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Toro (TTC) Could Be a Great Choice
ZACKS· 2025-06-16 16:51
Company Overview - Toro (TTC) is headquartered in Bloomington and operates in the Consumer Discretionary sector [3] - The stock has experienced a price decline of 15.92% since the beginning of the year [3] - Toro currently pays a dividend of $0.38 per share, resulting in a dividend yield of 2.26%, which is higher than the Tools - Handheld industry's yield of 2.14% and the S&P 500's yield of 1.57% [3] Dividend Performance - The current annualized dividend of Toro is $1.52, reflecting a 5.6% increase from the previous year [4] - Over the past five years, Toro has raised its dividend five times, achieving an average annual increase of 10.22% [4] - The company's payout ratio stands at 36%, indicating that it distributes 36% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Toro's earnings per share for the fiscal year 2025 is $4.23, which signifies a year-over-year growth rate of 1.44% [5] Investment Considerations - Dividends are favored by investors for various reasons, including tax advantages and reduced overall portfolio risk [6] - High-growth firms or tech start-ups typically do not offer dividends, while established companies with stable profits are often preferred for dividend investments [7] - Despite the challenges high-yielding stocks may face during rising interest rates, Toro presents a compelling investment opportunity as a strong dividend play [7]
Toro Corp. Announces Vessel Acquisition
Globenewswire· 2025-06-11 13:00
Core Viewpoint - Toro Corp. has announced the acquisition of a 2021-built MR tanker vessel for $36.25 million, which will be funded with cash on hand [1][2]. Company Overview - Toro Corp. is a global energy transportation services provider with a modern fleet of oceangoing vessels. After the acquisition, the fleet will consist of four LPG carriers and one MR tanker vessel, focusing on transporting petrochemical gases and refined petroleum products worldwide [3]. - The company is incorporated under the laws of the Republic of the Marshall Islands and trades on the Nasdaq Capital Market under the symbol "TORO" [3]. Acquisition Details - The acquisition is expected to be completed with the delivery of the vessel during Q2-Q3 2025, subject to customary closing conditions [2].
The Toro Company Q2 EPS Tops Forecast
The Motley Fool· 2025-06-06 19:14
Core Insights - The Toro Company reported adjusted EPS of $1.42 for fiscal Q2 2025, a $0.02 increase year-over-year, but revenue declined by 2.3% to $1.32 billion, prompting management to revise full-year guidance to flat to down 3% [1] Financial Performance - The professional segment achieved $1.0 billion in net sales, reflecting a 1% year-over-year growth, and earnings of $202 million, up 6% year-over-year, with a margin improvement of 90 basis points to 19.9% [4][5] - The residential segment's net sales fell 11% year-over-year to $297 million, with earnings halved to $16 million and margins dropping to 5.4% from 10.8% [6][7] Cost Management Initiatives - The Accelerated Margin Productivity (AMP) program has generated $70 million in cumulative run-rate savings, with a target of $100 million by 2027, addressing increased material and manufacturing costs [2][3] Market Outlook - Management anticipates total net sales in fiscal Q3 to be flat to slightly up year-over-year, with professional segment sales expected to rise by a mid-single-digit percentage and residential sales projected to decline by a high-teens percentage [9]
Toro Analysts Cut Their Forecasts After Q2 Results
Benzinga· 2025-06-06 17:57
Core Insights - The Toro Company reported mixed results for Q2 FY2025, with sales declining 2% year-over-year to $1.32 billion, missing the consensus estimate of $1.35 billion, while adjusted EPS of $1.42 increased by 1% year-over-year, surpassing the consensus of $1.40 [1][2] Financial Performance - Q2 FY2025 sales: $1.32 billion, down 2% Y/Y, below consensus of $1.35 billion [1] - Adjusted EPS: $1.42, up 1% Y/Y, above consensus of $1.40 [1] Guidance Update - FY25 adjusted EPS guidance lowered from $4.25-$4.40 to $4.15-$4.30, compared to consensus of $4.31 [2] - FY25 net sales growth outlook revised to flat to -3%, down from 0% to 1% previously [2] Management Commentary - CEO Richard M. Olson emphasized the company's strategic steps to navigate near-term challenges, highlighting confidence in managing controllable factors and mitigating macroeconomic risks [3] Market Reaction - Toro shares fell 6.5% to $68.51 following the earnings announcement [3] Analyst Ratings and Price Targets - Baird analyst Timothy Wojs maintained a Neutral rating, lowering the price target from $85 to $82 [8] - Northland Capital Markets analyst Ted Jackson downgraded Toro from Outperform to Market Perform, reducing the price target from $100 to $80 [8] - Raymond James analyst Sam Darkatsh maintained an Outperform rating, lowering the price target from $95 to $90 [8]
