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Toro Company (TTC)

- NYSE
  • Aug. 22, 2013, 11:23 AM
    • Toro (TTC +4.8%) gains on a solid FQ3 beat, as strong sales in its residential unit offset declines in its professional products. Results were strengthened by a solid summer growing season, with favorable temperatures and precipitation levels as compared to last year's severe drought conditions.
    • Looking forward, the company says that momentum from productivity efforts and favorable commodity trends should drive additional earnings gains.
    • It's raising revenue growth expectations for FY13, now expecting around 4% growth and net earnings to be about 2.55 per share, a 19% increase over FY12 and above the Street view of $2.40.
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  • May. 23, 2013, 3:16 PM
    Toro (TTC +3.7%) moves up today after posting a better than expected FQ2. Net earnings rose 14% Y/Y on sales strength in its professional segment, which helped offset a 13% decline in residential sales. The company says that although it backs current earnings guidance, it's lowering revenue growth expectations to between 3% and 4%, compared with its February forecast of a 5% revenue increase. Gross margin improved to 35.8% from 34%.
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  • Dec. 5, 2012, 12:51 PM
    Shares of Toro (TTC -3%) slide after its FQ4 top line result missed estimates this morning. Net earnings dropped 95% as weather conditions hurt the grounds-care equipment maker's sales. The company also lowered guidance for FY13, citing challenges in Europe. It now expects revenue growth to be about 4% to 5%. Earnings are anticipated to be $2.35 - $2.40 per share, below Street estimates of $2.44.
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  • Aug. 23, 2012, 8:35 AM
    Toro (TTC): FQ3 EPS of $0.67 beats by $0.05. Revenue of $504M (+0.6% Y/Y) misses by $22M. Shares -4.5% premarket. (PR)
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  • Aug. 20, 2012, 3:59 PM
    Toro (TTC -4.7%) shares are downgraded by Raymond James ahead of Thursday's FQ3 report: "Recent results from competitors/suppliers have been hurt by the late-season drought, and while we believe Toro will post better relative results, we do not believe its business will be totally unscathed... now is a good time to take profits."
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  • May. 24, 2012, 3:09 PM
    Toro  (TTC +7.5%) pops on a strong FQ2 report earlier today. Net earnings rose 14% Y/Y as unseasonably warm weather and an accelerated Spring helped boost sales of grounds-care equipment. The company also raises its FY12 forecast, now expecting an EPS of approximately $4.30, in the lower end of its previously announced guidance range of $4.30 - $4.35, but still better than Street estimates of $4.29. The company also expects revenue growth of 7% - 8% Y/Y.
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TTC vs. ETF Alternatives
Company Description
Toro Co is engaged in designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment, and residential yard and snow removal products.