Toro Co. (NYSE: TTC) closed the day trading at $88.54 down -5.54% from the previous closing price of $93.73. In other words, the price has decreased by -$5.19 from its previous closing price. On the day, 1657739 shares were traded. TTC stock price reached its highest trading level at $94.82 during the session, while it also had its lowest trading level at $86.82.
Ratios:
For a better understanding of TTC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 47.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.47. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.76.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on December 05, 2023, Downgraded its rating to Neutral and sets its target price to $87 from $110 previously.
On June 22, 2023, DA Davidson started tracking the stock assigning a Buy rating and target price of $117.
On May 19, 2023, CL King started tracking the stock assigning a Buy rating and target price of $133.CL King initiated its Buy rating on May 19, 2023, with a $133 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 29 ’23 when JANEY GREGORY S sold 3,260 shares for $95.82 per share. The transaction valued at 312,367 led to the insider holds 1,597 shares of the business.
COOPER JANET KATHERINE sold 1,660 shares of TTC for $165,170 on Dec 26 ’23. The Director now owns 0 shares after completing the transaction at $99.50 per share. On Dec 22 ’23, another insider, Svendsen Kurt D, who serves as the VP, Technology of the company, sold 4,800 shares for $98.27 each. As a result, the insider received 471,706 and left with 10,752 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTC now has a Market Capitalization of 9.24B and an Enterprise Value of 10.36B. As of this moment, Toro’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.33, and their Forward P/E ratio for the next fiscal year is 18.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 6.09. Its current Enterprise Value per Revenue stands at 2.28 whereas that against EBITDA is 17.91.
Stock Price History:
Over the past 52 weeks, TTC has reached a high of $117.17, while it has fallen to a 52-week low of $78.35. The 50-Day Moving Average of the stock is 93.62, while the 200-Day Moving Average is calculated to be 92.82.
Shares Statistics:
Over the past 3-months, TTC traded about 823.45K shares per day on average, while over the past 10 days, TTC traded about 720.23k shares per day. A total of 103.84M shares are outstanding, with a floating share count of 103.44M. Insiders hold about 0.42% of the company’s shares, while institutions hold 90.08% stake in the company. Shares short for TTC as of Feb 15, 2024 were 3.93M with a Short Ratio of 4.77, compared to 2.99M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.76% and a Short% of Float of 4.70%.
Dividends & Splits
TTC’s forward annual dividend rate is 1.38, up from 1.38 a year ago. Against a Trailing Annual Dividend Yield of 1.47%, it implies a Forward Annual Dividend Yield of 1.54%. The stock’s 5-year Average Dividend Yield is 1.23. The current Payout Ratio is 43.44% for TTC, which recently paid a dividend on Jan 11, 2024 with an ex-dividend date of Dec 26, 2023. Stock splits for the company last occurred on Sep 19, 2016 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of $0.66 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.6, while EPS last year was $0.98. The consensus estimate for the next quarter is $1.55, with high estimates of $1.64 and low estimates of $1.42.
Analysts are recommending an EPS of between $4.35 and $4.2 for the fiscal current year, implying an average EPS of $4.29. EPS for the following year is $4.69, with 7 analysts recommending between $4.9 and $4.45.
Revenue Estimates
A total of 6 analysts have provided revenue estimates for TTC’s current fiscal year. The highest revenue estimate was $4.75B, while the lowest revenue estimate was $4.64B, resulting in an average revenue estimate of $4.68B. In the same quarter a year ago, actual revenue was $4.55B, up 2.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $4.88B in the next fiscal year. The high estimate is $4.96B and the low estimate is $4.8B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.
