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

2.32

Mkt cap

44M

Volume

31K

High

2.39

P/E Ratio

0.81

52-wk high

6.04

Low

2.25

Div yield

N/A

52-wk low

2.25

Toro's stock is at its lowest P/E valuation in 12 years due to stalled sales growth, particularly in the Residential segment. The Professional segment may also face challenges as order backlogs decrease and infrastructure spending slows. Despite a strong balance sheet and free cash flow, macroeconomic headwinds and slow growth prospects justify a Hold rating.

Portfolio Pulse from

March 07, 2025 | 8:15 am

The Toro Company (TTC) stock fell to a 4-year low after reporting its fiscal Q1 2025 financial results.

Portfolio Pulse from

March 06, 2025 | 9:30 pm

The Toro Company (TTC) held its Q1 2025 earnings conference call, discussing financial results and company performance. Key participants included CEO Rick Olson and CFO Angie Drake.

Portfolio Pulse from

March 06, 2025 | 8:15 pm

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

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