Toro (NYSE:TTC) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Toro (NYSE:TTC) announced its quarterly earnings data on Thursday. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04, Briefing.com reports. Toro had a net margin of 9.14% and a return on equity of 27.25%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm posted $1.40 EPS. Toro’s revenue was down 2.3% on a year-over-year basis. Toro updated its FY 2025 guidance to 4.150-4.300 EPS.

Toro Stock Down 1.6%

Shares of TTC traded down $1.22 during trading on Thursday, reaching $74.36. The company’s stock had a trading volume of 825,286 shares, compared to its average volume of 953,602. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 18.54 and a beta of 0.83. The company has a fifty day moving average of $71.04 and a two-hundred day moving average of $77.56. 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 has a twelve month low of $62.34 and a twelve month high of $100.93.

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 2.04%. The ex-dividend date of this dividend is Tuesday, June 17th. Toro’s dividend payout ratio (DPR) is 38.87%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted its position in Toro by 10.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after purchasing an additional 586 shares during the period. Empowered Funds LLC boosted its holdings in shares of Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after purchasing an additional 3,464 shares during the period. Caxton Associates LLP acquired a new stake in Toro during the first quarter valued at $285,000. Focus Partners Wealth grew its position in Toro by 191.5% in the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock worth $552,000 after acquiring an additional 4,984 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after buying an additional 124,373 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Northland Securities raised Toro from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Monday, February 24th. Robert W. Baird upped their target price on shares of Toro from $84.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday. DA Davidson reduced their price objective on shares of Toro from $86.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Wall Street Zen downgraded shares of Toro from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Toro Company Profile

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.