a 200 day moving average of $81.22. The firm has a market capitalization of $9.83 billion, a P/E ratio of 31.66 and a beta of 0.80. Toro has a twelve month low of $62.34 and a twelve month high of $105.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were paid a $0.39 dividend. This is an increase from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 22nd. Toro’s payout ratio is currently 49.21%.

Hedge Funds Weigh In On Toro

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 worth $446,000 after purchasing an additional 586 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Toro by 37.4% in 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 during the last quarter. Caxton Associates LLP acquired a new stake in shares of Toro in the first quarter valued at about $285,000. Empowered Funds LLC raised its position in shares of Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after acquiring an additional 3,464 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Toro by 191.5% in the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock worth $552,000 after acquiring an additional 4,984 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Toro Company Profile

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.