Toro (NYSE:TTC) Updates FY25 Earnings Guidance

Toro (NYSE:TTC) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.25-4.40 for the period, compared to the consensus estimate of $4.58. The company issued revenue guidance of +0-1% to $4.58-4.63 billion, compared to the consensus revenue estimate of $4.78 billion. Toro also updated its FY 2025 guidance to 4.250-4.400 EPS.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. DA Davidson reduced their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Northland Securities restated a “market perform” rating and issued a $100.00 target price on shares of Toro in a research note on Friday, September 6th. Robert W. Baird decreased their price target on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.33.

Toro Stock Performance

TTC opened at $85.31 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94. The business’s 50-day simple moving average is $84.25 and its 200 day simple moving average is $88.12. The firm has a market capitalization of $8.75 billion, a PE ratio of 22.39 and a beta of 0.70. Toro has a 52-week low of $77.15 and a 52-week high of $102.00.

Toro (NYSE:TTC) last issued its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, sell-side analysts expect that Toro will post 4.16 earnings per share for the current fiscal 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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.52 dividend on an annualized basis and a yield of 1.78%. This is a boost from Toro’s previous quarterly dividend of $0.36. Toro’s dividend payout ratio (DPR) is presently 39.90%.

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