Last $62.03 USD
Change Today -0.24 / -0.39%
Volume 29.9K
TTC On Other Exchanges
Symbol
Exchange
New York
As of 12:25 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

toro co (TTC) Snapshot

Open
$62.20
Previous Close
$62.27
Day High
$62.31
Day Low
$61.85
52 Week High
03/11/14 - $67.35
52 Week Low
08/15/13 - $47.56
Market Cap
3.5B
Average Volume 10 Days
177.9K
EPS TTM
$2.76
Shares Outstanding
55.7M
EX-Date
06/25/14
P/E TM
22.4x
Dividend
$0.80
Dividend Yield
1.19%
Current Stock Chart for TORO CO (TTC)

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toro co (TTC) Details

The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. Its Professional business segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; and irrigation and lighting products, including sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products. This segment markets its products to landscape contractor, sports fields and grounds, golf, residential/commercial irrigation and lighting, micro-irrigation, and rental and construction markets through distributors and dealers, as well as directly to government customers, rental companies, and retailers. The company’s Residential business segment provides walk power mowers; riding mowers; snow throwers; replacement parts; and home solutions products, including trimmers, blowers, blower-vacuums, and underground and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and an array of home centers, hardware retailers, and mass retailers, as well as through the Internet. The Toro Company sells its products primarily under the Toro, Exmark, Irritrol, Hayter, Pope, Unique Lighting Systems, Lawn-Boy, and Lawn Genie trademarks. The company was founded in 1914 and is headquartered in Bloomington, Minnesota.

5,057 Employees
Last Reported Date: 12/20/13
Founded in 1914

toro co (TTC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $900.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $445.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $371.0K
Vice President of Human Resources & Business ...
Total Annual Compensation: $355.0K
Group Vice President of Residential and Contr...
Total Annual Compensation: $355.0K
Compensation as of Fiscal Year 2013.

toro co (TTC) Key Developments

Toro Company Reports Earnings Results for the Second Quarter and Six Months Ended May 2, 2014; Provides Earnings Guidance for Third Quarter and Full Year 2014

Toro Company reported earnings results for the second quarter and six months ended May 2, 2014. For the quarter, the company's net earnings for the were $87.09 million, or $1.51 per diluted share, compared to $78.40 million, or $1.32 per diluted share, for the same quarter ended May 3, 2013. Net sales were $745.03 million, compared to $704.49 million for the same quarter ended May 3, 2013. For the year, the company's net earnings were $112.95 million, or $1.95 per diluted share, compared to $109.80 million, or $1.85 per diluted share, for the same period ended May 3, 2013. Net sales were $1.19 billion, compared to $1.15 billion for the same period ended May 3, 2013. For fiscal 2014, the company expects net earnings per share to be in the range of $2.90 to $2.95. For the third quarter of fiscal 2014, the company expects net earnings per share to be about $0.82.

Toro Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 2, 2014; Reaffirms Earnings Guidance for Full Year of Fiscal 2014 and Provides Earnings Guidance for the Third Quarter of Fiscal 2014

Toro Company announced unaudited consolidated earnings results for the second quarter and six months ended May 2, 2014. For the quarter, the company announced net sales of $745,030,000 compared to $704,486,000 for the same period a year ago. Operating earnings were $130,879,000 compared to $117,471,000 for the same period a year ago. Earnings before income taxes were $129,116,000 compared to $116,317,000 for the same period a year ago. Net earnings were $87,086,000 compared to $78,402,000 for the same period a year ago. Diluted net earnings per share were $1.51 compared to $1.32 for the same period a year ago. For the six months, the company announced net sales of $1,191,011,000 compared to $1,149,147,000 for the same period a year ago. Operating earnings were $171,477,000 compared to $163,675,000 for the same period a year ago. Earnings before income taxes were $167,871,000 compared to $159,715,000 for the same period a year ago. Net earnings were $112,955,000 compared to $109,798,000 for the same period a year ago. Diluted net earnings per share were $1.95 compared to $1.85 for the same period a year ago. Net cash provided by operating activities was $77,949,000 compared to $36,648,000 for the same period a year ago. Purchases of property, plant, and equipment were $32,682,000 compared to $19,508,000 for the same period a year ago. Strong retail demand for snow products and landscape maintenance equipment, as well as contributions from its micro irrigation, construction and rental businesses, helped the company to surpass sales and earnings earned in the comparable fiscal 2013 period, which benefited from the Tier 4 diesel engine transition. The company reaffirmed earnings guidance for the full year of fiscal 2014. The company continues to expect revenue growth for fiscal 2014 to be about 5% to 6%, and net earnings per share to be about $2.90 to $2.95. The company expects capital expenditure to be about $55 million to $70 million for fiscal 2014 and a similar amount next year. The company also continues to expect free cash flow to be about $150 million for the year. The company continue to expect its tax rate for fiscal 2014 to be about 33%. The company expects gross margins to improve by approximately 30 basis points for the year. The company continue to expect total year SG&A to improve over last year. For the third quarter, the company expects net earnings per share to be about $0.82.

Toro Co. Declares Regular Quarterly Cash Dividend, Payable on July 11, 2014

Toro Co. announced that its board of directors has declared a regular quarterly cash dividend of $0.20 per share. This dividend is payable on July 11, 2014 to shareholders of record on June 27, 2014.

 

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Industry Analysis

TTC

Industry Average

Valuation TTC Industry Range
Price/Earnings 23.0x
Price/Sales 1.7x
Price/Book 9.0x
Price/Cash Flow 21.9x
TEV/Sales 1.5x
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