Brokerages forecast that Toll Brothers Inc (NYSE:TOL) will announce earnings per share of $0.45 for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Toll Brothers’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.41. Toll Brothers reported earnings per share of $0.76 in the same quarter last year, which would indicate a negative year-over-year growth rate of 40.8%. The company is expected to announce its next quarterly earnings results on Tuesday, February 25th.
On average, analysts expect that Toll Brothers will report full year earnings of $3.92 per share for the current financial year, with EPS estimates ranging from $3.51 to $4.25. For the next fiscal year, analysts expect that the firm will post earnings of $4.51 per share, with EPS estimates ranging from $4.05 to $4.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Toll Brothers.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.12. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Toll Brothers had a net margin of 8.17% and a return on equity of 11.83%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.08 earnings per share.
TOL has been the topic of several analyst reports. Susquehanna Bancshares lowered Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research note on Monday, October 14th. Raymond James upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $1.00 to $45.00 in a research report on Wednesday, September 25th. ValuEngine raised Toll Brothers from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Evercore ISI lowered shares of Toll Brothers from an “in-line” rating to an “underperform” rating and lifted their price objective for the stock from $39.00 to $40.00 in a research note on Monday, January 6th. Finally, Goldman Sachs Group started coverage on shares of Toll Brothers in a report on Friday, December 6th. They set a “neutral” rating and a $42.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Toll Brothers has a consensus rating of “Hold” and a consensus target price of $39.00.
In other news, Director Christine Garvey sold 16,954 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.76, for a total transaction of $691,045.04. Following the completion of the transaction, the director now directly owns 3,335 shares of the company’s stock, valued at $135,934.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.69% of the company’s stock.
Large investors have recently modified their holdings of the company. Boston Partners grew its holdings in Toll Brothers by 72.2% during the 2nd quarter. Boston Partners now owns 3,826,466 shares of the construction company’s stock worth $140,118,000 after acquiring an additional 1,604,139 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Toll Brothers by 10.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,657,961 shares of the construction company’s stock worth $314,359,000 after purchasing an additional 701,583 shares during the period. Marshall Wace LLP bought a new stake in shares of Toll Brothers in the 2nd quarter valued at $19,292,000. Nuveen Asset Management LLC boosted its stake in shares of Toll Brothers by 289.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 499,040 shares of the construction company’s stock valued at $18,273,000 after purchasing an additional 371,040 shares during the last quarter. Finally, Man Group plc increased its position in shares of Toll Brothers by 853.8% during the third quarter. Man Group plc now owns 375,625 shares of the construction company’s stock worth $15,419,000 after buying an additional 336,245 shares during the period. Institutional investors own 85.44% of the company’s stock.
Shares of Toll Brothers stock traded down $0.46 during trading on Friday, reaching $44.18. 1,716,957 shares of the company were exchanged, compared to its average volume of 2,090,359. The business has a 50-day moving average price of $40.51 and a 200-day moving average price of $38.68. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.26 and a beta of 0.88. The company has a quick ratio of 1.44, a current ratio of 7.06 and a debt-to-equity ratio of 0.77. Toll Brothers has a twelve month low of $33.52 and a twelve month high of $44.91.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, January 9th. Toll Brothers’s dividend payout ratio is 10.92%.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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