Toro (NYSE:TTC) Releases FY25 Earnings Guidance

Toro (NYSE:TTC) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.25-4.40 for the period, compared to the consensus earnings per share estimate of $4.58. The company issued revenue guidance of +0-1% to $4.58-4.63 billion, compared to the consensus revenue estimate of $4.78 billion. Toro also updated its FY 2025 guidance to 4.250-4.400 EPS.

Analysts Set New Price Targets

TTC has been the topic of a number of research reports. DA Davidson cut their target price on shares of Toro from $103.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. StockNews.com raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Monday, September 9th. Northland Securities reaffirmed a “market perform” rating and issued a $100.00 price objective on shares of Toro in a research note on Friday, September 6th. Finally, Robert W. Baird dropped their target price on shares of Toro from $102.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Toro presently has an average rating of “Hold” and a consensus target price of $93.33.

Toro Price Performance

Toro stock opened at $85.31 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $8.75 billion, a P/E ratio of 22.39 and a beta of 0.70. The business has a 50-day moving average of $84.25 and a 200-day moving average of $88.12. Toro has a 1 year low of $77.15 and a 1 year high of $102.00.

Toro (NYSE:TTC) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.95. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Toro had a net margin of 8.89% and a return on equity of 25.94%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. On average, equities analysts anticipate that Toro will post 4.16 EPS for the current year.

Toro Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 23rd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Toro’s previous quarterly dividend of $0.36. Toro’s dividend payout ratio (DPR) is presently 39.90%.

Toro declared that its board has initiated a share repurchase plan on Tuesday, December 10th that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

About Toro

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.