DA Davidson Has Negative Forecast for Toro FY2025 Earnings

The Toro Company (NYSE:TTC) – Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for Toro in a research note issued on Tuesday, March 11th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings per share of $4.30 for the year, down from their previous estimate of $4.72. DA Davidson currently has a “Neutral” rating and a $80.00 target price on the stock. The consensus estimate for Toro’s current full-year earnings is $4.41 per share.

Toro (NYSE:TTC) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Toro from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Northland Capmk raised Toro from a “hold” rating to a “strong-buy” rating in a report on Friday, February 21st. Northland Securities raised shares of Toro from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Monday, February 24th. Raymond James reduced their price target on shares of Toro from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, Robert W. Baird dropped their target price on Toro from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toro presently has an average rating of “Moderate Buy” and an average target price of $89.75.

Toro Trading Down 1.9 %

TTC opened at $71.87 on Thursday. The stock has a market capitalization of $7.17 billion, a P/E ratio of 17.92 and a beta of 0.70. Toro has a 12 month low of $71.75 and a 12 month high of $100.93. The firm’s fifty day simple moving average is $80.51 and its 200 day simple moving average is $83.15. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Institutional Trading of Toro

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its position in shares of Toro by 0.8% during the 4th quarter. Pacer Advisors Inc. now owns 15,298 shares of the company’s stock valued at $1,225,000 after purchasing an additional 120 shares during the last quarter. Lindenwold Advisors INC raised its stake in shares of Toro by 2.8% in the third quarter. Lindenwold Advisors INC now owns 4,612 shares of the company’s stock valued at $400,000 after buying an additional 125 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its holdings in Toro by 1.1% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,473 shares of the company’s stock valued at $923,000 after purchasing an additional 127 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Toro by 30.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company’s stock worth $43,000 after buying an additional 127 shares during the period. Finally, Northwest Financial Advisors raised its stake in shares of Toro by 2.0% during the 4th quarter. Northwest Financial Advisors now owns 6,945 shares of the company’s stock valued at $556,000 after purchasing an additional 139 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro declared that its board has authorized a stock repurchase program on Tuesday, December 10th that permits the company to repurchase 4,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.