Equities research analysts expect that Toro (NYSE:TTC) will announce earnings per share (EPS) of $1.21 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Toro’s earnings, with estimates ranging from $1.20 to $1.22. Toro posted earnings of $1.08 per share during the same quarter last year, which suggests a positive year over year growth rate of 12%. The firm is expected to announce its next earnings results on Thursday, May 24th.
According to Zacks, analysts expect that Toro will report full year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.47 to $2.73. For the next financial year, analysts expect that the business will report earnings of $3.05 per share, with EPS estimates ranging from $2.97 to $3.09. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Toro.
Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Toro had a net margin of 9.67% and a return on equity of 44.59%. The business had revenue of $548.25 million for the quarter, compared to analysts’ expectations of $538.92 million. During the same period 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.
Shares of TTC stock opened at $60.92 on Monday. Toro has a 52-week low of $58.39 and a 52-week high of $73.86. The company has a market capitalization of $6,530.25, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 2.29 and a beta of 0.64. The company has a current ratio of 1.57, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 18th. Shareholders of record on Wednesday, April 4th were paid a $0.20 dividend. The ex-dividend date was Tuesday, April 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.31%. Toro’s payout ratio is presently 33.20%.
In other Toro news, Director Katherine J. Harless sold 8,000 shares of the stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $61.09, for a total value of $488,720.00. Following the sale, the director now directly owns 69,523 shares in the company, valued at $4,247,160.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Richard W. Rodier sold 3,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $63.27, for a total transaction of $189,810.00. Following the completion of the sale, the vice president now owns 26,122 shares in the company, valued at $1,652,738.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,200 shares of company stock worth $1,465,864. Insiders own 5.32% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TTC. Public Employees Retirement System of Ohio raised its holdings in Toro by 64.1% in the third quarter. Public Employees Retirement System of Ohio now owns 83,536 shares of the company’s stock worth $5,184,000 after purchasing an additional 32,640 shares during the period. State of Alaska Department of Revenue acquired a new stake in Toro in the fourth quarter worth $508,000. GW&K Investment Management LLC raised its holdings in Toro by 0.4% in the fourth quarter. GW&K Investment Management LLC now owns 418,121 shares of the company’s stock worth $27,274,000 after purchasing an additional 1,807 shares during the period. First Quadrant L P CA raised its holdings in Toro by 10.7% in the fourth quarter. First Quadrant L P CA now owns 490,963 shares of the company’s stock worth $32,026,000 after purchasing an additional 47,550 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Toro by 399.2% in the fourth quarter. SG Americas Securities LLC now owns 32,038 shares of the company’s stock worth $2,090,000 after purchasing an additional 25,620 shares during the period. Institutional investors own 76.14% of the company’s stock.
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The Toro Company manufactures and markets turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, and residential yard and snow thrower products worldwide. Its Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; snowplows, salt and sand spreaders, and related parts and accessories; and sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products.
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