Toro (NYSE:TTC) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.42-0.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.43. Toro also updated its FY18 guidance to $2.57-2.63 EPS.

A number of brokerages have commented on TTC. Dougherty & Co lowered Toro from a buy rating to a neutral rating in a research report on Friday, August 25th. BidaskClub lowered Toro from a buy rating to a hold rating in a report on Friday, August 25th. Finally, Seaport Global Securities lowered Toro from a buy rating to a neutral rating and set a $67.00 price target for the company. in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and an average price target of $63.75.

Shares of Toro (TTC) opened at $64.06 on Thursday. The stock has a market capitalization of $7,048.04, a PE ratio of 27.59, a PEG ratio of 2.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.74. Toro has a 1-year low of $54.09 and a 1-year high of $73.86.

In other news, Director Katherine J. Harless sold 6,000 shares of Toro 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 approximately $4,806,343.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 56,000 shares of company stock valued at $375,780. 5.69% of the stock is owned by corporate insiders.

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About Toro

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.

Earnings History and Estimates for Toro (NYSE:TTC)

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