Toro Co (NYSE:TTC) – Inventory analysts at Dougherty & Co issued their FY2021 earnings per share (EPS) estimates for Toro in a analysis report issued to shoppers and traders on Wednesday, January 1st, Zacks Funding Analysis reviews. Dougherty & Co analyst M. Shlisky expects that the corporate will publish earnings per share of $3.67 for the 12 months.
Toro (NYSE:TTC) final introduced its earnings outcomes on Wednesday, December 18th. The corporate reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Toro had a web margin of 8.73% and a return on fairness of 40.31%. The enterprise had income of $734.38 million through the quarter, in comparison with the consensus estimate of $745.03 million. Throughout the identical quarter final 12 months, the agency earned $0.32 earnings per share. The enterprise’s income for the quarter was up 36.2% on a year-over-year foundation.
TTC has been the subject of quite a lot of different analysis reviews. Robert W. Baird boosted their worth goal on Toro from $72.00 to $78.00 and gave the inventory a “impartial” score in a analysis word on Monday, December 16th. Zacks Funding Analysis raised shares of Toro from a “maintain” score to a “purchase” score and set a $90.00 worth goal for the corporate in a report on Friday, January 10th. 4 analysts have rated the inventory with a maintain score and one has issued a purchase score to the inventory. Toro presently has a consensus score of “Maintain” and a consensus worth goal of $80.00.
Shares of Toro inventory traded down $0.22 on Monday, hitting $82.57. 239,044 shares of the corporate traded palms, in comparison with its common quantity of 401,057. Toro has a 52 week low of $58.12 and a 52 week excessive of $84.26. The inventory has a market capitalization of $8.88 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of two.47 and a beta of 0.77. The corporate has a debt-to-equity ratio of 0.72, a fast ratio of 0.62 and a present ratio of 1.48. The enterprise has a 50-day easy transferring common of $80.54 and a 200 day easy transferring common of $75.11.
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, January ninth. Buyers of file on Thursday, December 26th have been issued a $0.25 dividend. It is a increase from Toro’s earlier quarterly dividend of $0.23. The ex-dividend date was Tuesday, December 24th. This represents a $1.00 annualized dividend and a yield of 1.21%. Toro’s dividend payout ratio (DPR) is 33.33%.
Numerous hedge funds and different institutional traders have not too long ago made modifications to their positions in TTC. Krane Funds Advisors LLC bought a brand new place in Toro through the 2nd quarter value roughly $25,000. Cerebellum GP LLC acquired a brand new stake in shares of Toro within the third quarter valued at roughly $31,000. Transamerica Monetary Advisors Inc. bought a brand new stake in shares of Toro through the 2nd quarter value $37,000. Nomura Asset Administration Co. Ltd. bought a brand new stake in Toro through the second quarter value about $37,000. Lastly, Assets Administration Corp CT ADV acquired a brand new stake in shares of Toro within the third quarter value roughly $74,000. 82.14% of the inventory is owned by institutional traders.
Toro Firm Profile
The Toro Firm designs, manufactures, and markets skilled and residential gear worldwide. The corporate’s Skilled section affords turf and panorama gear merchandise, together with sports activities fields and grounds upkeep gear, golf course mowing and upkeep gear, panorama contractor mowing gear, panorama creation and renovation gear, rental and specialty development gear, and different upkeep gear; and snow and ice administration gear, akin to snowplows, salt and sand spreaders, and associated components and equipment for mild and medium responsibility vans, utility job autos, skid steers, and front-end loaders.
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