The Latest Breaking News from Residential

Baird has decided to maintain its Outperform rating of AZEK Co (NYSE:AZEK) and lower its price target from $30.00 to $28.00. Shares of AZEK Co are trading down 13.06% over the last 24 hours, at $15.95 per share. A move to $28.00 would account for a 75.6% increase from the…

Toro Co (NYSE:TTC) reported second-quarter FY22 sales growth of 8.7% year-over-year to $1.25 billion, missing the consensus of $1.27 billion. Adjusted EPS was $1.25, beating the consensus of $1.23. Sales by segments: Professional $925.8 million (+11.8% Y/Y), and Residential $319.7 million (+1.5% Y/Y). The gross margin reduced to 32.4%, from 35.1% in…

Charter Communications, Inc (NASDAQ:CHTR) reported first-quarter FY22 revenue growth of 5.4% year-on-year to $13.20 billion, marginally missing the consensus of $13.21 billion. Revenue growth of 3.7% in Residential, 40.2% in Mobile, and 4.3% in Commercial drove the top-line performance. Charter added 164,000 residential Internet customers, compared to 334,000 last year. Residential video customers…

Toro Co (NYSE:TTC) reported first-quarter FY22 sales growth of 6.8% year-over-year to $932.65 million, missing the consensus of $967.83 million. Adjusted EPS was $0.66, beating the consensus of $0.62. Sales by segments: Professional $672.89 million (+3.5% Y/Y), and Residential $255.4 million (+17.3% Y/Y). Operating earnings reduced by 35.2% Y/Y to $91.63 million,…