Toro (NYSE:TTC – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.02, FiscalAI reports. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS.
Toro Stock Performance
Shares of NYSE:TTC opened at $99.26 on Thursday. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $96.36 and a 200-day moving average price of $95.04. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 28.60 and a beta of 0.70. Toro has a 12 month low of $67.64 and a 12 month high of $105.18.
Insider Activity
In other news, Director Gary Lee Ellis sold 4,951 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total value of $455,046.41. Following the sale, the director directly owned 35,297 shares of the company’s stock, valued at $3,244,147.27. The trade was a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Edric C. Funk sold 856 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $83,862.32. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,934 shares of company stock worth $1,204,933 in the last quarter. 1.88% of the stock is owned by company insiders.
Institutional Trading of Toro
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Robert W. Baird lowered their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.33.
Check Out Our Latest Report on TTC
About Toro
The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.
Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.
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