Toro Co. (TTC) Releases FY14 Earnings Guidance
Toro Co. (NYSE:TTC) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.94-2.96 for the period, compared to the Thomson Reuters consensus estimate of $2.96, AnalystRatingsNetwork reports. The company issued revenue guidance of +6% to ~$2.17 billion, compared to the consensus revenue estimate of $2.16 billion.
Toro Co. (NYSE:TTC) opened at 61.25 on Thursday. Toro Co. has a 52-week low of $49.56 and a 52-week high of $67.35. The stock’s 50-day moving average is $61.23 and its 200-day moving average is $63.46. The company has a market cap of $3.410 billion and a P/E ratio of 22.85.
Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $567.50 million for the quarter, compared to the consensus estimate of $588.10 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Toro Co. will post $2.96 EPS 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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