Toro (TTC) Releases FY18 Earnings Guidance
Toro (NYSE:TTC) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.57-2.63 for the period, compared to the Thomson Reuters consensus estimate of $2.56. The company issued revenue guidance of $2.61 billion, compared to the consensus revenue estimate of $2.65 billion.Toro also updated its Q1 guidance to $0.42-0.44 EPS.
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Toro from a hold rating to a buy rating in a report on Thursday, August 10th. Dougherty & Co downgraded shares of Toro from a buy rating to a neutral rating in a report on Friday, August 25th. Finally, Seaport Global Securities downgraded shares of Toro from a buy rating to a neutral rating and set a $67.00 target price for the company. in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Toro presently has a consensus rating of Hold and a consensus price target of $63.75.
Toro (TTC) opened at $64.06 on Thursday. The company has a market cap of $7,048.04, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.56 and a beta of 0.62. The company has a quick ratio of 1.10, a current ratio of 1.74 and a debt-to-equity ratio of 0.47. Toro has a fifty-two week low of $54.09 and a fifty-two week high of $73.86.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. This is an increase from Toro’s previous quarterly dividend of $0.18. Toro’s dividend payout ratio is 29.54%.
In other news, Director Katherine J. Harless sold 6,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $61.88, for a total transaction of $371,280.00. Following the transaction, the director now owns 77,672 shares in the company, valued at $4,806,343.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 56,000 shares of company stock worth $375,780. Corporate insiders own 5.69% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Toro (TTC) Releases FY18 Earnings Guidance” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://theolympiareport.com/2017/12/07/toro-ttc-releases-fy18-earnings-guidance.html.
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.
Receive News & Ratings for Toro Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro Co and related companies with Analyst Ratings Network's FREE daily email newsletter.