Key Developments: Toro Co (TTC.N)
46.25USD
17 May 2013
$-0.06 (-0.13%)
$46.31
$46.46
$46.75
$45.99
147,181
85,208
$48.59
$32.76
Latest Key Developments (Source: Significant Developments)
Toro Co Declares Regular Quarterly Cash Dividend
Toro Co announced that its board of directors has declared a regular quarterly cash dividend of $0.14 per share. This dividend is payable on April 15, 2013 to shareholders of record on March 28, 2013. Full Article
Toro Co Issues Q2 2013 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Toro Co updated its fiscal 2013 guidance and expects revenue growth of about 4% to 5% and net earnings to be about $2.40 to $2.45 per share. For second quarter of 2013, it expects net earnings per share of about $1.20. The Company reported revenue of $1.958 billion for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.055 billion and EPS of $2.44 for fiscal 2013; EPS of $1.19 for the second quarter of 2013. Full Article
Faruqi & Faruqi, LLP Launches An Investigation Against Toro Co For Potential Breaches Of Fiduciary Duties By Board Of Directors
Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of The Toro Co for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for an amendment to the Company`s Restated Certificate of Incorporation. Full Article
Toro Co Increases Quarterly Cash Dividend
Toro Co announced that board of directors has declared a quarterly cash dividend of $0.14 per share, an increase from the previous quarterly dividend rate of $0.11 per share. This dividend is payable on December 31, 2012, to shareholders of record on December 21, 2012. This accelerated quarterly dividend replaces the dividend that would have been payable in January 2013. Full Article
Toro Co Issues FY 2013 EPS Guidance Below Analysts' Estimates; Issues Q1 2013 EPS Guidance Above Analysts' Estimates; Comments On FY 2013 Revenue Guidance
Toro Co announced that for fiscal 2013, it expects revenue growth to be about 4% to 5%, and net earnings to be about $2.35 to $2.40 per share. For the first quarter of 2013, the company expects net earnings to be about $0.40 to $0.45 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.067 billion and EPS of $2.45 for fiscal 2013; EPS of $0.35 for the first quarter of 2013. Full Article
Toro Co Declares Regular Quarterly Dividend
Toro Co announced that its board of directors has declared a regular quarterly cash dividend of $0.11 per share. This dividend is payable on October 15, 2012 to shareholders of record on October 1, 2012. Full Article
Toro Co Lowers FY 2012 Guidance
Toro Co announced that for fiscal 2012, it expects revenue growth to be about 4%-5% and net earnings to be about $2.10 per share, which continues to include the $0.08 negative earnings per share impact for investments related to the Astec and Stone product-line acquisitions. The Company reported revenue of $1.884 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.014 billion and EPS of $2.16 for fiscal 2012. Full Article
The Toro Company Raises FY 2012 Guidance-Conference Call
The Toro Company raised its fiscal 2012 guidance and expects net earnings to be about $4.30 per share, which includes a $0.15 to $0.20 expense associated with the investment in the integration of Astec and Stone acquisitions. The Company is increasing its fiscal 2012, revenue guidance to between 7% and 8%. The Company reported revenues of $1.884 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $4.28 on revenues of $2.022 billion for fiscal 2012. Full Article
The Toro Company Declares Regular Quarterly Dividend
The Toro Company announced that its Board of Directors has declared a regular quarterly cash dividend of $0.22 per share. This dividend is payable on June 18, 2012 to shareholders of record on June 4, 2012. Full Article
The Toro Company Acquires Light Construction And Hardscape Product Assets Of Stone Construction Equipment, Inc
The Toro Company announced that it has acquired light construction and hardscape product assets of Stone Construction Equipment, Inc., which manufactured concrete and hardscape equipment for rental and construction companies. Terms of the transaction were not disclosed. Full Article
Codelco scales back slowly exposure to Chinese copper market
* China taking 30 pct of Codelco cathode sales, vs 32 pct last yr
Earnings vs. 
Estimates
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