Toro (NYSE:TTC) Updates FY25 Earnings Guidance

Toro (NYSE:TTC) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $4.25-4.40 for the period, compared to the consensus EPS 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.

Toro Trading Down 1.2 %

TTC opened at $85.31 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. Toro has a 52 week low of $77.15 and a 52 week 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 business has a 50 day moving average of $84.25 and a 200-day moving average of $88.12.

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

Toro Increases Dividend

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

Toro announced that its Board of Directors has approved a share repurchase program on Tuesday, December 10th that authorizes the company to repurchase 4,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTC. Northland Securities reiterated a “market perform” rating and set a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. DA Davidson dropped their target price on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Finally, Robert W. Baird reduced their price target on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $93.33.

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.