Equities analysts predict that Toro Co (NYSE:TTC) will report sales of $534.43 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Toro’s earnings. The lowest sales estimate is $530.00 million and the highest is $540.60 million. Toro reported sales of $515.84 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is scheduled to report its next earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Toro will report full year sales of $534.43 million for the current fiscal year, with estimates ranging from $2.63 billion to $2.64 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.77 billion per share, with estimates ranging from $2.75 billion to $2.80 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Toro.
Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $491.55 million. Toro had a net margin of 10.69% and a return on equity of 44.66%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share.
In other news, VP Timothy P. Dordell sold 46,000 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $66.07, for a total transaction of $3,039,220.00. Following the completion of the transaction, the vice president now directly owns 24,225 shares of the company’s stock, valued at approximately $1,600,545.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David H. Alkire sold 23,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $65.83, for a total transaction of $1,514,090.00. Following the transaction, the vice president now directly owns 14,769 shares of the company’s stock, valued at $972,243.27. The disclosure for this sale can be found here. Insiders have sold a total of 73,000 shares of company stock valued at $4,814,630 over the last three months. Insiders own 5.32% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC bought a new position in Toro in the 3rd quarter worth approximately $172,000. Premia Global Advisors LLC bought a new position in Toro in the 4th quarter valued at $180,000. Advisor Partners LLC bought a new position in Toro in the 4th quarter valued at $214,000. Sciencast Management LP bought a new position in Toro in the 4th quarter valued at $236,000. Finally, Advisory Services Network LLC boosted its holdings in Toro by 17.4% in the 2nd quarter. Advisory Services Network LLC now owns 3,556 shares of the company’s stock valued at $246,000 after purchasing an additional 527 shares during the period. 74.52% of the stock is owned by institutional investors.
Shares of Toro (NYSE:TTC) traded up $0.79 during trading hours on Friday, hitting $63.07. 714,300 shares of the stock traded hands, compared to its average volume of 484,403. The firm has a market capitalization of $6,760.72, a P/E ratio of 26.17, a PEG ratio of 2.40 and a beta of 0.60. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. Toro has a 52 week low of $58.39 and a 52 week high of $73.86.
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Toro Company Profile
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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