Toro (NYSE:TTC) Updates FY 2025 Earnings Guidance

Toro (NYSE:TTC) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.250-4.400 for the period, compared to the consensus estimate of 4.320. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.6 billion.

Toro Price Performance

Shares of TTC traded down $4.46 during mid-day trading on Thursday, hitting $73.55. The company’s stock had a trading volume of 417,035 shares, compared to its average volume of 891,303. Toro has a fifty-two week low of $73.02 and a fifty-two week high of $100.93. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 18.30 and a beta of 0.72. The firm has a 50-day moving average price of $81.24 and a 200 day moving average price of $83.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Toro had a return on equity of 27.25% and a net margin of 9.14%. On average, research analysts predict that Toro will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 23rd were given a $0.38 dividend. This is an increase from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Monday, December 23rd. Toro’s dividend payout ratio (DPR) is 37.91%.

Toro announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 10th that permits the company to repurchase 4,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTC. Northland Securities upgraded shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Monday, February 24th. Raymond James lowered their price target on Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Finally, Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.75.

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.