Toro (NASDAQ:TORO) Issues Earnings Results

Posted by Stanley Muller on Oct 9th, 2026

Toro (NASDAQ:TORO – Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.13) earnings per share for the quarter, FiscalAI reports. Toro had a return on equity of 2.49% and a net margin of 22.67%.The firm had revenue of $6.95 million during the quarter.

Toro Trading Down 12.1%

Shares of TORO opened at $4.82 on Friday. Toro has a 52 week low of $3.30 and a 52 week high of $8.50. The firm has a market cap of $103.44 million, a price-to-earnings ratio of 122.11 and a beta of 2.59. The stock has a 50 day moving average of $5.83 and a 200-day moving average of $5.26.

Hedge Funds Weigh In On Toro

Large investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. acquired a new position in Toro in the second quarter valued at approximately $203,000. United Capital Financial Advisors LLC bought a new stake in Toro in the 2nd quarter valued at about $205,000. Equitable Holdings Inc. bought a new stake in Toro during the second quarter worth approximately $213,000. Alpine Woods Capital Investors LLC bought a new position in Toro during the second quarter valued at about $235,000. Finally, Perigon Wealth Management LLC acquired a new stake in Toro during the second quarter valued at approximately $271,000. 1.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TORO. Weiss Ratings lowered Toro from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Wall Street Zen raised Toro to a “hold” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Get Our Latest Analysis on Toro

Toro Company Profile

(Get Free Report)

Toro Corp. was a maritime transportation company focused on the ownership and operation of ocean-going vessels. Its fleet was primarily composed of tanker vessels used to transport crude oil, refined petroleum products and other liquid cargoes in international shipping markets.

The company was incorporated in the Marshall Islands and operated from Cyprus, serving customers and charterers across global seaborne trade routes. Its business was exposed to tanker-market conditions, vessel utilization, charter rates and international demand for energy and other marine transportation services.

Toro was led by Chief Executive Officer Petros Panagiotidis, who is also associated with Castor Maritime.