Streetbeat News

TORO

Toro Corp.

https://www.torocorp.com

Industry

Marine Shipping

Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus.

Open

2.56

Mkt cap

48M

Volume

14K

High

2.57

P/E Ratio

0.88

52-wk high

6.06

Low

2.52

Div yield

N/A

52-wk low

2.25

Toro (TTC) reported Q1 earnings of $0.65 per share, surpassing the Zacks Consensus Estimate of $0.63 per share. This is a slight increase from the $0.64 per share reported a year ago.

Portfolio Pulse from

March 06, 2025 | 4:00 pm

Toro Corp. plans to spin off its Handysize tanker business into a new entity, Robin Energy Ltd., with shares distributed to Toro shareholders. Robin Energy will seek a Nasdaq listing.

Portfolio Pulse from

February 28, 2025 | 10:15 pm

Toro Company is focusing on higher-margin products and innovation in autonomous machinery to drive profitability amidst tariff challenges. Despite flat revenue growth, Toro aims for stable investor returns with a 3.5% growth in free cash flows. The company is implementing cost controls and restructuring to achieve $100M in annual savings and a 14% adjusted operating margin by 2026.

Portfolio Pulse from

December 20, 2024 | 10:15 pm

Toro's Q4 earnings missed estimates, but the company reported a year-over-year increase in net sales, particularly in its Professional segment. Toro projects fiscal 2025 net sales growth of 0-1% and adjusted EPS between $4.25 and $4.40.

Portfolio Pulse from

December 19, 2024 | 2:30 pm

The Toro Company (TTC) held its Q4 2024 earnings call, discussing financial results and company performance. Key participants included company executives and analysts from various research firms.

Portfolio Pulse from

December 18, 2024 | 10:30 pm

The Toro Company (TTC) experienced a decline in share prices after missing sales estimates and providing weak guidance due to challenging economic conditions.

Portfolio Pulse from

December 18, 2024 | 5:30 pm

Toro (TTC) reported Q4 earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.96. This is an improvement from $0.71 per share a year ago.

Portfolio Pulse from

December 18, 2024 | 4:00 pm

The Toro Company announced its fourth-quarter and full-year fiscal 2024 financial results, highlighting record net sales. The growth was primarily driven by strong performance in the residential segment, underground construction, and golf.

Portfolio Pulse from

December 18, 2024 | 1:45 pm

The Toro Company has announced an increase in its regular quarterly cash dividend, signaling confidence in its financial health and commitment to returning value to shareholders.

Portfolio Pulse from

December 10, 2024 | 9:45 pm

Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

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