Toro (NYSE:TTC) Releases FY 2025 Earnings Guidance

Toro (NYSE:TTC) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.250-4.400 for the period, compared to the consensus earnings per share 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

Shares of TTC opened at $81.09 on Friday. Toro has a 12 month low of $77.15 and a 12 month high of $102.00. The stock has a fifty day moving average price of $84.18 and a 200-day moving average price of $88.02. 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 cap of $8.32 billion, a PE ratio of 21.28 and a beta of 0.70.

Toro (NYSE:TTC) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The firm 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 company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. Equities research analysts predict that Toro will post 4.16 earnings per share for the current fiscal year.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 23rd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. This is an increase from Toro’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, December 23rd. Toro’s dividend payout ratio is presently 39.90%.

Toro declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 10th that permits the company to repurchase 4,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Northland Securities reiterated a “market perform” rating and issued a $100.00 target price on shares of Toro in a research report on Friday, September 6th. StockNews.com upgraded 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 target on Toro from $102.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, DA Davidson decreased their price objective on Toro from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $93.33.

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.