Shares of The Toro Company (NYSE:TTC) scaled a new 52-week high of $69.57 on Jun 2, before retracing to close the day at $69.08.
This Bloomington, MN-based provider of turf and landscape maintenance equipment, as well as irrigation solutions for golf courses, has a market cap of roughly $7.43 billion. The average volume of shares traded in the last three months is around 489.5K.
The stock delivered a year-to-date return of around 23.8%. The company beat the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive surprise of 9.60%.
In the past one year, Toro outperformed the Zacks categorized Tools - Handheld industry. The company’s shares gained around 57.6% during this period as compared with roughly 22.1% growth recorded by the industry.
Driving Factors
Toro's share price has been on the rise since the company reported record second-quarter fiscal 2017 results on May 25. Toro reported second-quarter fiscal 2017 (ended May 5, 2017) results, wherein earnings improved over 14.9% to $1.08 per share from 94 cents recorded in the year-ago quarter. Further, earnings beat the Zacks Consensus Estimate of $1.03.
Toro Company Price and Consensus
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