Equities analysts forecast that Toro Co (NYSE:TTC) will post $0.44 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Toro’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. Toro reported earnings per share of $0.41 during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The company is scheduled to announce its next earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Toro will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.61 to $2.63. For the next fiscal year, analysts forecast that the company will post earnings of $2.90 per share, with EPS estimates ranging from $2.86 to $2.95. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Toro.
Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The business 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 was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share.
Toro (NYSE TTC) traded up $0.79 during midday trading on Wednesday, hitting $63.07. 714,300 shares of the company’s stock were exchanged, compared to its average volume of 484,403. The company has a market capitalization of $6,760.72, a PE ratio of 26.17, a PEG ratio of 2.40 and a beta of 0.60. Toro has a 12-month low of $58.39 and a 12-month high of $73.86. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50.
In related news, VP David H. Alkire sold 23,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $65.83, for a total value of $1,514,090.00. Following the sale, the vice president now owns 14,769 shares of the company’s stock, valued at $972,243.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Bradley A. Hamilton sold 2,000 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $65.33, for a total transaction of $130,660.00. Following the completion of 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. In the last three months, insiders sold 73,000 shares of company stock worth $4,814,630. 5.32% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC bought a new stake in shares of Toro in the third quarter worth $172,000. Premia Global Advisors LLC bought a new stake in shares of Toro in the fourth quarter worth $180,000. Advisor Partners LLC bought a new stake in shares of Toro in the fourth quarter worth $214,000. Sciencast Management LP bought a new stake in Toro during the fourth quarter valued at $236,000. Finally, Lake Street Advisors Group LLC bought a new stake in Toro during the fourth quarter valued at $240,000. 74.52% of the stock is currently owned by institutional investors.
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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