Brokerages expect Toll Brothers Inc (NYSE:TOL) to report $1.84 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have provided estimates for Toll Brothers’ earnings. The lowest EPS estimate is $1.75 and the highest is $1.99. Toll Brothers posted earnings of $1.17 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 57.3%. The business is expected to issue its next earnings report on Tuesday, December 4th.
According to Zacks, analysts expect that Toll Brothers will report full-year earnings of $4.57 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.76. For the next fiscal year, analysts expect that the firm will post earnings of $5.31 per share, with EPS estimates ranging from $5.15 to $6.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Toll Brothers.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 21st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.23. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Toll Brothers had a net margin of 9.37% and a return on equity of 13.49%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS.
A number of equities analysts recently issued reports on the stock. Citigroup lowered their price objective on shares of Toll Brothers from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, June 20th. Raymond James reissued a “buy” rating and set a $44.00 target price (down from $50.00) on shares of Toll Brothers in a report on Thursday, August 23rd. ValuEngine lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Zelman & Associates lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. Finally, Zacks Investment Research lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.26.
In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $37.64, for a total transaction of $639,880.00. Following the sale, the director now directly owns 99,598 shares of the company’s stock, valued at approximately $3,748,868.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.01% of the company’s stock.
Large investors have recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Toll Brothers by 186.7% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock valued at $159,000 after purchasing an additional 2,800 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Toll Brothers in the 2nd quarter valued at $182,000. Parallel Advisors LLC boosted its stake in shares of Toll Brothers by 1,850.4% in the 2nd quarter. Parallel Advisors LLC now owns 5,227 shares of the construction company’s stock valued at $193,000 after purchasing an additional 4,959 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Toll Brothers in the 2nd quarter valued at $201,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of Toll Brothers in the 1st quarter valued at $203,000. 81.96% of the stock is currently owned by institutional investors.
TOL stock traded down $0.18 during trading on Tuesday, reaching $32.32. 24,092 shares of the company were exchanged, compared to its average volume of 2,380,942. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.46 and a beta of 1.35. Toll Brothers has a twelve month low of $31.49 and a twelve month high of $52.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 6.98 and a quick ratio of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, October 12th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, October 11th. Toll Brothers’s payout ratio is 13.88%.
About Toll Brothers
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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