Toro Co. (TTC)’s latest quarter sales figures and margins explained

At the time of writing, Toro Co. [TTC] stock is trading at $91.66, down -1.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TTC shares have gain 1.41% over the last week, with a monthly amount glided 0.82%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Toro Co. [NYSE: TTC] stock has seen the most recent analyst activity on December 05, 2023, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $87 from $110. Previously, DA Davidson started tracking the stock with Buy rating on June 22, 2023, and set its price target to $117. On May 19, 2023, CL King initiated with a Buy rating and assigned a price target of $133 on the stock. Northland Capital started tracking the stock assigning a Market Perform rating and suggested a price target of $110 on April 17, 2023. Raymond James upgraded its rating to a Outperform but $130 remained the price target by the analyst firm on December 23, 2022. Northcoast upgraded its rating to Buy for this stock on September 06, 2022. In a note dated October 27, 2021, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $118 to $85.

For the past year, the stock price of Toro Co. fluctuated between $77.15 and $104.23. Currently, Wall Street analysts expect the stock to reach $116 within the next 12 months. Toro Co. [NYSE: TTC] shares were valued at $91.66 at the most recent close of the market. An investor can expect a potential return of 26.55% based on the average TTC price forecast.

Analyzing the TTC fundamentals

According to Toro Co. [NYSE:TTC], the company’s sales were 4.41B for trailing twelve months, which represents an 1.01% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.17 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 90.87 points at the first support level, and at 90.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.72, and for the 2nd resistance point, it is at 93.79.

Ratios To Look Out For

It is important to note that Toro Co. [NYSE:TTC] has a current ratio of 1.93. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 2.16, the price to book ratio is 5.77 and price to earnings (TTM) ratio is 36.18.

Transactions by insiders

Recent insider trading involved Olson Richard M, Chairman & CEO, that happened on Jun 21 ’24 when 20000.0 shares were sold. Group VP, Golf, Grounds & Irr, Funk Edric C completed a deal on Mar 15 ’24 to sell 615.0 shares. Meanwhile, Director Ellis Gary Lee sold 5192.0 shares on Mar 15 ’24.

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