Equities research analysts expect Toro Co (NYSE:TTC) to post earnings per share of $0.74 for the current quarter, according to Zacks. Three analysts have issued estimates for Toro’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.73. Toro posted earnings of $0.68 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, August 22nd.

According to Zacks, analysts expect that Toro will report full year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.92 to $2.95. For the next year, analysts expect that the business will post earnings of $3.33 per share, with EPS estimates ranging from $3.24 to $3.39. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Toro.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.04). The firm had revenue of $962.00 million for the quarter, compared to analysts’ expectations of $987.80 million. Toro had a return on equity of 40.99% and a net margin of 10.62%. Toro’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share.

TTC has been the topic of a number of research analyst reports. Sidoti set a $72.00 price target on shares of Toro and gave the stock a “hold” rating in a report on Tuesday, June 11th. Zacks Investment Research downgraded shares of Toro from a “hold” rating to a “sell” rating in a report on Friday, July 19th.

In related news, VP Amy E. Dahl sold 2,900 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $68.87, for a total value of $199,723.00. Following the transaction, the vice president now directly owns 14,779 shares of the company’s stock, valued at approximately $1,017,829.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.36% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC purchased a new stake in Toro during the second quarter valued at about $25,000. Trustcore Financial Services LLC bought a new stake in shares of Toro during the first quarter valued at about $34,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Toro during the second quarter valued at about $37,000. Quadrant Capital Group LLC increased its position in shares of Toro by 2,058.8% during the first quarter. Quadrant Capital Group LLC now owns 734 shares of the company’s stock valued at $49,000 after buying an additional 700 shares during the period. Finally, Private Capital Group LLC increased its position in shares of Toro by 18.3% during the first quarter. Private Capital Group LLC now owns 1,106 shares of the company’s stock valued at $76,000 after buying an additional 171 shares during the period. 81.98% of the stock is currently owned by institutional investors and hedge funds.

TTC traded down $0.59 during mid-day trading on Thursday, reaching $70.54. 474,900 shares of the stock were exchanged, compared to its average volume of 443,054. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.51 and a quick ratio of 0.78. The stock has a market capitalization of $7.57 billion, a PE ratio of 26.42 and a beta of 0.80. The business has a 50 day moving average of $69.91. Toro has a 1 year low of $52.97 and a 1 year high of $75.13.

Toro Company Profile

The Toro Company designs, manufactures, and markets professional and residential equipment worldwide. The company's Professional segment offers turf and landscape equipment products, including sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and specialty construction equipment, and other maintenance equipment; and snow and ice management equipment, such as snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.

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Earnings History and Estimates for Toro (NYSE:TTC)

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