DA Davidson Has Positive Estimate for Toro FY2025 Earnings

The Toro Company (NYSE:TTC) – Research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of Toro in a note issued to investors on Tuesday, December 24th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings of $4.72 per share for the year, up from their prior forecast of $4.56. DA Davidson currently has a “Neutral” rating and a $88.00 price objective on the stock. The consensus estimate for Toro’s current full-year earnings is $4.16 per share.

Toro (NYSE:TTC) last announced its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. Toro had a net margin of 8.89% and a return on equity of 25.94%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year.

Several other analysts have also issued reports on the company. StockNews.com raised Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Robert W. Baird cut their price objective on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Northland Securities restated a “market perform” rating and set a $100.00 target price on shares of Toro in a research note on Friday, September 6th. Finally, Raymond James dropped their price target on shares of Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $93.75.

Toro Trading Up 1.0 %

Shares of TTC stock opened at $81.65 on Friday. Toro has a 1 year low of $77.15 and a 1 year high of $100.93. The firm has a fifty day moving average price of $83.93 and a 200-day moving average price of $87.92. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 21.43 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 0.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTC. UMB Bank n.a. lifted its holdings in shares of Toro by 112.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock worth $55,000 after buying an additional 333 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Toro by 850.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock worth $74,000 after purchasing an additional 765 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Toro during the 2nd quarter valued at about $94,000. CWM LLC grew its position in shares of Toro by 15.5% during the third quarter. CWM LLC now owns 1,063 shares of the company’s stock valued at $92,000 after purchasing an additional 143 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Toro by 534.8% in the third quarter. Blue Trust Inc. now owns 1,333 shares of the company’s stock worth $125,000 after purchasing an additional 1,123 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

Toro Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 23rd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, December 23rd. This is an increase from Toro’s previous quarterly dividend of $0.36. Toro’s dividend payout ratio (DPR) is 37.91%.

Toro declared that its Board of Directors has approved a share repurchase plan on Tuesday, December 10th that permits the company to buyback 4,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically 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.