Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Toro Company (The) (TTC) Share Price
Media stories about Toro Company (The) (NYSE:TTC) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Toro Company (The) earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.5998755870337 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Is The Toro Company (NYSE:TTC) Dependable Investment For Shareholders? – AllStockNews (allstocknews.com)
- Oversold Signal Stock: The Toro Company (TTC) – Voice Of Analysts (analystsbuzz.com)
- Prepping for a Big Move? Share Updates on The Toro Company (NYSE:TTC) and Kilroy Realty Corporation (NYSE:KRC) – FLBC News (flbcnews.com)
- The Toro Co. – Value Analysis (NYSE:TTC) : August 29, 2017 (finance.yahoo.com)
- Dougherty & Co Weighs in on Toro Company (The)’s FY2017 Earnings (TTC) (americanbankingnews.com)
Toro Company (NYSE TTC) opened at 61.02 on Friday. The company has a 50-day moving average price of $69.51 and a 200 day moving average price of $66.30. Toro Company has a 1-year low of $46.09 and a 1-year high of $73.86. The stock has a market capitalization of $6.62 billion, a P/E ratio of 25.77 and a beta of 0.56.
Toro Company (The) (NYSE:TTC) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The business had revenue of $627.90 million during the quarter, compared to the consensus estimate of $628.08 million. Toro Company (The) had a return on equity of 45.32% and a net margin of 10.63%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, equities analysts predict that Toro Company will post $2.39 EPS for the current year.
Several analysts have recently commented on TTC shares. Longbow Research raised Toro Company (The) from an “underperform” rating to a “neutral” rating in a report on Monday, May 22nd. Zacks Investment Research cut Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub cut Toro Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Dougherty & Co cut Toro Company (The) from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Finally, Seaport Global Securities cut Toro Company (The) from a “buy” rating to a “neutral” rating and set a $67.00 price target for the company. in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.75.
In other news, VP Darren L. Redetzke sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $71.00, for a total transaction of $568,000.00. Following the completion of the transaction, the vice president now directly owns 8,213 shares in the company, valued at $583,123. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher A. Twomey sold 15,108 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $71.75, for a total value of $1,083,999.00. Following the transaction, the director now owns 15,108 shares of the company’s stock, valued at $1,083,999. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,380 shares of company stock valued at $4,410,992. Insiders own 5.69% of the company’s stock.
Toro Company (The) Company Profile
The Toro Company (Toro) 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.
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