Toro (NYSE:TTC) Releases FY 2025 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.150-4.300 for the period, compared to the consensus estimate of 4.310. The company issued revenue guidance of -, compared to the consensus revenue estimate of $4.6 billion.

Toro Trading Down 6.6%

TTC opened at $68.43 on Friday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 17.06 and a beta of 0.83. The firm’s 50 day moving average is $70.96 and its 200-day moving average is $77.41. Toro has a 52-week low of $62.34 and a 52-week high of $100.93. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Toro had a net margin of 9.14% and a return on equity of 27.25%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Toro will post 4.41 EPS for the current fiscal year.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro’s dividend payout ratio (DPR) is 38.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTC. Northland Securities reaffirmed a “market perform” rating and set a $80.00 target price (down from $100.00) on shares of Toro in a research report on Friday. Wall Street Zen downgraded Toro from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Northland Capmk downgraded Toro from a “strong-buy” rating to a “hold” rating in a report on Friday. DA Davidson dropped their price objective on Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Raymond James dropped their price target on shares of Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.75.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caxton Associates LLP bought a new stake in Toro in the first quarter valued at about $285,000. Integrated Wealth Concepts LLC increased its holdings in shares of Toro by 10.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after acquiring an additional 586 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Toro by 191.5% in the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after acquiring an additional 4,984 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Toro by 9.8% in the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after acquiring an additional 3,464 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after acquiring an additional 124,373 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.