Toro (NYSE:TTC) Issues FY25 Earnings Guidance

Toro (NYSE:TTC) issued an update on its FY25 earnings guidance on Wednesday morning. 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 0.4 %

NYSE TTC opened at $81.09 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.94. Toro has a one year low of $77.15 and a one year high of $102.00. The company has a 50-day simple moving average of $84.18 and a 200-day simple moving average of $88.02. The firm has a market capitalization of $8.32 billion, a PE ratio of 21.28 and a beta of 0.70.

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

Toro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 23rd will be paid a $0.38 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. This is a positive change from Toro’s previous quarterly dividend of $0.36. Toro’s dividend payout ratio (DPR) is presently 37.91%.

Toro declared that its Board of Directors has initiated a share repurchase program on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. DA Davidson cut their target price on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Robert W. Baird lowered their target price on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Finally, Northland Securities reissued a “market perform” rating and set a $100.00 target price on shares of Toro in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.