Toro Co (TTC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Toro Co (TTC) reported quarterly earnings results on Thursday, Aug-18-2016. The company said it had a profit of $1.00 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.99. The company posted revenue of $601.00 million in the period, compared to analysts expectations of $622.16 million. The company’s revenue was down -1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Toro Co. Toro Co was Downgraded by Sidoti to ” Neutral” on Jun 10, 2016. Seaport Global Securities Initiated Toro Co on May 24, 2016 to “Neutral”, Price Target of the shares are set at $87.

Toro Co closed down -0.24 points or -0.25% at $93.89 with 5,47,101 shares getting traded on Wednesday. Post opening the session at $93.93, the shares hit an intraday low of $93.2 and an intraday high of $94.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 1, 2016, Michael J Hoffman (Chairman & CEO) sold 125,600 shares at $86.37 per share price. According to the SEC, on Jun 22, 2016, Christopher A Twomey (director) sold 5,246 shares at $87.60 per share price. On May 31, 2016, Philip A Burkart (VP, Irrig. & Lighting Business) sold 6,600 shares at $89.00 per share price, according to the Form-4 filing with the securities and exchange commission.

The Toro Company (Toro) designs manufactures and markets professional turf maintenance equipment and services turf irrigation systems landscaping equipment and lighting agricultural micro-irrigation systems rental and construction equipment and residential yard and snow removal products. The Company sells its products across the world through a network of distributors dealers hardware retailers home centers mass retailers and over the Internet under the names of Toro Exmark Irritrol Hayter Pope Unique Lighting Systems Lawn-Boy and Lawn Genie. The Company operates in three business segments: Professional through which the Company designs professional turf landscape and agricultural products and markets them across the world; Residential which markets its residential products to homeowners and Distribution which consists of the Company’s owned domestic distributorships.

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