Toro (TTC) Set to Announce Earnings on Thursday

Toro (NYSE:TTC) is scheduled to be posting 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 issued its quarterly earnings results on Thursday, December 7th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Toro had a net margin of 10.69% and a return on equity of 44.66%. The business had revenue of $488.60 million for the quarter, compared to the consensus estimate of $491.55 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect Toro to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Toro (NYSE TTC) opened at $61.73 on Wednesday. Toro has a 1-year low of $58.39 and a 1-year 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. The company has a market cap of $6,760.72, a price-to-earnings ratio of 25.61, a PEG ratio of 2.40 and a beta of 0.60.

In other news, VP Timothy P. Dordell sold 46,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $66.07, for a total value of $3,039,220.00. Following the transaction, the vice president now owns 24,225 shares of the company’s stock, valued at $1,600,545.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David H. Alkire sold 23,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $65.83, for a total transaction of $1,514,090.00. Following the completion of the transaction, the vice president now directly owns 14,769 shares in the company, valued at approximately $972,243.27. The disclosure for this sale can be found here. Insiders sold 73,000 shares of company stock worth $4,814,630 in the last three months. Insiders own 5.32% of the company’s stock.

Separately, Zacks Investment Research raised shares of Toro from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $69.00.

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About Toro

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.

Earnings History for Toro (NYSE:TTC)

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