Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Toro Company as such a stock due to the following factors:
- TTC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.8 million.
- TTC has traded 85,613 shares today.
- TTC is trading at a new lifetime high.
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More details on TTC:
The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. The stock currently has a dividend yield of 0.9%. TTC has a PE ratio of 23.6. Currently there are no analysts that rate Toro Company a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Toro Company has been 165,300 shares per day over the past 30 days. Toro has a market cap of $3.4 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 0.67 and a short float of 1.5% with 6.53 days to cover. Shares are up 40.1% year to date as of the close of trading on Wednesday.
rates Toro Company as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 19.7%. Since the same quarter one year prior, revenues slightly increased by 1.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 44.13% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, TTC should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- TORO CO's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TORO CO increased its bottom line by earning $2.13 versus $1.84 in the prior year. This year, the market expects an improvement in earnings ($2.57 versus $2.13).
- The current debt-to-equity ratio, 0.59, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.89 is somewhat weak and could be cause for future problems.
- Net operating cash flow has significantly increased by 60.04% to $121.49 million when compared to the same quarter last year. Despite an increase in cash flow, TORO CO's cash flow growth rate is still lower than the industry average growth rate of 80.49%.
- You can view the full Toro Company Ratings Report.