Toro (NYSE:TTC) Updates FY 2026 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.600-4.650 for the period, compared to the consensus estimate of 4.610. The company issued revenue guidance of $4.8 billion-$4.8 billion, compared to the consensus revenue estimate of $4.8 billion.

Toro Stock Up 1.2%

TTC stock opened at $93.45 on Friday. The stock has a market capitalization of $8.90 billion, a PE ratio of 24.99 and a beta of 0.70. The company has a fifty day moving average of $96.21 and a 200-day moving average of $94.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. Toro has a one year low of $67.64 and a one year high of $105.18.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, analysts expect that Toro will post 4.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TTC. DA Davidson lowered their price objective on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Robert W. Baird decreased their price target on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Wall Street Zen lowered Toro from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Toro has a consensus rating of “Hold” and a consensus target price of $101.67.

Insider Activity at Toro

In other Toro news, COO Edric C. Funk sold 527 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $51,630.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kurt Svendsen sold 6,600 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the transaction, the vice president directly owned 12,166 shares of the company’s stock, valued at approximately $1,132,532.94. This trade represents a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,934 shares of company stock worth $1,204,933 over the last 90 days. Company insiders own 1.88% of the company’s stock.

Key Toro News

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Toro reported fiscal Q3 revenue of $1.23 billion, up 8.4% year over year and above the $1.19 billion consensus estimate. Adjusted earnings of $1.33 per share also exceeded analyst expectations and rose from $1.24 a year earlier. Toro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $4.60-$4.65, from $4.50-$4.62, and increased its revenue-growth outlook to 6.3%-6.6%. The new earnings range is broadly in line with the $4.61 consensus estimate. Toro Reports Higher Earnings and Raises FY26 Outlook
• Positive Sentiment: Growth was broad-based, with Professional segment sales increasing 8.8% and Residential segment sales rising 8.6%. Gross margin improved to 34.1% from 33.7%, while Toro returned $110 million to shareholders during the quarter.
• Positive Sentiment: DA Davidson maintained a Buy rating and reduced its price target modestly to $115 from $117, still implying substantial upside from the referenced trading level.
• Neutral Sentiment: Although earnings and revenue beat estimates, reported GAAP diluted EPS was $0.81, reflecting the impact of items that distinguish it from the $1.33 adjusted EPS figure highlighted in market coverage. Toro Fiscal 2026 EPS Guidance
• Negative Sentiment: Insider activity was heavily weighted toward selling, including a substantial sale by Chairman and CEO Richard Olson. This may raise caution about management’s view of near-term valuation, despite the stronger operating results.

Hedge Funds Weigh In On Toro

Hedge funds have recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in Toro during the fourth quarter worth $756,000. Russell Investments Group Ltd. increased its position in shares of Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after buying an additional 410 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Toro by 4.4% during the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after buying an additional 10,835 shares during the last quarter. Stonebridge Capital Advisors LLC raised its stake in shares of Toro by 6.9% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 9,299 shares of the company’s stock worth $732,000 after buying an additional 600 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after buying an additional 52,457 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Company Profile

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.