Toro (NYSE:TTC) Updates FY 2025 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.250-4.400 for the period, compared to the consensus estimate of 4.580. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.8 billion. Toro also updated its FY25 guidance to $4.25-4.40 EPS.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TTC. Robert W. Baird dropped their price target on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Northland Securities reaffirmed a “market perform” rating and set a $100.00 price target on shares of Toro in a research note on Friday, September 6th. Finally, DA Davidson lowered their price objective on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.33.

Toro Stock Down 1.2 %

TTC opened at $85.31 on Wednesday. The stock’s fifty day simple moving average is $84.25 and its 200 day simple moving average is $88.12. Toro has a 1-year low of $77.15 and a 1-year high of $102.00. The stock has a market cap of $8.75 billion, a PE ratio of 22.39 and a beta of 0.70. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

Toro (NYSE:TTC) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, meeting analysts’ consensus estimates of $0.95. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. Toro’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. As a group, research analysts expect that Toro will post 4.16 earnings per share for the current year.

Toro Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 23rd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.78%. This is a positive change from Toro’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, December 23rd. Toro’s dividend payout ratio (DPR) is currently 39.90%.

Toro announced that its board has authorized a share repurchase plan on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.