$0.29 EPS Expected for Toro Co (TTC)

November 18, 2017 – By Vivian Park

Investors sentiment increased to 1.43 in Q2 2017. Its up 0.41, from 1.02 in 2017Q1. It is positive, as 25 investors sold Toro Co shares while 111 reduced holdings. 72 funds opened positions while 123 raised stakes. 78.50 million shares or 1.72% less from 79.88 million shares in 2017Q1 were reported.
Illinois-based First Trust Advsrs Limited Partnership has invested 0.09% in Toro Co (NYSE:TTC). State Bank Of Nova Scotia, Ontario – Canada-based fund reported 191,300 shares. Reilly Advsrs Ltd reported 100 shares stake. 216,689 were accumulated by Nationwide Fund Advsr. Caxton L P has invested 0% in Toro Co (NYSE:TTC). California State Teachers Retirement Systems owns 188,010 shares. Invesco Ltd holds 913,164 shares or 0.02% of its portfolio. Cibc Ww Mkts has invested 0.01% in Toro Co (NYSE:TTC). Cim Limited Company holds 0.51% of its portfolio in Toro Co (NYSE:TTC) for 17,234 shares. Natixis owns 0.01% invested in Toro Co (NYSE:TTC) for 7,176 shares. Walleye Trading Ltd Liability invested in 1,427 shares or 0% of the stock. 248,149 are owned by Rhumbline Advisers. Brinker Cap, Pennsylvania-based fund reported 14,860 shares. Ent Corp owns 60 shares. California Pub Employees Retirement Systems has invested 0.03% of its portfolio in Toro Co (NYSE:TTC).

Since May 31, 2017, it had 0 buys, and 5 insider sales for $3.61 million activity. The insider HARLESS KATHERINE J sold 5,000 shares worth $341,985. 10,492 shares were sold by Ellis Gary Lee, worth $708,955. Another trade for 8,000 shares valued at $568,000 was sold by Redetzke Darren L.

Analysts await Toro Co (NYSE:TTC) to report earnings on December, 7 before the open. They expect $0.29 EPS, up 7.41 % or $0.02 from last year’s $0.27 per share. TTC’s profit will be $31.22M for 53.25 P/E if the $0.29 EPS becomes a reality. After $0.61 actual EPS reported by Toro Co for the previous quarter, Wall Street now forecasts -52.46 % negative EPS growth. The stock decreased 0.13% or $0.08 on November 17, reaching $61.77. About 709,428 shares traded or 48.79% up from the average. Toro Co (NYSE:TTC) has risen 60.11% since November 18, 2016 and is uptrending. It has outperformed by 43.41% the S&P500.

Toro Co (NYSE:TTC) Ratings Coverage

Among 6 analysts covering Toro (NYSE:TTC), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Toro had 11 analyst reports since December 4, 2015 according to SRatingsIntel. As per Friday, March 31, the company rating was upgraded by Cleveland. The firm has “Buy” rating given on Friday, January 13 by Seaport Global Securities. The rating was maintained by Dougherty & Company on Friday, February 24 with “Buy”. Seaport Global initiated Toro Co (NYSE:TTC) on Tuesday, May 24 with “Neutral” rating. The stock has “Neutral” rating by Longbow on Monday, May 22. Sidoti downgraded Toro Co (NYSE:TTC) on Friday, June 10 to “Neutral” rating. Seaport Global downgraded it to “Hold” rating and $67.0 target in Friday, August 25 report. The company was downgraded on Friday, December 4 by Longbow. On Friday, August 25 the stock rating was downgraded by Dougherty & Company to “Neutral”. The stock of Toro Co (NYSE:TTC) has “Buy” rating given on Friday, November 4 by Dougherty & Company.

The Toro Company is engaged in the designing, manufacturing, and marketing of professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, snow and ice management products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products. The company has market cap of $6.65 billion. The Firm operates through three divisions: Professional, Residential and Distribution. It has a 26.01 P/E ratio. Under the Professional segment, Toro creates professional turf, landscape and lighting, rental and specialty construction, snow and ice management, and agricultural products.