Toro (NYSE:TTC) Stock

Toro

The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

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Toro reported lower-than-expected Q4 sales and earnings. Residential segment sales rose 4.5% but reported a loss. Professional segment sales rose 10.3% and earnings rose 36.3%. Adjusted gross margin and operating margin decreased. Company expects 0%-1% sales growth and adjusted EPS of $4.25-$4.40. 

Toro Misses The Mark: Q4 Earnings Disappoint Amid 15 Years Of Sales Growth

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Toro Co shares down after reporting Q3 results with sales increase of 6.9% but missing consensus, adjusted gross margin and operating margin up, adjusted EPS misses and lower FY24 outlook due to caution from homeowners and lawn care dealers.

Why Is Outdoor Equipment Products Provider Toro Stock Plunging Today?

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Hammerhead Trenchless, A Division Of The Toro Company Announces That It Has Acquired The Assets Of ProKASRO Services USA; Terms  Not Disclosed.

Raymond James analyst Sam Darkatsh maintains Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Outperform and lowers the price target from $100 to $95.

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Raymond James Maintains Outperform on Toro, Lowers Price Target to $95

<h3>Gainers</h3>
<ul>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) stock moved upwards by 83.1% to $2.38 during Wednesday's pre-market session. The market value of their outstanding shares is at $71.3 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock moved upwards by 32.81% to $0.3. The market value of their outstanding shares is at $4.8 million. </li>
<li>Richtech Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares rose 21.91% to $1.5. The market value of their outstanding shares is at $142.1 million. </li>
<li>Ming Shing Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSW#NASDAQ">MSW</a>) shares moved upwards by 17.68% to $5.79. The market value of their outstanding shares is at $75.1 million. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares rose 13.07% to $1.9. The company's market cap stands at $14.4 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock increased by 12.58% to $0.72. The market value of their outstanding shares is at $16.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Silynxcom (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#AMEX">SYNX</a>) stock declined by 16.6% to $3.31 during Wednesday's pre-market session. The market value of their outstanding shares is at $17.4 million. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) stock decreased by 11.79% to $4.94. The market value of their outstanding shares is at $42.9 million. </li>
<li>HUHUTECH International Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUHU#NASDAQ">HUHU</a>) stock declined by 10.63% to $4.22. The market value of their outstanding shares is at $89.2 million. </li>
<li>Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) stock fell 9.49% to $77.22. The market value of their outstanding shares is at $8.0 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares decreased by 9.17% to $1.09. The market value of their outstanding shares is at $45.0 million. </li>
<li>ABM Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) stock declined by 8.58% to $50.2. The market value of their outstanding shares is at $3.1 billion. The company's, Q4 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's Pre-Market Session

The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) shares are trading lower after the company reported worse-than-expected <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42552304/the-toro-company-reports-fourth-quarter-and-full-year-fiscal-2024-financial-results" rel="noreferrer noopener">fourth-quarter 2024 sales and earnings</a>.
The quarterly sales increased 9% year-over-year to $1.076 billion, missing the consensus of $1.09 billion. Adjusted EPS of $0.95 (+34% YoY), missing the consensus of $0.96.
Residential segment sales rose 4.5% YoY to $155.1 million, driven by lawn care shipments despite lower shipments&nbsp;of snow products, and reported the segment loss of $13.8 million, down from $4.5 million profit last year, due to higher costs and expenses despite productivity gains.
Professional segment sales rose 10.3% YoY to $913.9 million, driven by golf, grounds, and construction equipment sales, offset by lower compact loader and snow product shipments. Professional segment earnings&nbsp;rose 36.3% to $169.7 million (18.6% of sales), driven by productivity, sales leverage, and pricing gains despite higher costs.
Adjusted gross margin for the quarter decreased to 32.3% from 33.6% last year, impacted by higher costs despite productivity gains.
Adjusted operating margin for the quarter was 10.9%, up from 10.1% in the same period last year. As of October 31, cash and equivalents stood at $199.5 million.
&#8220;We delivered our 15th consecutive year of net sales growth in what remained an extremely dynamic environment,&#8221; commented Richard M. Olson, chairman and chief executive officer.
&#8220;We are well-positioned to capitalize on future growth opportunities in our attractive end markets, while simultaneously driving profitability improvement. Our significant productivity initiative, named AMP, is off to a great start, and we remain on track to deliver $100 million in run-rate cost savings by fiscal 2027,&#8221; added Olson.
FY25 Outlook: Toro expects company net sales growth to be in the range of 0% -1 % and adjusted EPS of $4.25 &#8211; $4.40 versus the $4.58 estimate.
Price Action: TTC shares are trading lower by 3.34% At $82.46 at the last check Wednesday.

Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) announced its Q4 earnings on Wednesday, December 18, 2024 at 08:30 AM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Toro missed estimated earnings by 0.0%, reporting an EPS of $0.95 versus an estimate of $0.95.
Revenue was up $92.80 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company missed on EPS by $0.04 in the previous quarter, leading to a 0.0% increase share price change the next day.
Here's a look at Toro's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.22</td>
<td>1.29</td>
<td>0.66</td>
<td>0.56</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.18</td>
<td>1.40</td>
<td>0.64</td>
<td>0.71</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.26B</td>
<td>1.34B</td>
<td>1.00B</td>
<td>973.65M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.16B</td>
<td>1.35B</td>
<td>1.00B</td>
<td>983.20M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Toro management provided guidance for FY 2025, expecting earnings between $4.25 and $4.4 per share.
To track all earnings releases for Toro <a href="https://www.benzinga.com/quote/TTC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Toro Q4 Earnings Assessment

WIIM

Toro shares are trading lower after the company reported worse-than-expected Q4 earnings and sales.

For fiscal 2025, management expects total company net sales growth in the range of 0% to 1% and &#x2A;adjusted diluted EPS in the range of $4.25 to $4.40. The company's guidance is based on current visibility and reflects:
<ul>
<li>continued strong demand and stable supply for our underground construction and golf and grounds businesses,</li>
<li>a continuation of macro factors that have driven increased consumer and channel caution,</li>
<li>remaining adjustments needed to normalize field inventories of lawn care products and snow and ice management solutions, and</li>
<li>weather patterns aligned with historical averages.</li>
</ul>
This guidance does not include any policy or regulatory changes that have not yet been enacted.

The Toro Company Expects Net Sales Growth In The Range Of 0%-1% For FY25 And Adjusted EPS of $4.25-$4.40 Vs. $4.58 Est.

Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) reported quarterly earnings of $0.95 per share which missed the analyst consensus estimate of $0.96 by 1.04 percent. This is a 33.8 percent increase over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $1.076 billion which missed the analyst consensus estimate of $1.090 billion by 1.26 percent. This is a 9.44 percent increase over sales of $983.200 million the same period last year.

Earnings Misses

Toro Q4 2024 Adj. EPS $0.95 Misses $0.96 Estimate, Sales $1.076B Miss $1.090B Estimate

<h3>Companies Reporting Before The Bell</h3>
• SPDR Bloomberg Convertible Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWB#NYSE">CWB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $304.67 million. 
• Tokyo Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) is likely to report earnings for its first quarter. 
• OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $43.78 million. 
• Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) is estimated to report quarterly earnings at $1.83 per share on revenue of $6.61 billion. 
• General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is projected to report quarterly earnings at $1.22 per share on revenue of $5.13 billion. 
• ABM Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $2.07 billion. 
• Birkenstock Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $439.27 million. 
• Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) is projected to report quarterly earnings at $1.05 per share on revenue of $1.11 billion. 
<h3>Companies Reporting After The Bell</h3>
• cbdMD (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $4.81 million. 
• Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is projected to report quarterly earnings at $4.26 per share on revenue of $10.08 billion. 
• Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $150.00 million. 
• Worthington Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $724.35 million. 
• Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $812.02 million. 
• Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is likely to report quarterly earnings at $1.76 per share on revenue of $8.55 billion. 
• MillerKnoll (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $959.70 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BIRK

Spdr Barclays Capital Convertible Securities Etf

EPAC

MLKN

TKLF

YCBD

Earnings Scheduled For December 18, 2024

Dividends

Toro Company Announced It Is Increasing Its Quarterly Dividend from $0.36 to $0.38

DIANNE CRAIG, Director at Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>), disclosed an insider purchase on November 5, based on a new SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000737758/000073775824000057//Archives/edgar/data/737758/000073775824000057/0000737758-24-000057-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled that CRAIG made a notable purchase of 1,101 shares of Toro, valuing at $89,731.
The latest update on Tuesday morning shows Toro shares up by 1.24%, trading at $81.68.
<h3>All You Need to Know About Toro</h3>
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
<h3>Understanding the Numbers: Toro's Finances</h3>
Revenue Growth: Toro's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 6.94%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 34.82%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Toro's EPS is below the industry average. The company faced challenges with a current EPS of 1.15. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Toro's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.68.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 21.18 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.88 is above industry norms, reflecting an elevated valuation for Toro's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 13.48, Toro demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Exploring the Significance of Insider Trading</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000737758">Check Out The Full List Of Toro's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

DIANNE CRAIG Boosts Confidence With $89K Purchase Of Toro Stock

A noteworthy insider acquisition was disclosed on November 5, as CRAIG, Director at Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>), reported the acquisition of stock options for 2,167 shares.
What Happened: CRAIG, Director at Toro, engaged in a derivative transaction according to a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000737758/000073775824000057//Archives/edgar/data/737758/000073775824000057/0000737758-24-000057-index.htm">U.S. Securities and Exchange Commission</a>. This involved the acquisition of stock options for 2,167 shares of TTC, providing the right to purchase the company's stock at an exercise price of $81.5 per share.
During Tuesday's morning session, Toro shares up by 1.24%, currently priced at $81.68. Considering the current price, CRAIG's 2,167 shares have a total value of $390.
<h3>Discovering Toro: A Closer Look</h3>
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
<h3>Financial Insights: Toro</h3>
Positive Revenue Trend: Examining Toro's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.94% as of 31 July, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 34.82%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Toro's EPS is below the industry average. The company faced challenges with a current EPS of 1.15. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.68, Toro adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Toro's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 21.18.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 1.88, Toro's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 13.48, Toro demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000737758">Check Out The Full List Of Toro's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DIANNE CRAIG Sees Potential Growth And Acquires In Toro Stock Options

4 analysts have expressed a variety of opinions on Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Toro and provided 12-month price targets. The average target is $95.5, accompanied by a high estimate of $102.00 and a low estimate of $88.00. This current average represents a 5.68% decrease from the previous average price target of $101.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1725897611_0_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Toro. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Shlisky</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Ted Jackson</td>
<td>Northland Capital Markets</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$92.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$102.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Toro. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Toro compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Toro's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Toro's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TTC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Toro analyst ratings.</a>
<h2>Unveiling the Story Behind Toro</h2>
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
<h3>Understanding the Numbers: Toro's Finances</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Toro's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.94% as of 31 July, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Toro's net margin excels beyond industry benchmarks, reaching 10.31%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.26%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Toro's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.15% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.68, Toro adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Toro Analyst Ratings

DA Davidson analyst Michael Shlisky maintains Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Neutral and lowers the price target from $103 to $88.

DA Davidson Maintains Neutral on Toro, Lowers Price Target to $88

Northland Capital Markets analyst Ted Jackson reiterates Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Market Perform and maintains $100 price target.

Reiteration

Northland Capital Markets Reiterates Market Perform on Toro, Maintains $100 Price Target

Baird analyst Timothy Wojs maintains Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) with a Neutral and lowers the price target from $102 to $92.

Baird Maintains Neutral on Toro, Lowers Price Target to $92

Signs of a cooling labor market last month pushed major U.S. stock averages lower on Thursday, ahead of the highly anticipated August jobs report set for release on Friday.
Private sector job creation came in at 99,000 for August, according to ADP data, marking the slowest pace of growth since January 2021 and missing <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40728795/private-employment-grows-by-99-000-in-august-sharply-misses-forecasts-of-140-000-">the forecast of 140,000.</a>
A stronger-than-expected services sector activity sentiment for August offered some relief to broader recession concerns, but an employment subindex bolstered hints of the ongoing cooling <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40732534/services-sector-activity-expands-more-than-expected-in-august-but-employment-growth">in the labor market.</a>
The S&amp;P 500 dropped below the 4,500 support level for the first time since mid-August, extending weekly losses to 2.9%, and is on track for its worst week since mid-April.
Tech stocks managed to pare losses, with semiconductor shares holding steady. Blue-chip stocks underperformed, as the Dow Jones slid 0.8%, while small-cap stocks fell 0.6%.
A decision from OPEC+ to delay an October oil production increase by two months supported crude prices and further pressured already fragile investor sentiment. West Texas Intermediate (WTI) crude stopped its decline after suffering its worst two-day slump since October 2023.
Treasury yields dipped slightly, and the U.S. dollar softened. Meanwhile, gold edged higher by 0.6%.
Natural gas was Thursday's standout performer, with Henry Hub prices surging over 5%. The U.S. Energy Information Administration reported a natural gas storage injection of 13 billion cubic feet (Bcf) for the week ending Aug. 30, significantly below historical averages and expectations.
Sentiment in crypto assets worsened, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) tumbling 3% to $56,170. 
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,906.30</td>
<td>-0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,495.09</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,132.72</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,638.99</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:52 p.m.</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.5% lower to $548.40.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.8% to $407.30.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.1% lower to $459.90.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $211.35.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 0.8%, while the Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied 4% after announcing it plans to roll out its Full Self-Driving (FSD) technology in China and Europe during the first quarter of 2025, pending regulatory approvals. The EV maker will also produce a six-seat Model Y variant in China, starting next year.</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) announced Thursday it has reached an agreement to acquire Frontier Communications Parent Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NYSE">FYBR</a>) in an all-cash deal valued at approximately $20 billion. Shares of Verizon eased 0.6%, while those of Frontier Communication Parent plummeted 9% after rallying 37% on Wednesday.</li>
<li>United Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) rose 4% after tumbling 17% Wednesday. According to Reuters, the Committee on Foreign Investment in the U.S. (CFIUS) has raised concerns about potential national security risks related to Nippon Steel&#8217;s planned $14.9 billion acquisition of U.S. Steel. </li>
<li>NIO Inc. &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) rallied 11% in reaction to upbeat quarterly results and improved guidance.</li>
<li>Other stocks reacting to earnings results included The Toro Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) down over 10%, Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) down 6.7%, Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) down 5.3%, Core &amp; Main, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) down 0.7%, Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) and C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), both down around 13%.</li>
<li>Companies reporting results after the close include Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), Ui Path Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) and Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>). </li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40718185/could-august-jobs-numbers-keep-recession-fears-at-bay-this-time-is-different-analys">Could August Jobs Numbers Keep Recession Fears At Bay? &#8216;This Time Is Different,&#8217; Analyst Says</a> Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a> on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!</li>
</ul>
Photo: Shutterstock

