Toro (NYSE:TTC) issued its quarterly earnings data on Thursday. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02, Bloomberg Earnings reports. The firm had revenue of $488.60 million for the quarter, compared to analysts’ expectations of $491.55 million. Toro had a net margin of 10.63% and a return on equity of 45.32%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Toro updated its Q1 guidance to $0.42-0.44 EPS and its FY18 guidance to $2.57-2.63 EPS.
Shares of Toro (NYSE TTC) opened at $65.50 on Friday. Toro has a 52 week low of $54.75 and a 52 week high of $73.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.10 and a current ratio of 1.74. The company has a market cap of $7,048.04, a P/E ratio of 27.59, a PEG ratio of 2.56 and a beta of 0.62.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.20 per share. This is a boost from Toro’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, December 21st. Toro’s dividend payout ratio is 29.54%.
TTC has been the topic of several research analyst reports. BidaskClub raised shares of Toro from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Seaport Global Securities cut shares of Toro from a “buy” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a research note on Friday, August 25th. Finally, Dougherty & Co cut shares of Toro from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $63.75.
In other news, Director Katherine J. Harless sold 6,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $61.88, for a total transaction of $371,280.00. Following the sale, the director now directly owns 77,672 shares of the company’s stock, valued at $4,806,343.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 56,000 shares of company stock worth $375,780 over the last three months. 5.69% of the stock is owned by insiders.
COPYRIGHT VIOLATION WARNING: “Toro (TTC) Issues Quarterly Earnings Results” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/12/08/toro-ttc-issues-quarterly-earnings-results.html.
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.
Receive News & Ratings for Toro Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro Co and related companies with MarketBeat.com's FREE daily email newsletter.