The Toro Co (NYSE: TTC) has reported earnings for its third fiscal quarter (ending July 31) of $1.15 versus a loss $-0.14 for the same period a year ago. This result fell short of the consensus estimate of $1.22 by $-0.07. For the latest four quarters through July 31, E.P.S. were $3.83 versus $3.61 for the same period a year ago — an increase of 6%.
Recent Price Action
The Toro Co (NYSE: TTC) stock suffered a major decline of -10.1% on 9/5/24. The shares closed at $81.82. Moreover, this decline was accompanied by exceptionally high trading volume at 422% of normal. The stock has performed in line with the market over the last nine months and has declined -9.7% during the last week.
Current PriceTarget Research Rating
TTC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Toro has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Toro has a slightly negative Power Rating of 36 and a poor Appreciation Score of 26, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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