Toro (NYSE:TTC) Posts Earnings Results, Beats Expectations By $0.02 EPS

Toro (NYSE:TTC) announced its earnings results on Thursday. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02, Zacks reports. Toro had a return on equity of 27.25% and a net margin of 9.14%. Toro updated its FY 2025 guidance to 4.250-4.400 EPS.

Toro Stock Down 6.3 %

Shares of Toro stock traded down $4.95 during trading hours on Thursday, reaching $73.06. 581,278 shares of the company were exchanged, compared to its average volume of 892,129. The firm has a market cap of $7.35 billion, a PE ratio of 18.20 and a beta of 0.72. The stock’s fifty day moving average is $81.24 and its 200 day moving average is $83.76. Toro has a 1 year low of $72.68 and a 1 year high of $100.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81.

Toro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 23rd were paid a $0.38 dividend. This is a positive change from Toro’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, December 23rd. This represents a $1.52 annualized dividend and a dividend yield of 2.08%. Toro’s dividend payout ratio (DPR) is presently 37.91%.

Toro declared that its board has approved a stock buyback program on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

TTC has been the subject of several research reports. Northland Securities upgraded Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Monday, February 24th. Raymond James lowered their target price 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 upgraded shares of Toro from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toro presently has a consensus rating of “Moderate Buy” and a consensus 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.