Toro (TTC) to Release Quarterly Earnings on Thursday

Toro (NYSE:TTC) is scheduled to be announcing its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Toro has set its Q1 guidance at $0.42-0.44 EPS and its FY18 guidance at $2.57-2.63 EPS.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Toro had a net margin of 10.69% and a return on equity of 44.66%. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $491.55 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect Toro to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Toro (TTC) opened at $62.42 on Thursday. Toro has a fifty-two week low of $58.39 and a fifty-two week high of $73.86. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $6,600.00, a price-to-earnings ratio of 25.90, a PEG ratio of 2.32 and a beta of 0.59.

Separately, Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Toro currently has a consensus rating of “Hold” and a consensus target price of $69.00.

In related news, VP Timothy P. Dordell sold 46,000 shares of Toro stock in a transaction on Friday, January 5th. The shares were sold at an average price of $66.07, for a total value of $3,039,220.00. Following the transaction, the vice president now owns 24,225 shares in the company, valued at approximately $1,600,545.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $130,660.00. Following the completion of the transaction, the vice president now owns 3,851 shares in the company, valued at approximately $251,585.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,000 shares of company stock worth $4,814,630. 5.32% of the stock is owned by corporate insiders.

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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.

Earnings History for Toro (NYSE:TTC)

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