Toro (NYSE:TTC) Posts Earnings Results, Beats Expectations By $0.09 EPS

Toro (NYSE:TTC) announced its earnings results on Thursday. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.09, Briefing.com reports. Toro had a return on equity of 28.90% and a net margin of 7.01%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Toro updated its FY 2026 guidance to 4.400-4.600 EPS.

Toro Price Performance

NYSE TTC traded up $1.67 during trading hours on Thursday, hitting $102.40. 344,978 shares of the company’s stock traded hands, compared to its average volume of 899,386. The company has a market capitalization of $10.03 billion, a PE ratio of 32.30 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86. Toro has a 52-week low of $62.34 and a 52-week high of $105.19. The firm’s 50-day moving average is $91.99 and its 200-day moving average is $81.22.

Toro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were given a dividend of $0.39 per share. The ex-dividend date was Monday, December 22nd. This is a boost from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. Toro’s dividend payout ratio (DPR) is presently 49.21%.

Analyst Upgrades and Downgrades

TTC has been the subject of several recent analyst reports. Robert W. Baird set a $84.00 price target on shares of Toro in a report on Tuesday, December 16th. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of Toro from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Toro presently has an average rating of “Hold” and a consensus target price of $92.20.

Institutional Investors Weigh In On Toro

A number of large investors have recently made changes to their positions in TTC. Russell Investments Group Ltd. lifted its position in Toro by 11.0% during the third quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock worth $9,541,000 after buying an additional 12,380 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after buying an additional 52,457 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Toro by 16.6% in the 3rd quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock worth $4,029,000 after acquiring an additional 7,511 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Toro by 9.8% during the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after acquiring an additional 3,464 shares during the period. Finally, Horizon Investments LLC boosted its position in shares of Toro by 88.4% during the 3rd quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock valued at $2,229,000 after acquiring an additional 13,789 shares during the last quarter. 87.95% of the stock is currently owned by hedge funds and other 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.