DA Davidson Weighs in on Toro’s FY2025 Earnings (NYSE:TTC)

The Toro Company (NYSE:TTC) – Equities research analysts at DA Davidson raised their FY2025 EPS estimates for Toro in a research note issued on Tuesday, December 24th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings of $4.72 per share for the year, up from their previous forecast of $4.56. DA Davidson 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.

Toro (NYSE:TTC) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Toro had a return on equity of 25.94% and a net margin of 8.89%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.71 EPS. Toro’s revenue for the quarter was up 9.4% compared to the same quarter last year.

Several other equities analysts also recently issued reports on TTC. Robert W. Baird cut their price objective on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Raymond James decreased their price target on shares of Toro from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Northland Securities reissued a “market perform” rating and set a $100.00 price objective on shares of Toro in a report on Friday, September 6th. Finally, StockNews.com upgraded Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Toro has an average rating of “Hold” and an average target price of $93.75.

Toro Stock Down 0.8 %

Shares of TTC opened at $81.03 on Friday. The business’s 50 day moving average is $83.83 and its 200 day moving average 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 has a 12-month low of $77.15 and a 12-month high of $100.93. The company has a market capitalization of $8.20 billion, a PE ratio of 21.27 and a beta of 0.70.

Toro declared that its board has initiated a stock repurchase plan on Tuesday, December 10th that permits the company to repurchase 4,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Toro Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in shares of Toro by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 28,680 shares of the company’s stock valued at $2,682,000 after buying an additional 110 shares during the period. Lindenwold Advisors INC raised its position in Toro by 2.8% during the third quarter. Lindenwold Advisors INC now owns 4,612 shares of the company’s stock valued at $400,000 after acquiring an additional 125 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Toro by 1.4% in the second quarter. Toronto Dominion Bank now owns 10,060 shares of the company’s stock valued at $941,000 after acquiring an additional 136 shares during the period. CWM LLC boosted its position in Toro by 15.5% in the 3rd 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. Finally, Taylor Frigon Capital Management LLC grew its stake in shares of Toro by 1.0% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 15,201 shares of the company’s stock worth $1,318,000 after purchasing an additional 146 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.