Equities analysts forecast that Toro Company (The) (NYSE:TTC) will announce sales of $489.20 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Toro Company (The)’s earnings, with estimates ranging from $484.70 million to $492.50 million. Toro Company (The) posted sales of $468.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The company is expected to report its next earnings results on Thursday, December 14th.

On average, analysts expect that Toro Company (The) will report full year sales of $489.20 million for the current financial year, with estimates ranging from $2.50 billion to $2.51 billion. For the next year, analysts expect that the firm will post sales of $2.66 billion per share, with estimates ranging from $2.64 billion to $2.67 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Toro Company (The).

Toro Company (The) (NYSE:TTC) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The company had revenue of $627.90 million during the quarter, compared to analyst estimates of $628.08 million. Toro Company (The) had a return on equity of 45.32% and a net margin of 10.63%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share.

A number of equities research analysts have issued reports on TTC shares. Zacks Investment Research lowered Toro Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Dougherty & Co lowered Toro Company (The) from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. Seaport Global Securities lowered Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 price target for the company. in a research note on Friday, August 25th. Finally, BidaskClub lowered Toro Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $63.75.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, September 28th. Toro Company (The)’s dividend payout ratio (DPR) is presently 29.54%.

In related news, VP Blake M. Grams sold 8,200 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $60.93, for a total value of $499,626.00. Following the sale, the vice president now directly owns 8,200 shares of the company’s stock, valued at approximately $499,626. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katherine J. Harless sold 6,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $61.88, for a total transaction of $371,280.00. Following the completion of the sale, the director now directly owns 77,672 shares in the company, valued at $4,806,343.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,200 shares of company stock valued at $875,406. 5.69% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of TTC. Alps Advisors Inc. increased its holdings in Toro Company (The) by 0.6% during the second quarter. Alps Advisors Inc. now owns 8,825 shares of the company’s stock valued at $611,000 after buying an additional 54 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its stake in Toro Company (The) by 0.5% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 12,075 shares of the company’s stock valued at $837,000 after acquiring an additional 65 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Toro Company (The) by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 12,413 shares of the company’s stock valued at $860,000 after acquiring an additional 72 shares in the last quarter. World Asset Management Inc boosted its stake in Toro Company (The) by 2.8% in the second quarter. World Asset Management Inc now owns 7,809 shares of the company’s stock valued at $541,000 after acquiring an additional 214 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in Toro Company (The) by 17.4% in the second quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock valued at $246,000 after acquiring an additional 527 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors.

Toro Company (The) Company Profile

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.

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Earnings History and Estimates for Toro Company (The) (NYSE:TTC)

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