Brokerages Expect Toro Co (TTC) Will Announce Earnings of $1.21 Per Share

Brokerages expect Toro Co (NYSE:TTC) to report earnings per share of $1.21 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Toro’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.20. Toro posted earnings of $1.08 per share in the same quarter last year, which indicates a positive year over year growth rate of 12%. The business is expected to issue its next quarterly earnings results on Thursday, May 24th.

On average, analysts expect that Toro will report full-year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.47 to $2.73. For the next year, analysts expect that the firm will post earnings of $3.05 per share, with EPS estimates ranging from $2.97 to $3.09. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Toro.

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Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The company had revenue of $548.25 million during the quarter, compared to the consensus estimate of $538.92 million. Toro had a net margin of 9.67% and a return on equity of 44.59%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share.

Separately, Zacks Investment Research upgraded shares of Toro from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday, December 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Toro currently has a consensus rating of “Hold” and an average target price of $71.00.

Toro (NYSE TTC) opened at $62.66 on Tuesday. The stock has a market cap of $6,761.79, a price-to-earnings ratio of 28.35, a PEG ratio of 2.37 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.57. Toro has a 1-year low of $58.39 and a 1-year high of $73.86.

In related news, VP Bradley A. Hamilton sold 2,000 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $65.33, for a total value of $130,660.00. Following the sale, the vice president now owns 3,851 shares of the company’s stock, valued at $251,585.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Richard W. Rodier sold 3,000 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $63.27, for a total transaction of $189,810.00. Following the completion of the sale, the vice president now directly owns 26,122 shares in the company, valued at approximately $1,652,738.94. The disclosure for this sale can be found here. In the last three months, insiders purchased 87,000 shares of company stock worth $11,910 and sold 65,200 shares worth $4,277,684. Insiders own 5.32% of the company’s stock.

Several institutional investors have recently modified their holdings of TTC. Suntrust Banks Inc. boosted its position in Toro by 2.1% during the fourth quarter. Suntrust Banks Inc. now owns 47,915 shares of the company’s stock valued at $3,124,000 after acquiring an additional 1,005 shares during the last quarter. Amalgamated Bank boosted its position in Toro by 5.5% during the fourth quarter. Amalgamated Bank now owns 22,202 shares of the company’s stock valued at $1,448,000 after acquiring an additional 1,154 shares during the last quarter. Mckinley Capital Management LLC Delaware boosted its position in Toro by 25.3% during the third quarter. Mckinley Capital Management LLC Delaware now owns 6,766 shares of the company’s stock valued at $420,000 after acquiring an additional 1,366 shares during the last quarter. Commerce Bank boosted its position in Toro by 17.6% during the fourth quarter. Commerce Bank now owns 9,606 shares of the company’s stock valued at $627,000 after acquiring an additional 1,440 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Toro by 14.0% during the fourth quarter. M&T Bank Corp now owns 11,834 shares of the company’s stock valued at $772,000 after acquiring an additional 1,452 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

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Toro Company Profile

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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