Toro (TTC) Q2 Earnings Beat Estimates
ZACKS· 2025-06-05 14:41
Company Performance - Toro reported quarterly earnings of $1.42 per share, exceeding the Zacks Consensus Estimate of $1.38 per share, and showing a slight increase from $1.40 per share a year ago, representing an earnings surprise of 2.90% [1] - The company posted revenues of $1.32 billion for the quarter ended April 2025, which was below the Zacks Consensus Estimate by 1.94%, and a decrease from $1.35 billion in the same quarter last year [2] - Over the last four quarters, Toro has surpassed consensus EPS estimates two times but has not beaten revenue estimates during this period [2] Stock Outlook - Toro shares have declined approximately 5.6% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the upcoming quarter at $1.23 on revenues of $1.15 billion, and for the current fiscal year at $4.30 on revenues of $4.62 billion [7] - The Zacks Rank for Toro is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Tools - Handheld industry, to which Toro belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Toro's stock performance [5]
The Toro Company: Uncertainty And Valuation Make An Upgrade Unfeasible
Seeking Alpha· 2025-05-27 21:35
Group 1 - The Toro Company (NYSE: TTC) was reaffirmed as a 'hold' candidate in December 2023, indicating a stable outlook for the company [1] - The company focuses on the production and cash flow generation in the oil and natural gas sector, highlighting its value and growth prospects [1] Group 2 - Crude Value Insights provides an investing service and community centered on oil and natural gas, emphasizing cash flow analysis [2] - Subscribers have access to a 50+ stock model account and in-depth cash flow analyses of exploration and production (E&P) firms [2]
Toro Corp. Announces Full Repayment of the Senior Term Loan Granted to Castor Maritime Inc.
Globenewswire· 2025-05-14 20:05
Company Overview - Toro Corp. is an international energy transportation services company specializing in the transportation of liquefied petrochemical gases worldwide [2] - The company operates a fleet of four LPG carrier vessels, each with a capacity of 5,000 [2] - Toro Corp. is incorporated under the laws of the Republic of the Marshall Islands and its common shares are traded on the Nasdaq Capital Market under the symbol "TORO" [2] Recent Developments - On May 5, 2025, Toro Corp. announced the full repayment of a senior term loan facility that was granted to Castor Maritime Inc. in December 2024 [1]
Why Toro (TTC) is a Great Dividend Stock Right Now
ZACKS· 2025-05-13 16:45
Company Overview - Toro (TTC) is a Consumer Discretionary stock headquartered in Bloomington, with a year-to-date price change of -5.37% [3] - The company currently pays a dividend of $0.38 per share, resulting in a dividend yield of 2.01%, which is slightly below the Tools - Handheld industry's yield of 2.11% and the S&P 500's yield of 1.53% [3] Dividend Performance - Toro's annualized dividend of $1.52 has increased by 5.6% from the previous year [4] - Over the last five years, Toro has raised its dividend five times, achieving an average annual increase of 10.22% [4] - The company's current payout ratio is 36%, indicating that it distributes 36% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - Toro is expected to see earnings growth in the current fiscal year, with the Zacks Consensus Estimate for 2025 at $4.31 per share, reflecting a year-over-year growth rate of 3.36% [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [6] - While high-yielding stocks may face challenges during periods of rising interest rates, Toro is positioned as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]
Toro Stock: A Solid Investment or Just Average?
The Motley Fool· 2025-04-24 23:00
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Toro (TORO) - 2024 Q4 - Annual Report
2025-04-15 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: Not applicable Commission file number 001-41561 Toro C ...