Toro Co. (NYSE:TTC) price on Friday, April 19, rose 0.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $85.11.
A look at the stock’s price movement, the close in the last trading session was $84.51. The PE ratio in trailing twelve months stood at 31.14. Turning to its 52-week performance, $108.50 and $78.35 were the 52-week high and 52-week low respectively. Overall, TTC moved -4.73% over the past month.
Toro Co.’s market cap currently stands at around $8.89 billion. The company has a Forward Dividend ratio of 1.40, with its dividend yield at 1.64%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $1.29, which has seen fiscal year 2024 EPS growth forecast to increase to $4.29 and about $4.74 for fiscal year 2025. Per the data, EPS growth is expected to be 1.90% for 2024 and 10.50% for the next financial year.
Analysts have a consensus estimate of $1.34 billion for the company’s revenue for the quarter, with a low and high estimate of $1.32 billion and $1.35 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2024 to grow to $4.65 billion, representing a 2.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TTC is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 3.05, with TTC’s current price about -2.95% and -6.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.78, while 7-day volatility ratio is 1.88% and 1.94% in the 30-day chart. Further, Toro Co. (TTC) has a beta value of 0.73, and an average true range (ATR) of 1.84.
If we refocus on Toro Co. (NYSE:TTC), historical trading data shows that trading volumes averaged 731.17K over the past 3 months. The company’s latest data on shares outstanding shows there are 104.41 million shares.
The 0.42% of Toro Co.’s shares are in the hands of company insiders while institutional holders own 89.71% of the company’s shares. Current price change has pushed the stock -11.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TTC stock continues to rise going into the next quarter.
