Toro (TTC) Issues Q2 Earnings Guidance

Toro (NYSE:TTC) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $1.17-1.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18. Toro also updated its FY18 guidance to $2.67-2.73 EPS.

Separately, Zacks Investment Research downgraded Toro from a buy rating to a hold rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $69.00.

Shares of Toro (NYSE:TTC) traded up $0.42 during mid-day trading on Friday, reaching $62.80. The company’s stock had a trading volume of 121,917 shares, compared to its average volume of 494,755. Toro has a one year low of $58.39 and a one year high of $73.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market capitalization of $6,676.04, a P/E ratio of 26.15, a PEG ratio of 2.37 and a beta of 0.60.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Toro had a return on equity of 44.66% and a net margin of 10.69%. The company had revenue of $548.25 million for the quarter, compared to the consensus estimate of $538.92 million. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts expect that Toro will post 2.62 earnings per share for the current fiscal year.

In other news, VP David H. Alkire sold 23,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $65.83, for a total value of $1,514,090.00. Following the completion of the sale, the vice president now directly owns 14,769 shares of the company’s stock, valued at $972,243.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bradley A. Hamilton sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $65.33, for a total value of $130,660.00. Following the completion of the sale, the vice president now directly owns 3,851 shares of the company’s stock, valued at $251,585.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,000 shares of company stock worth $4,814,630. Corporate insiders own 5.69% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://weekherald.com/2018/02/23/toro-ttc-issues-q2-earnings-guidance.html.

About Toro

The Toro Company (Toro) is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products.

Earnings History and Estimates for Toro (NYSE:TTC)

Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply