Profile
Sector:
IndustrialsIndustry:
Tools & AccessoriesCountry:
United StatesIPO:
17 March 1980Website:
http://www.thetorocompany.comNext earnings report:
20 December 2024Last dividends:
30 September 2024Next dividends:
N/APrice
pre-market | 74 min agoAnalysts recommendations
Institutional Ownership
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TTC Latest News
Toro (TTC) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.98 per share a year ago.
The Toro Company (TTC) Q4 2023 Earnings Call Transcript
Toro's sales and profits are down, but not as much as expected. The company expects modest growth in the upcoming fiscal year, in part due to the launch of an important partnership.
Toro (TTC) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.11 per share a year ago.
Toro likes to lean on acquisitions to find new sales growth. The company's high return on invested capital shows these purchases have been effective.
The Toro Company's shares have experienced volatility, with a recent drop to $87, presenting a potential buying opportunity. The company's performance in the third quarter was weaker, leading to a cut in full-year earnings guidance and concerns about the residential segment and electrification efforts. Having some doubts on the quality of the business, I am waiting for a bit more enticing entry point.
The lawn care specialist's third-quarter results didn't impress many investors. Revenue was down, and it posted its first net loss in over 10 years.
The Toro Company (NYSE:TTC ) Q3 2023 Earnings Conference Call September 7, 2023 11:00 AM ET Company Participants Julie Kerekes - Treasurer and Senior Managing Director of Global Tax and Investor Relations Rick Olson - Chairman and Chief Executive Officer Angie Drake - Vice President and Chief Financial Officer Jeremy Steffan - Director of Investor Relations Conference Call Participants Michael Shlisky - D.A. Davidson & Company Tim Wojs - Baird Eric Bosshard - Cleveland Research Company Tom Hayes - C.L.
Toro's revenue fell in the most recent quarter due to low demand in its consumer segment. The company was forced to take an impairment charge on a recent acquisition, robbing it of net income this quarter.
Toro (TTC) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.19 per share a year ago.
What type of business is Toro?
Toro Company is one of the leading global companies that designs, manufactures, and sells a wide range of equipment - lawn mowers, snow removal machines, irrigation systems for commercial and residential gardens, public parks, golf courses, sports fields, and agricultural fields. Toro was founded in 1914. The company's headquarters is located in Bloomington, Minnesota. The professional segment consists of lawn and landscape equipment, specialty and underground construction equipment, snow and ice removal equipment, and irrigation products. The residential segment consists of lawn mowers, riding mowers, snow blowers, spare parts, and home products, including trimmers, leaf blowers, and vacuum cleaners. Other company activities are classified as "Other" due to their insignificance.
What sector is Toro in?
Toro is in the Industrials sector
What industry is Toro in?
Toro is in the Tools & Accessories industry
What country is Toro from?
Toro is headquartered in United States
When did Toro go public?
Toro initial public offering (IPO) was on 17 March 1980
What is Toro website?
https://www.thetorocompany.com
Is Toro in the S&P 500?
No, Toro is not included in the S&P 500 index
Is Toro in the NASDAQ 100?
No, Toro is not included in the NASDAQ 100 index
Is Toro in the Dow Jones?
No, Toro is not included in the Dow Jones index
When was Toro the previous earnings report?
No data
When does Toro earnings report?
The next expected earnings date for Toro is 20 December 2024