Toro Co reaches 20-day high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Should l Buy TTC?
Source: SeekingAlpha
Toro Co's stock price increased by 3.62%, reaching a 20-day high. This movement occurs in a mixed market environment, with the Nasdaq-100 down 0.66% and the S&P 500 slightly up by 0.02%.
The rise in Toro Co's stock is attributed to sector rotation, as investors are shifting their focus towards companies benefiting from winter weather conditions. Although the broader market is experiencing weakness, Toro Co's performance is bolstered by increased demand for snow-related products, reflecting a positive outlook for the company in the current season.
This upward movement suggests that Toro Co is well-positioned to capitalize on seasonal trends, and the company's strong performance may attract further investor interest, especially as winter conditions persist.
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Analyst Views on TTC
Wall Street analysts forecast TTC stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 92.900
Low
86.00
Averages
88.00
High
90.00
Current: 92.900
Low
86.00
Averages
88.00
High
90.00
About TTC
The Toro Company is engaged in designing, manufacturing, marketing, and selling professional turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation systems; rental, specialty, and underground construction equipment; and residential yard and snow thrower products. Its segments include Professional and Residential. Its Professional segment designs professional turf maintenance; landscape and lighting; rental, specialty, and underground construction; snow and ice management; and agricultural products. Its Residential segment markets and sells products to homeowners through distribution channels, including outdoor power equipment distributors and dealers, mass retailers, hardware retailers, and home centers, as well as online and direct to end-users. Its brands include Toro, Ditch Witch, Exmark, Spartan, BOSS, Ventrac, Tornado, American Augers, Subsite, HammerHead, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
Toro (TTC) Q1 2026 Earnings Call Transcript
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- Increased Backlog: Despite pressures from low commodity prices and high interest rates, Lindsay's backlog has risen to approximately $151.8 million, indicating the stability of its core business and future growth potential, particularly against the backdrop of rising demands for water security and food supply.
- MENA Project Advancement: The company is actively executing an $80 million irrigation and technology project in the MENA region, expected to generate around $70 million in revenue this year, further enhancing its competitive position in the global market.
- Attractive Valuation: Currently trading at about 19 times earnings, below the five-year average of 25 times, Lindsay appears undervalued in terms of long-term growth potential, and if the market adjusts its valuation to 22-24 times earnings, the stock could see a 14%-23% upside.
See More
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- Weak Earnings Report: Lindsay Corporation's latest earnings report revealed revenue of $157.7 million, a 16% year-over-year decline, with earnings per share dropping to $1.15, resulting in a 12% stock price drop in a single day, reflecting the impact of the agricultural cycle on the company's performance.
- Increased Backlog: Despite pressures from low commodity prices and high interest rates, Lindsay's backlog has risen to approximately $151.8 million, up from $127 million last year, indicating the stability of the company's core business and potential for future growth.
- Valuation Compression: Currently trading at about 19 times earnings, Lindsay's valuation is significantly lower than its five-year average of 25 times, suggesting that the market is undervaluing its long-term growth potential, presenting a buying opportunity for investors.
- Rising Agricultural Demand: With global food demand increasing rapidly and water scarcity alongside limited arable land making efficient agriculture essential, Lindsay's irrigation systems are crucial in addressing these challenges, positioning the company for greater market recognition in the future.
See More
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- Milestone Partnership: In 2026, The Toro Company and Scholarship America celebrate 50 years of collaboration, having become Scholarship America's first corporate client and granting over $4.7 million in scholarships, showcasing the company's long-term commitment to education.
- Investment in Education: CEO Rick Olson stated that investing in the scholarship program not only transforms individual lives but also impacts families and communities, ensuring academic opportunities for employees' children and reflecting corporate social responsibility.
- Enduring Impact: Scholarship America President Mike Nylund emphasized that while higher education has evolved significantly over the past 50 years, Toro's unwavering support for students will continue, with both organizations looking forward to further collaborative impacts in the future.
- Global Presence: With net sales of $4.5 billion in fiscal 2025 and operations in over 125 countries, The Toro Company solidifies its leadership in the global market while supporting education, enhancing its brand reputation and community engagement.
See More
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- Milestone Partnership: In 2026, The Toro Company and Scholarship America celebrate 50 years of collaboration, during which over $4.7 million in scholarships have been awarded, highlighting the company's long-term commitment to education and supporting the academic journeys of employees' children.
- Impact of Education: CEO Rick Olson emphasized that education changes lives, benefiting not just individuals but families and communities, indicating that the company's investment in its scholarship program will create opportunities for future generations.
- Ongoing Commitment: Scholarship America President Mike Nylund noted that while higher education has evolved significantly over the past 50 years, Toro's dedication to supporting students remains steadfast, and both organizations look forward to continuing their collaborative impact in the future.
- Global Presence: With net sales of $4.5 billion in fiscal 2025 and operations in over 125 countries, The Toro Company demonstrates its leadership in outdoor solutions while reinforcing its social responsibility through scholarship initiatives.
See More
Toro (TTC) Q1 2026 Earnings Call Transcript
See More
Toro Co Reports Increased Q1 Profit
- Profit Growth: Toro Co reported a net profit of $67.9 million for Q1, translating to earnings per share of $0.69, which marks a significant increase from last year's $52.8 million and $0.52 per share, reflecting the company's strong market performance.
- Adjusted Earnings: Excluding special items, the adjusted earnings reached $72.6 million, or $0.74 per share, indicating the robustness of the company's core operations and an enhancement in profitability.
- Revenue Increase: The company's revenue rose by 4.1% year-over-year to $1.036 billion, up from $995 million last year, demonstrating sustained market demand and the effectiveness of its sales strategies.
- Future Guidance: Toro Co provided full-year EPS guidance in the range of $4.40 to $4.60, with revenue growth expectations between 3% and 6.5%, showcasing the company's confidence in future performance and positive market outlook.
See More
