Toro Company (NYSE:TTC) provided an updated forecast for its fiscal year 2026 earnings on Wednesday, revealing earnings per share (EPS) guidance between $4.35 and $4.50. This estimate falls short of the consensus EPS forecast of $4.65. Additionally, Toro’s revenue guidance remains undisclosed, contrasting with the market’s expectations of approximately $4.6 billion.
In trading on Friday, Toro’s stock opened at $78.24. The company reported a quick ratio of 0.79, a current ratio of 1.87, and a debt-to-equity ratio of 0.63. With a market capitalization of $7.66 billion and a price-to-earnings (P/E) ratio of 24.68, Toro’s stock has seen fluctuations, with a 12-month low of $62.34 and a high of $87.46. The average price over the last fifty days stands at $72.74, while the two-hundred-day moving average is $74.47.
Toro last released its quarterly earnings results on December 17, 2023, where it reported an EPS of $0.91, which exceeded analyst expectations of $0.86 by $0.05. The company achieved a net margin of 7.01% and a return on equity of 28.90%. Total revenue for the quarter reached $1.07 billion, surpassing the consensus estimate of $1.05 billion. Compared to the same quarter last year, revenue saw a decline of 0.9%.
The revised FY 2026 EPS guidance indicates that Toro anticipates earnings of around $4.41 per share for the current fiscal year, according to equity analysts.
Analyst Ratings and Market Sentiment
Recent evaluations by several research analysts reflect a range of sentiments regarding Toro’s stock. DA Davidson raised its price target from $93.00 to $97.00 while maintaining a “buy” rating. Weiss Ratings has reissued a “hold (C-)” rating. Longbow Research upgraded Toro from a “neutral” to a “buy” rating with a target price of $100.00, while Northland Securities raised its target price from $80.00 to $90.00 with a “market perform” rating. Robert W. Baird set its target price at $84.00. Currently, three analysts have assigned a “buy” rating to the stock, while four have issued “hold” ratings, leading to an average rating of “hold” with a target price of $92.20 according to MarketBeat.com.
Institutional Trading Activity
Institutional investors have been active in trading Toro’s shares. Integrated Wealth Concepts LLC increased its stake by 10.6% in the first quarter, acquiring 6,136 shares valued at $446,000. Danske Bank A S entered a new stake during the third quarter, valued at $46,000, while Harvest Fund Management Co. Ltd purchased a stake worth $119,000 in the same period. Empowered Funds LLC also raised its holdings in Toro by 9.8% in the first quarter, owning 38,840 shares valued at $2.826 million. In total, institutional investors and hedge funds control approximately 87.95% of Toro’s stock.
Toro Company is recognized for designing, manufacturing, and marketing professional turf maintenance equipment and services. Its operations are divided into two segments: Professional and Residential. The Professional segment includes a variety of equipment for landscaping, sports fields, and snow management, showcasing the company’s diverse portfolio.
Investors and market watchers will continue to closely monitor Toro’s performance as it navigates the upcoming fiscal year and responds to evolving market conditions.
