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 (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

Toro (NASDAQ:TORO) reported a significant decline in its Q2 earnings and sales. The company's EPS dropped from $0.94 to $0.001, and sales fell from $24.86 million to $5.47 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:02 pm

Toro reported a Q1 EPS of $0.51, an increase from $0.35 YoY. However, their total vessel revenues saw a significant decrease to $7.00M from $31.15M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:03 pm

Toro reported a decrease in Q4 earnings per share from $0.62 last year to $0.56 this year, alongside a significant drop in sales from $38.03M to $11.92M YoY.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 2:11 pm

In Tuesday's after-market session, several industrial stocks saw movements. Gainers included Aqua Metals (AQMS), Northann (NCL), TuSimple Hldgs (TSP), Agrify (AGFY), C3is (CISS), and Knightscope (KSCP), with increases ranging from 2.48% to 9.4%. Losers were American Superconductor (AMSC), iSun (ISUN), Nuvve Holding (NVVE), Guardforce AI Co (GFAI), Toro (TORO), and Swvl Hldgs (SWVL), with declines between 2.55% and 11.0%. Notably, AMSC's drop followed its Q3 earnings report released four days ago.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 9:31 pm

In Tuesday's pre-market session, several industrial stocks showed significant movement. Agrify (AGFY) saw a substantial increase of 60.6%, while Sidus Space (SIDU) experienced a sharp decline of 45.3%. Other notable gainers include C3is (CISS), Mega Matrix (MPU), AERWINS Technologies (AWIN), Greenwave Tech Solns (GWAV), and Innodata (INOD). On the losing side, View (VIEW), Toro (TORO), Exela Technologies (XELA), Addentax Group (ATXG), and United Parcel Service (UPS) saw their stock prices fall, with UPS reporting Q4 earnings.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 1:05 pm

Toro Corp. (NASDAQ:TORO) has entered into an agreement to sell the M/T Wonder Sirius tanker for $33.8 million, with an expected net gain of $20.9 million. The delivery to the new owner is scheduled for the first quarter of 2024, and the gain will be recorded in the same quarter, excluding transaction costs.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:10 pm

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