Does Earnings Surprise History Hold Any Clue for Toro Stock Forecast, Price & News (NYSE:TTC)

Earnings results for Toro Stock Forecast, Price & News (NYSE:TTC)

Toro Company (The) is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.56. The reported EPS for the same quarter last year was $0.83.

Toro last released its earnings data on June 4th, 2020. The reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by $0.02. The firm earned $929.40 million during the quarter, compared to analysts’ expectations of $1.03 billion. Its revenue for the quarter was down 3.4% on a year-over-year basis. Toro has generated $3.00 earnings per share over the last year and currently has a price-to-earnings ratio of 31.7. Toro has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Toro Stock Forecast, Price & News (NYSE:TTC)

2 Wall Street analysts have issued ratings and price targets for Toro in the last 12 months. Their average twelve-month price target is $78.00, predicting that the stock has a possible downside of 0.34%. The high price target for TTC is $78.00 and the low price target for TTC is $78.00. There are currently 2 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Toro has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $78.00, Toro has a forecasted downside of 0.3% from its current price of $78.27. Toro has received no research coverage in the past 90 days.

Dividend Strength: Toro Stock Forecast, Price & News (NYSE:TTC)

Toro has a dividend yield of 1.29%, which is in the bottom 25% of all stocks that pay dividends. Toro has only been increasing its dividend for 1 years. The dividend payout ratio of Toro is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Toro will have a dividend payout ratio of 34.60% next year. This indicates that Toro will be able to sustain or increase its dividend.

Insiders buying/selling: Toro Stock Forecast, Price & News (NYSE:TTC)

In the past three months, Toro insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,561,884.00 in company stock. Only 1.77% of the stock of Toro is held by insiders. 81.77% of the stock of Toro is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Toro Stock Forecast, Price & News (NYSE:TTC

Earnings for Toro are expected to grow by 18.44% in the coming year, from $2.44 to $2.89 per share. The P/E ratio of Toro is 31.69, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.18. The P/E ratio of Toro is 31.69, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 64.08. Toro has a PEG Ratio of 3.09. PEG Ratios above 1 indicate that a company could be overvalued. Toro has a P/B Ratio of 9.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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