News articles about Toro (NYSE:TTC) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Toro earned a news impact score of 0.17 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.1662595868619 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Toro (TTC) traded down $0.17 during trading hours on Monday, reaching $66.98. 342,100 shares of the company traded hands, compared to its average volume of 454,489. The company has a market cap of $7,140.00, a P/E ratio of 27.79, a PEG ratio of 2.56 and a beta of 0.61. Toro has a 12-month low of $57.17 and a 12-month high of $73.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.65.
Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $491.55 million. Toro had a net margin of 10.69% and a return on equity of 44.66%. Toro’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. sell-side analysts anticipate that Toro will post 2.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 22nd were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This is an increase from Toro’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.19%. Toro’s dividend payout ratio (DPR) is currently 33.20%.
Separately, Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $68.33.
In related news, VP Timothy P. Dordell sold 46,000 shares of Toro stock in a transaction dated 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 sale, the vice president now directly owns 24,225 shares in the company, valued at approximately $1,600,545.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Bradley A. Hamilton sold 2,000 shares of Toro stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $65.33, for a total transaction of $130,660.00. Following the completion of the sale, the vice president now owns 3,851 shares in the company, valued at $251,585.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,000 shares of company stock worth $4,814,630. 5.69% of the stock is currently owned by insiders.
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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