Toro (NYSE:TTC) Releases FY 2026 Earnings Guidance

Toro (NYSE:TTC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.500-4.620 for the period, compared to the consensus estimate of 4.540. The company issued revenue guidance of $4.8 billion-$5.1 billion, compared to the consensus revenue estimate of $4.7 billion.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTC shares. DA Davidson boosted their target price on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Robert W. Baird boosted their price objective on shares of Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.40.

Toro Stock Performance

Toro stock opened at $91.05 on Thursday. Toro has a 12-month low of $67.04 and a 12-month high of $105.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 27.26 and a beta of 0.70. The firm’s fifty day moving average price is $93.24 and its 200 day moving average price is $88.82.

Toro (NYSE:TTC) last released its earnings results on Thursday, June 4th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, research analysts forecast that Toro will post 4.52 EPS for the current fiscal year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 16th. Toro’s dividend payout ratio (DPR) is currently 46.71%.

Insiders Place Their Bets

In related news, CEO Richard M. Olson sold 119,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the completion of the sale, the chief executive officer directly owned 38,186 shares in the company, valued at approximately $3,824,327.90. This trade represents a 75.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke sold 4,951 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the transaction, the director directly owned 2,704 shares in the company, valued at $268,777.60. The trade was a 64.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.88% of the company’s stock.

Institutional Investors Weigh In On Toro

Hedge funds have recently bought and sold shares of the company. Danske Bank A S bought a new position in shares of Toro in the third quarter worth about $46,000. Harvest Fund Management Co. Ltd bought a new position in Toro in the 3rd quarter worth approximately $119,000. Caxton Associates LLP bought a new stake in Toro in the first quarter valued at $285,000. Integrated Wealth Concepts LLC raised its holdings 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 valued at $446,000 after buying an additional 586 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of Toro by 191.5% during the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock worth $552,000 after buying an additional 4,984 shares during the period. 87.95% of the stock is currently owned by institutional investors.

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.