Equities research analysts predict that Toro Co (NYSE:TTC) will report sales of $917.00 million for the current quarter, according to Zacks. Three analysts have made estimates for Toro’s earnings, with the highest sales estimate coming in at $921.20 million and the lowest estimate coming in at $909.00 million. Toro reported sales of $872.77 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The firm is expected to announce its next earnings report on Thursday, May 24th.
On average, analysts expect that Toro will report full year sales of $917.00 million for the current year, with estimates ranging from $2.63 billion to $2.65 billion. For the next financial year, analysts expect that the business will post sales of $2.78 billion per share, with estimates ranging from $2.76 billion to $2.79 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Toro.
Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Toro had a return on equity of 44.59% and a net margin of 9.67%. The company had revenue of $548.25 million for the quarter, compared to analysts’ expectations of $538.92 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Toro’s revenue was up 6.3% compared to the same quarter last year.
Toro (NYSE:TTC) opened at $61.30 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.57 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $6,570.99, a P/E ratio of 27.74, a P/E/G ratio of 2.30 and a beta of 0.62. Toro has a 52 week low of $58.39 and a 52 week high of $73.86.
In other Toro news, VP David H. Alkire sold 23,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $65.83, for a total transaction of $1,514,090.00. Following the sale, the vice president now owns 14,769 shares of the company’s stock, valued at approximately $972,243.27. The sale was disclosed in a legal filing 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 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 sale, the vice president now directly owns 3,851 shares in the company, valued at approximately $251,585.83. The disclosure for this sale can be found here. Insiders have sold a total of 85,200 shares of company stock worth $5,601,964 in the last ninety days. Insiders own 5.69% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TTC. Canada Pension Plan Investment Board bought a new stake in Toro during the 3rd quarter valued at $10,811,000. Wedge Capital Management L L P NC boosted its position in Toro by 24.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 10,412 shares of the company’s stock valued at $646,000 after acquiring an additional 2,071 shares in the last quarter. Sei Investments Co. boosted its position in Toro by 40.5% during the 3rd quarter. Sei Investments Co. now owns 35,507 shares of the company’s stock valued at $2,204,000 after acquiring an additional 10,240 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Toro by 47.0% in the 3rd quarter. Retirement Systems of Alabama now owns 203,894 shares of the company’s stock worth $12,654,000 after purchasing an additional 65,203 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Toro by 1.1% in the 3rd quarter. New York State Common Retirement Fund now owns 363,522 shares of the company’s stock worth $22,560,000 after purchasing an additional 3,862 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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