Wall Street analysts predict that Toll Brothers Inc (NYSE:TOL) will announce $1.68 billion in sales for the current quarter, Zacks reports. Six analysts have made estimates for Toll Brothers’ earnings. The highest sales estimate is $1.76 billion and the lowest is $1.64 billion. Toll Brothers reported sales of $1.91 billion in the same quarter last year, which indicates a negative year over year growth rate of 12%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 20th.
According to Zacks, analysts expect that Toll Brothers will report full year sales of $6.98 billion for the current financial year, with estimates ranging from $6.85 billion to $7.19 billion. For the next year, analysts expect that the business will report sales of $7.17 billion, with estimates ranging from $6.60 billion to $7.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Toll Brothers.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.10. Toll Brothers had a return on equity of 15.57% and a net margin of 10.01%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $0.72 earnings per share.
TOL has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and issued a $36.00 price target on shares of Zymeworks in a report on Thursday, May 30th. Barclays set a $54.00 price target on Lennar and gave the company a “buy” rating in a report on Thursday, March 28th. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Royal Bank of Canada set a $37.00 price target on Toll Brothers and gave the company a “hold” rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.84.
In other news, Director Carl B. Marbach sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $35.14, for a total transaction of $105,420.00. Following the completion of the transaction, the director now directly owns 85,463 shares of the company’s stock, valued at approximately $3,003,169.82. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward G. Boehne sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $37.01, for a total value of $629,170.00. Following the transaction, the director now directly owns 64,304 shares of the company’s stock, valued at $2,379,891.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,200 shares of company stock valued at $742,192. Corporate insiders own 9.69% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP raised its stake in Toll Brothers by 317.1% in the 4th quarter. Two Sigma Advisers LP now owns 751,994 shares of the construction company’s stock valued at $24,763,000 after purchasing an additional 571,700 shares during the last quarter. Globeflex Capital L P acquired a new position in Toll Brothers in the 1st quarter valued at $640,000. Brandywine Global Investment Management LLC raised its stake in Toll Brothers by 137.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 79,529 shares of the construction company’s stock valued at $2,619,000 after purchasing an additional 46,003 shares during the last quarter. Raymond James & Associates raised its stake in Toll Brothers by 138.5% in the 4th quarter. Raymond James & Associates now owns 110,774 shares of the construction company’s stock valued at $3,648,000 after purchasing an additional 64,326 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in Toll Brothers in the 1st quarter valued at $209,000. 81.21% of the stock is owned by hedge funds and other institutional investors.
NYSE:TOL traded down $0.15 during trading hours on Monday, reaching $36.31. The company had a trading volume of 64,390 shares, compared to its average volume of 1,450,009. Toll Brothers has a 1-year low of $28.68 and a 1-year high of $39.80. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 1.11 and a beta of 1.01. The stock has a 50 day moving average price of $36.64. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.30 and a current ratio of 7.68.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, July 11th. Toll Brothers’s payout ratio is 9.34%.
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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