Toro beats profit expectations and gives upbeat outlook, but sales come up short [MarketWatch]
Toro Company (The) (TTC)
Last toro company (the) earnings: 3/5 08:30 am
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thetorocompany.gcs-web.com/investor-overview
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Source: MarketWatch
Toro beats profit expectations and gives upbeat outlook, but sales come up short Toro Co. TTC, +4.24% reported a fiscal third-quarter profit that beat expectations but revenue that came up short, while providing an upbeat outlook for margins and earnings. Shares of the landscape maintenance and irrigation management company were still inactive in the premarket. Toro reported net income for the quarter to Aug. 2 that fell to $60.6 million, or 56 cents a share, from $79.0 million, or 73 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 83 cents, above the FactSet consensus of 73 cents. Sales, which includes results from the Charles Machine Works acquisition, rose 27.9% to $838.7 million, but missed the FactSet consensus of $876.3 million. Professional sales grew 40.3% to $676.8 million, below the FactSet consensus of $695.0 million, and residential sales fell 11.0% to $148.2 million to miss expectations of $165.6 million. Toro n
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News
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- The Toro Company (NYSE: TTC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- The Toro Company Declares Regular Quarterly Cash DividendBusiness Wire
- The Toro Company (NYSE: TTC) had its price target raised by analysts at DA Davidson from $93.00 to $95.00. They now have a "neutral" rating on the stock.MarketBeat
TTC
Earnings
- 3/7/24 - Miss
TTC
Sec Filings
- 3/22/24 - Form 8-K
- 3/22/24 - Form 4
- 3/18/24 - Form 4
- TTC's page on the SEC website