Toro Upgraded by Zacks to Outperform (TTC)
Toro (NYSE:TTC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has a $57.60 target price on the stock. Zacks‘ price objective would suggest a potential upside of 5.98% from the stock’s previous close.
Toro (NYSE:TTC) traded up 1.34% during mid-day trading on Tuesday, hitting $55.08. 90,752 shares of the company’s stock traded hands. Toro has a 52 week low of $39.20 and a 52 week high of $55.49. The stock has a 50-day moving average of $52.7 and a 200-day moving average of $48.3. The company has a market cap of $3.148 billion and a P/E ratio of 21.52.
Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.11. The company had revenue of $509.90 million for the quarter, compared to the consensus estimate of $505.00 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Toro will post $2.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, September 26th.
The Toro Company (NYSE:TTC) designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, agricultural micro-irrigation systems, landscaping equipment and lighting, and residential yard and snow removal products.
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