Toro (NYSE:TTC) Releases FY 2026 Earnings Guidance

by · The Cerbat Gem

Toro (NYSE:TTC – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.350-4.50 for the period, compared to the consensus earnings per share estimate of 4.650. The company issued revenue guidance of -, compared to the consensus revenue estimate of $4.6 billion.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TTC shares. DA Davidson lifted their price objective on Toro from $93.00 to $97.00 and gave the company a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Northland Securities upped their price objective on shares of Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 9th. Longbow Research upgraded shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, August 25th. Finally, Robert W. Baird set a $84.00 target price on shares of Toro in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $92.20.

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Toro Stock Performance

Toro stock opened at $72.63 on Wednesday. The business has a 50 day moving average of $72.60 and a 200-day moving average of $74.41. The company has a market capitalization of $7.11 billion, a P/E ratio of 22.01 and a beta of 0.84. Toro has a 1 year low of $62.34 and a 1 year high of $87.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79.

Toro (NYSE:TTC – Get Free Report) last posted its earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Toro had a net margin of 7.37% and a return on equity of 28.98%. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue was down .9% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, equities research analysts predict that Toro will post 4.41 earnings per share for the current year.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 22nd will be paid a $0.39 dividend. This is an increase from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Toro’s payout ratio is presently 46.06%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in shares of Toro in the 3rd quarter worth approximately $46,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Toro during the third quarter worth $119,000. Caxton Associates LLP bought a new position in Toro during the first quarter worth $285,000. Integrated Wealth Concepts LLC lifted its holdings in Toro by 10.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after buying an additional 586 shares during the period. Finally, Focus Partners Wealth lifted its holdings in Toro by 191.5% in the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after buying an additional 4,984 shares during the period. Institutional investors own 87.95% of the company’s stock.

Toro Company Profile

(Get Free Report)

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.

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