What is DA Davidson’s Forecast for Toro FY2025 Earnings?

The Toro Company (NYSE:TTC) – Research analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Toro in a research report issued to clients and investors on Tuesday, December 24th. DA Davidson analyst M. Shlisky now anticipates that the company will earn $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.

Other analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Monday, September 9th. Northland Securities reaffirmed a “market perform” rating and issued a $100.00 price target on shares of Toro in a report on Friday, September 6th. Raymond James lowered their price objective on Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird cut their target price on Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.75.

Toro Stock Performance

NYSE:TTC opened at $81.03 on Friday. The company has a market cap of $8.20 billion, a P/E ratio of 21.27 and a beta of 0.70. Toro has a twelve month low of $77.15 and a twelve month high of $100.93. The company’s 50-day moving average price is $83.83 and its 200-day moving average price is $87.77. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

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

Institutional Investors Weigh In On Toro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in shares of Toro by 112.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the company’s stock valued at $55,000 after acquiring an additional 333 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Toro by 850.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 855 shares of the company’s stock valued at $74,000 after purchasing an additional 765 shares during the period. CWM LLC lifted its stake in Toro by 15.5% during the third quarter. CWM LLC now owns 1,063 shares of the company’s stock worth $92,000 after purchasing an additional 143 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Toro during the second quarter worth $94,000. Finally, Blue Trust Inc. boosted its position in shares of Toro by 534.8% during the third quarter. Blue Trust Inc. now owns 1,333 shares of the company’s stock worth $125,000 after buying an additional 1,123 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

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

Toro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 23rd will be issued a $0.38 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This is a boost from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. Toro’s dividend payout ratio is currently 37.91%.

About Toro

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.