Toro Co. Hits New 52-Week High at $59.00 (TTC)
Shares of Toro (NYSE:TTC) hit a new 52-week high on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $59.00 and last traded at $58.92, with a volume of 72,672 shares trading hands. The stock had previously closed at $58.54.
Separately, analysts at Zacks upgraded shares of Toro from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $57.60 price target on the stock.
Toro has a one year low of $36.82 and a one year high of $54.98. The stock’s 50-day moving average is $50.98 and its 200-day moving average is $47.66. The company has a market cap of $3.369 billion and a price-to-earnings ratio of 23.18.
Toro (NYSE:TTC) last announced its earnings results 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 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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