Toro (NYSE:TTC) is set to announce its earnings results before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $1.20 per share for the quarter. Toro has set its Q2 guidance at $1.15-1.20 EPS.
Toro (NYSE:TTC) last issued its earnings results on Thursday, February 21st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $603.00 million during the quarter, compared to the consensus estimate of $575.05 million. Toro had a net margin of 11.55% and a return on equity of 44.47%. Toro’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. 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 stock opened at $72.13 on Thursday. The firm has a market capitalization of $7.55 billion, a P/E ratio of 27.01 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. Toro has a fifty-two week low of $52.97 and a fifty-two week high of $75.13.
In other Toro news, Director Gary Lee Ellis sold 15,108 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $68.60, for a total transaction of $1,036,408.80. Following the completion of the transaction, the director now owns 43,861 shares of the company’s stock, valued at approximately $3,008,864.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Buhrmaster sold 9,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $67.27, for a total transaction of $605,430.00. Following the transaction, the director now directly owns 25,091 shares of the company’s stock, valued at approximately $1,687,871.57. The disclosure for this sale can be found here. Insiders sold a total of 59,293 shares of company stock valued at $4,048,661 in the last ninety days. 2.36% of the stock is currently owned by insiders.
Several research analysts recently weighed in on TTC shares. Robert W. Baird started coverage on shares of Toro in a report on Friday, January 18th. They issued a “neutral” rating and a $62.00 target price for the company. Zacks Investment Research raised shares of Toro from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, ValuEngine raised shares of Toro from a “hold” rating to a “buy” rating in a report on Friday, February 22nd.
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Toro Company Profile
The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.
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