Toro Co (NYSE:TTC) CFO Renee J. Peterson sold 78,000 shares of Toro stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.05, for a total value of $5,775,900.00. Following the completion of the sale, the chief financial officer now owns 9,682 shares in the company, valued at $716,952.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
TTC opened at $73.24 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.49 and a quick ratio of 0.67. The company’s 50 day simple moving average is $72.46 and its two-hundred day simple moving average is $70.25. Toro Co has a 1-year low of $52.97 and a 1-year high of $75.27. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.80.
Toro (NYSE:TTC) last released its earnings results on Thursday, August 22nd. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.10. Toro had a net margin of 9.34% and a return on equity of 40.52%. The business had revenue of $838.71 million for the quarter, compared to analyst estimates of $876.33 million. During the same period last year, the company posted $0.68 EPS. The business’s revenue was up 27.9% on a year-over-year basis. On average, equities analysts anticipate that Toro Co will post 2.96 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Toro from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. ValuEngine cut Toro from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Sidoti set a $72.00 price objective on Toro and gave the stock a “hold” rating in a report on Tuesday, June 11th. Finally, Dougherty & Co assumed coverage on Toro in a report on Wednesday, August 28th. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, Toro presently has an average rating of “Hold” and a consensus price target of $71.00.
Toro Company Profile
The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.
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