Toro (TTC) Posts Quarterly Earnings, Beats Estimates By $0.02 EPS

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Toro (NYSE:TTC) released its earnings data on Thursday. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.49 by $0.02, American Banking News.com reports. The company had revenue of $745.00 million for the quarter, compared to the consensus estimate of $735.55 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Toro updated its Q3 guidance to $0.82 EPS and its FY14 guidance to $2.90-2.95 EPS.

Toro (NYSE:TTC) opened at 62.39 on Thursday. Toro has a 52 week low of $44.17 and a 52 week high of $67.35. The stock’s 50-day moving average is $63.39 and its 200-day moving average is $62.92. The company has a market cap of $3.519 billion and a P/E ratio of 24.68.

The company also recently declared a quarterly dividend, which is scheduled for Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, June 25th.

The Toro Company (NYSE:TTC) designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, agricultural micro-irrigation systems, landscaping equipment and lighting, and residential yard and snow removal products.

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