By otakuyassine3@gmail.com 
Toro (NYSE:TTC – Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.250-4.400 for the period, compared to the consensus estimate of 4.580. The company issued revenue guidance of $4.6 billion-$4.6 billion, compared to the consensus revenue estimate of $4.8 billion. Toro also updated its FY25 guidance to $4.25-4.40 EPS.
Toro Stock Performance
TTC stock opened at $85.31 on Wednesday. Toro has a twelve month low of $77.15 and a twelve month high of $102.00. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 22.39 and a beta of 0.70. The business’s fifty day simple moving average is $84.25 and its two-hundred day simple moving average is $88.12. The company has a quick ratio of 0.85, a current ratio of 1.94 and a debt-to-equity ratio of 0.59.
Toro (NYSE:TTC – Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS. Analysts predict that Toro will post 4.16 earnings per share for the current year.
Toro Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, December 23rd. This is a positive change from Toro’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.78%. Toro’s payout ratio is 39.90%.
Toro announced that its board has authorized a share buyback program on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Analysts Set New Price Targets
TTC has been the topic of a number of research reports. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Robert W. Baird cut their price objective on shares of Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. DA Davidson lowered their target price on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $100.00 target price on shares of Toro in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $93.33.
Read Our Latest Stock Report on TTC
Toro Company Profile
The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.
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