Analysts forecast that Toro Co (NYSE:TTC) will report $0.44 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Toro’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.42. Toro posted earnings per share of $0.41 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Toro will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.61 to $2.63. For the next year, analysts expect that the firm will post earnings of $2.90 per share, with EPS estimates ranging from $2.86 to $2.95. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Toro.
Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $488.60 million for the quarter, compared to analysts’ expectations of $491.55 million. Toro had a return on equity of 44.66% and a net margin of 10.69%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS.
In related news, VP Bradley A. Hamilton sold 2,000 shares of Toro stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $65.33, for a total value of $130,660.00. Following the transaction, the vice president now directly owns 3,851 shares in the company, valued at approximately $251,585.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy P. Dordell sold 46,000 shares of Toro stock in a transaction on Friday, January 5th. The stock was sold at an average price of $66.07, for a total value of $3,039,220.00. Following the completion of the transaction, the vice president now owns 24,225 shares in the company, valued at $1,600,545.75. The disclosure for this sale can be found here. Insiders sold a total of 73,000 shares of company stock worth $4,814,630 over the last 90 days. Insiders own 5.32% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TTC. Bamco Inc. NY grew its holdings in shares of Toro by 24.5% during the fourth quarter. Bamco Inc. NY now owns 555,494 shares of the company’s stock valued at $36,235,000 after buying an additional 109,341 shares in the last quarter. MANA Advisors LLC purchased a new position in shares of Toro during the fourth quarter valued at $876,000. Granite Investment Advisors LLC purchased a new position in shares of Toro during the fourth quarter valued at $261,000. MML Investors Services LLC grew its holdings in shares of Toro by 64.0% during the fourth quarter. MML Investors Services LLC now owns 13,929 shares of the company’s stock valued at $909,000 after buying an additional 5,436 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Toro during the fourth quarter valued at $11,440,000. Institutional investors and hedge funds own 74.48% of the company’s stock.
Shares of Toro (NYSE TTC) traded up $0.73 during midday trading on Wednesday, hitting $61.72. The company had a trading volume of 203,458 shares, compared to its average volume of 461,190. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The firm has a market cap of $6,600.00, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59. Toro has a twelve month low of $58.39 and a twelve month high of $73.86.
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Toro 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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