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MarketScreener Homepage  >  Equities  >  Nyse  >  Toro Co    TTC

TORO CO (TTC)
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Toro : Awarded National Contract by The National Joint Powers Alliance® (NJPA)

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09/20/2017 | 03:00pm EST

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BLOOMINGTON, Minn. - The Toro Company has officially been awarded a national cooperative contract by The National Joint Powers Alliance® (NJPA) for commercial turf maintenance equipment, commercial and residential irrigation solutions, residential and landscape contractor products, and BOSS® snow and ice management products. The multi-award contract was approved on August 18, 2017.

The new contract is valid for use in both the United States and Canada, which marks the first cooperative contract option applicable in Canada for the popular turf care and landscape equipment manufacturer. The contract is valid in all areas where local laws and statutes allow cooperative purchasing.

'We're excited about the opportunities that this new partnership with NJPA will produce,' explains Richard M. Olson, president and CEO of The Toro Company. 'Offering top-quality Toro equipment to the 40,000+ members of NJPA means that municipalities, educational entities and non-profit organizations across the continent will now have increased access to a diverse lineup of Toro and BOSS products.'

NJPA serves the governmental, educational and non-profit sectors, and prospective suppliers go through a rigorous application and selection process to ensure that NJPA continues to connect their members with premium providers.

'The Toro contract represents and demonstrates the exceptional quality and performance that our members have come to expect from NJPA contracts,' said Tony Glenz, contract manager at NJPA. 'We're committed to continuing to offer the best solutions to our members, and this new partnership with Toro will help do just that.'

The Toro award is classified under contract number #062117-TTC with NJPA. For more information on Toro products, please visit www.toro.com. For more information on BOSS products, please visit www.bossplow.com.

The Toro Company published this content on 20 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 September 2017 18:59:04 UTC.

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Financials ($)
Sales 2019 2 771 M
EBIT 2019 401 M
Net income 2019 314 M
Finance 2019 29,2 M
Yield 2019 4,79%
P/E ratio 2019 20,19
P/E ratio 2020 18,30
EV / Sales 2019 2,26x
EV / Sales 2020 2,12x
Capitalization 6 291 M
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Technical analysis trends TORO CO
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 6
Average target price 62,0 $
Spread / Average Target 4,3%
EPS Revisions
Managers
NameTitle
Richard M. Olson Chairman, President & Chief Executive Officer
Renee J. Peterson Treasurer, CFO, Principal Accounting Officer & VP
Kurt D. Svendsen Vice President-Information Services
Janet Katherine Cooper Independent Director
Gregg W. Steinhafel Independent Director
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