Toro (NYSE:TTC) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.42-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.43. Toro also updated its FY18 guidance to $2.57-2.63 EPS.
Several research firms have recently commented on TTC. BidaskClub raised shares of Toro from a hold rating to a buy rating in a research report on Thursday, August 10th. Dougherty & Co cut shares of Toro from a buy rating to a neutral rating in a research report on Friday, August 25th. Finally, Seaport Global Securities cut shares of Toro from a buy rating to a neutral rating and set a $67.00 target price for the company. in a research report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Toro currently has a consensus rating of Hold and a consensus price target of $63.75.
Toro (NYSE TTC) opened at $64.06 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 1.10. The stock has a market cap of $7,048.04, a PE ratio of 27.59, a P/E/G ratio of 2.56 and a beta of 0.62. Toro has a 12 month low of $54.09 and a 12 month high of $73.86.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 22nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. This is a positive change from Toro’s previous quarterly dividend of $0.18. Toro’s dividend payout ratio (DPR) is presently 29.54%.
In related news, Director Katherine J. Harless sold 6,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $61.88, for a total value of $371,280.00. Following the completion of the transaction, the director now directly owns 77,672 shares in the company, valued at approximately $4,806,343.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 56,000 shares of company stock valued at $375,780. 5.69% of the stock is owned by company insiders.
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Toro Company Profile
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.
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