DA Davidson Comments on Toro’s FY2025 Earnings (NYSE:TTC)

The Toro Company (NYSE:TTC) – Research analysts at DA Davidson cut their FY2025 EPS estimates for Toro in a note issued to investors on Tuesday, March 11th. DA Davidson analyst M. Shlisky now anticipates that the company will earn $4.30 per share for the year, down from their prior forecast of $4.72. DA Davidson has a “Neutral” rating and a $80.00 price target on the stock. The consensus estimate for Toro’s current full-year earnings is $4.41 per share.

Toro (NYSE:TTC) last announced its earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.95. Toro had a net margin of 9.14% and a return on equity of 27.25%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.

TTC has been the topic of a number of other research reports. StockNews.com cut shares of Toro from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Raymond James cut their price target on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Northland Securities upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Monday, February 24th. Northland Capmk upgraded shares of Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Finally, Robert W. Baird cut their price target on shares of Toro from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Toro Price Performance

Shares of NYSE TTC opened at $73.19 on Thursday. Toro has a fifty-two week low of $71.75 and a fifty-two week high of $100.93. The company has a 50 day simple moving average of $80.37 and a two-hundred day simple moving average of $83.03. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 18.25 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Institutional Investors Weigh In On Toro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH purchased a new stake in Toro in the fourth quarter worth approximately $138,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Toro in the fourth quarter worth approximately $4,919,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Toro by 17.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,822 shares of the company’s stock worth $227,000 after acquiring an additional 422 shares during the last quarter. Liberty Square Wealth Partners LLC purchased a new position in shares of Toro during the 4th quarter worth $209,000. Finally, Toronto Dominion Bank boosted its stake in shares of Toro by 5.4% during the 4th quarter. Toronto Dominion Bank now owns 13,840 shares of the company’s stock worth $1,109,000 after acquiring an additional 711 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro declared that its Board of Directors has authorized a stock buyback program on Tuesday, December 10th that allows the company to buyback 4,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors 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.