5 Stocks On Investors’ Radar After Posting Their Financial Results

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In this article, we discuss the 5 stocks on investors’ radar after posting their financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks On Investors’ Radar After Posting Their Financial Results.

5. The Toro Company (NYSE:TTC)

Number of Hedge Fund Holders: 29

The Toro Company (NYSE:TTC) recently came into the spotlight after announcing better-than-expected financial results for its fiscal fourth quarter. The manufacturer of turf maintenance equipment reported adjusted earnings of 56 cents per share, compared to 64 cents per share in the year-ago quarter.

Analysts were expecting The Toro Company (NYSE:TTC) to report earnings of 53 cents per share. Revenue for the quarter rose 14.2 percent on a year-over-year basis to $960.7 million, beating expectations of $956 million.

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Looking forward, The Toro Company (NYSE:TTC) expects adjusted earnings in the range of $3.90 – $4.10 per share and revenue growth of 8 – 10 percent for its fiscal year 2022.

Speaking on the results, CEO of The Toro Company (NYSE:TTC), Richard Olson, said in a statement:

“We exceeded our top- and bottom-line guidance for fiscal 2021, driving double-digit net sales growth for both the quarter and full-year for our professional and residential segments. We delivered these solid results, despite global supply chain challenges and inflationary pressures.”

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