Analysts forecast that Toll Brothers (NYSE:TOL) will report $1.57 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Toll Brothers’ earnings, with estimates ranging from $1.52 billion to $1.59 billion. Toll Brothers reported sales of $1.36 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The company is scheduled to announce its next earnings report on Tuesday, May 22nd.
On average, analysts expect that Toll Brothers will report full year sales of $6.94 billion for the current fiscal year, with estimates ranging from $6.80 billion to $7.21 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $8.04 billion per share, with estimates ranging from $7.33 billion to $9.32 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Toll Brothers.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.09. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue was up 27.7% compared to the same quarter last year.
Several brokerages have weighed in on TOL. ValuEngine lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Mizuho set a $54.00 target price on Toll Brothers and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 target price on shares of Toll Brothers in a research report on Wednesday, January 24th. UBS reaffirmed a “buy” rating and issued a $58.00 target price (up from $53.00) on shares of Toll Brothers in a research report on Wednesday, January 17th. Finally, Wedbush increased their target price on Toll Brothers from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, December 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Toll Brothers presently has an average rating of “Buy” and an average target price of $50.75.
In other news, CFO Martin P. Connor sold 12,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $51.83, for a total value of $621,960.00. Following the completion of the transaction, the chief financial officer now owns 55,357 shares of the company’s stock, valued at $2,869,153.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.78% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TOL. Millennium Management LLC increased its holdings in shares of Toll Brothers by 803.5% during the 4th quarter. Millennium Management LLC now owns 2,045,499 shares of the construction company’s stock valued at $98,225,000 after acquiring an additional 1,819,100 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $38,887,000. Capital Growth Management LP grew its stake in Toll Brothers by 410.5% in the fourth quarter. Capital Growth Management LP now owns 970,000 shares of the construction company’s stock valued at $46,579,000 after acquiring an additional 780,000 shares during the period. Two Sigma Advisers LP acquired a new position in Toll Brothers in the fourth quarter valued at about $33,353,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in Toll Brothers in the fourth quarter valued at about $24,333,000. 86.03% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE TOL opened at $41.37 on Friday. Toll Brothers has a 1-year low of $35.07 and a 1-year high of $52.73. The company has a current ratio of 7.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $6,656.57, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.74 and a beta of 1.38.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a $0.11 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.44 annualized dividend and a dividend yield of 1.06%. Toll Brothers’s dividend payout ratio is presently 13.88%.
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Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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