Toro (TTC) Releases Q2 Earnings Guidance

Toro (NYSE:TTC) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.17-1.22 for the period, compared to the Thomson Reuters consensus estimate of $1.18. Toro also updated its FY18 guidance to $2.67-2.73 EPS.

Toro (TTC) opened at $63.79 on Friday. The stock has a market capitalization of $6,686.76, a price-to-earnings ratio of 25.15, a P/E/G ratio of 2.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.57 and a quick ratio of 1.02. Toro has a 52 week low of $58.39 and a 52 week high of $73.86.

Toro (NYSE:TTC) last issued its earnings results on Thursday, February 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The company had revenue of $548.25 million during the quarter, compared to analyst estimates of $538.92 million. Toro had a return on equity of 44.59% and a net margin of 9.67%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. analysts forecast that Toro will post 2.62 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded Toro from a hold rating to a buy rating and set a $74.00 target price for the company in a research note 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 a consensus rating of Hold and an average target price of $69.00.

In other Toro news, VP Bradley A. Hamilton sold 2,000 shares of Toro stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $65.33, for a total transaction of $130,660.00. Following the completion of the transaction, the vice president now owns 3,851 shares in the company, valued at approximately $251,585.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy P. Dordell sold 46,000 shares of Toro stock in a transaction dated 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 approximately $1,600,545.75. The disclosure for this sale can be found here. Insiders sold a total of 73,000 shares of company stock valued at $4,814,630 in the last 90 days. 5.69% of the stock is currently owned by company insiders.

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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 and Estimates for Toro (NYSE:TTC)

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