S&P 500 Falls Below 5,500 Points On Cooling Jobs Data, Tesla Leads Tech Gains, Natural Gas Spikes: What's Driving Markets Thursday?

The Toro Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) shares are trading lower after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40728882/the-toro-company-reports-results-for-the-third-quarter-of-fiscal-2024" rel="noreferrer noopener">third-quarter results</a>.
Sales increased 6.9% Y/Y to $1.156 billion, missing the consensus of $1.259 billion. Professional $880.9 million (-1.7% Y/Y), and Residential $267.5 million (+52.6% Y/Y).
Adjusted EPS of $1.18 (+24.2% Y/Y) missed <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">the consensus of $1.22</a>.
Adjusted gross margin expanded to&nbsp;35.4%&nbsp;from&nbsp;34.4%&nbsp;a year ago, led by productivity improvements and net price realization.
Adjusted operating margin for the third quarter was 13.7%, up from 12.2% in the same period last year. As of August 2, cash and equivalents stood at $221.1 million.
Richard M. Olson, chairman and chief executive officer, said, &#8220;In both segments, we saw increased caution from homeowners and lawn care dealers as summer progressed due to macro factors, which resulted in lower-than-expected shipments of residential and professional lawn care products to our dealer channel.&#8221;
FY24&nbsp;Outlook: Toro now expects company net sales growth of about&nbsp;1% (prior view: low single-digit growth) and adjusted EPS of&nbsp;$4.15 &#8211; $4.20 (<a target="_blank" href="https://www.benzinga.com//node/39211987" rel="noreferrer noopener">prior: $4.25 &#8211; $4.35</a>) vs. consensus of&nbsp;$4.30.
Olson added, &#8220;We are already realizing benefits from our multi-year productivity initiative named AMP, and we expect these benefits to accelerate during the next two years. We remain on track to deliver at least $100 million in annualized <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">run rate savings by fiscal 2027.</a>&#8220;
&#8220;We are extremely well positioned in attractive end markets, and look ahead with optimism to fiscal 2025 and beyond,&#8221; added Olson.
Investors can gain exposure to the stock via&nbsp;Invesco Water Resources ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHO#NASDAQ">PHO</a>) and&nbsp;Neuberger Berman ETF Trust Neuberger Berman Small-Mid Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBSM#NYSE">NBSM</a>).
Price Action: TTC shares are down 12.6%&nbsp;at&nbsp;$79.51&nbsp;premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40724348" target="_blank" rel="noreferrer noopener">Volvo Cars Expands Partnership With Nvidia For Advanced AI And Autonomous Driving</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

For fiscal 2024, the company now expects total company net sales growth of about 1%, and &#x2A;adjusted diluted EPS in the range of $4.15 to $4.20. This guidance is based on current visibility and assumes:
<ul>
<li>a continuation of macro factors that have driven increased consumer and channel caution;</li>
<li>continued strong demand and stable supply for our underground construction, and golf and grounds businesses; and</li>
<li>weather patterns aligned with historical averages for the remainder of the year.</li>
</ul>
This guidance also considers:
<ul>
<li>remaining adjustments needed to normalize field inventory levels of lawn care products and snow and ice management solutions;</li>
<li>manufacturing inefficiencies as production and inventory levels continue to be adjusted to market conditions; and</li>
<li>the net impact across all residential mass channel partners related to our new strategic partnership with Lowe&#39;s.</li>
</ul>

The Toro Company For 2024 Now Expects Total Company Net Sales Growth Of About 1%; Sees Adj. EPS Of $4.15-$4.20 (Prior Adj. EPS $4.25-$4.35) Vs. $4.30 Consensus

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