The Toro Company (TTC) Tops Q2 EPS by 1c; Updates FY16 EPS Outlook; Declares Two-for-One Stock Split

The Toro Company (NYSE: TTC) reported Q2 EPS of $1.00, $0.01 better than the analyst estimate of $0.99. Revenue for the quarter came in at $601 million versus the consensus estimate of $623.79 million.

Toro also announced today that its Board of Directors has declared a two-for-one split of the company’s common stock, which will be effected in the form of a 100 percent stock dividend. The stock dividend will be distributed on September 16, 2016, to shareholders of record as of September 1, 2016.

GUIDANCE:

The Toro Company sees FY2016 EPS of $3.95-$4.00, versus the consensus of $4.00.

For earnings history and earnings-related data on The Toro Company (TTC) click here.

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