Toro (NYSE:TTC) Updates FY 2025 Earnings Guidance

Toro (NYSE:TTC) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.150-4.300 for the period, compared to the consensus estimate of 4.310. The company issued revenue guidance of -, compared to the consensus revenue estimate of $4.6 billion.

Toro Price Performance

Shares of Toro stock opened at $75.61 on Thursday. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $71.04 and its two-hundred day moving average price is $77.56. Toro has a 52 week low of $62.34 and a 52 week high of $100.93. The stock has a market cap of $7.55 billion, a PE ratio of 18.86 and a beta of 0.83.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. Toro had a net margin of 9.14% and a return on equity of 27.25%. During the same period in the previous year, the firm earned $1.40 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, June 17th. Toro’s dividend payout ratio (DPR) is presently 38.87%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TTC shares. Northland Capmk upgraded Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. DA Davidson cut their price objective on Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Wall Street Zen downgraded Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Robert W. Baird boosted their price objective on Toro from $84.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Northland Securities upgraded Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Hedge Funds Weigh In On Toro

Large investors have recently made changes to their positions in the business. Caxton Associates LLP acquired a new position in shares of Toro in the 1st quarter valued at about $285,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Toro by 10.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after buying an additional 586 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Toro by 191.5% during the first 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 last quarter. Empowered Funds LLC lifted its holdings 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 buying an additional 3,464 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Toro by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after purchasing an additional 124,373 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.