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

Toro (NYSE:TTC) released its quarterly earnings results on Wednesday. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02, reports. Toro had a net margin of 8.73% and a return on equity of 40.31%. The business had revenue of $734.38 million for the quarter, compared to analysts’ expectations of $745.03 million. During the same period in the previous year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 36.2% compared to the same quarter last year.

TTC opened at $79.13 on Friday. The firm has a market cap of $8.16 billion, a P/E ratio of 25.59, a PEG ratio of 2.28 and a beta of 0.78. The firm has a 50-day moving average of $78.08 and a 200 day moving average of $72.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 1.48. Toro has a fifty-two week low of $52.97 and a fifty-two week high of $81.81.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from Toro’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, December 24th. Toro’s payout ratio is presently 30.00%.

TTC has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of Toro from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Dougherty & Co started coverage on Toro in a report on Wednesday, August 28th. They issued a “neutral” rating for the company. Zacks Investment Research lowered Toro from a “hold” rating to a “sell” rating in a report on Friday. Finally, ValuEngine lowered Toro from a “buy” rating to a “hold” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $76.33.

Toro Company Profile

The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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Earnings History for Toro (NYSE:TTC)

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