Toro (NYSE:TTC) will post its quarterly earnings results before the market opens on Thursday, February 22nd. Analysts expect Toro to post earnings of $0.44 per share for the quarter. Toro has set its Q1 guidance at $0.42-0.44 EPS and its FY18 guidance at $2.57-2.63 EPS.
Toro (NYSE:TTC) last released its earnings results on Thursday, December 7th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The company had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $491.55 million. Toro had a return on equity of 44.66% and a net margin of 10.69%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. On average, analysts expect Toro to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Toro (TTC) opened at $63.07 on Tuesday. The company has a market capitalization of $6,760.72, a price-to-earnings ratio of 26.17, a PEG ratio of 2.40 and a beta of 0.60. Toro has a 52 week low of $58.39 and a 52 week high of $73.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.02.
Separately, Zacks Investment Research raised Toro from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $69.00.
In other news, VP Timothy P. Dordell sold 46,000 shares of Toro stock in a transaction on Friday, January 5th. The stock was sold at an average price of $66.07, for a total value of $3,039,220.00. Following the completion of the sale, the vice president now directly owns 24,225 shares of the company’s stock, valued at approximately $1,600,545.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David H. Alkire sold 23,000 shares of Toro 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 completion of the sale, the vice president now directly owns 14,769 shares of the company’s stock, valued at $972,243.27. The disclosure for this sale can be found here. Insiders sold a total of 73,000 shares of company stock valued at $4,814,630 over the last three months. Insiders own 5.32% of the company’s stock.
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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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