Toro Co (NYSE:TTC) – Investment analysts at Dougherty & Co dropped their FY2018 earnings per share (EPS) estimates for shares of Toro in a research report issued to clients and investors on Sunday. Dougherty & Co analyst J. Fisher now expects that the company will earn $2.47 per share for the year, down from their prior estimate of $2.62.
Toro (NYSE:TTC) last released its earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $548.25 million during the quarter, compared to analysts’ expectations of $538.92 million. Toro had a net margin of 9.67% and a return on equity of 44.59%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share.
Toro (NYSE:TTC) traded up $0.28 during mid-day trading on Wednesday, hitting $64.62. 237,268 shares of the stock were exchanged, compared to its average volume of 531,604. The stock has a market capitalization of $6,906.50, a PE ratio of 25.98, a P/E/G ratio of 2.37 and a beta of 0.60. The company has a quick ratio of 0.81, a current ratio of 1.57 and a debt-to-equity ratio of 0.52. Toro has a twelve month low of $58.39 and a twelve month high of $73.86.
In related news, VP Timothy P. Dordell sold 46,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $66.07, for a total transaction of $3,039,220.00. Following the completion of the sale, the vice president now owns 24,225 shares of the company’s stock, valued at approximately $1,600,545.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Bradley A. Hamilton sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $65.33, for a total transaction of $130,660.00. Following the sale, the vice president now directly owns 3,851 shares of the company’s stock, valued at approximately $251,585.83. The disclosure for this sale can be found here. Insiders have sold 73,000 shares of company stock valued at $4,814,630 in the last three months. Corporate insiders own 5.32% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new stake in Toro during the 4th quarter valued at about $727,000. Envestnet Asset Management Inc. grew its stake in Toro by 9.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 34,451 shares of the company’s stock valued at $2,247,000 after acquiring an additional 3,034 shares in the last quarter. Slow Capital Inc. purchased a new stake in Toro during the 4th quarter valued at about $422,000. Lake Street Advisors Group LLC purchased a new stake in Toro during the 4th quarter valued at about $240,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Toro during the 4th quarter valued at about $4,448,000. 74.52% of the stock is owned by institutional investors.
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The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.
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