Analysts predict that Toll Brothers Inc (NYSE:TOL) will report $2.33 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Toll Brothers’ earnings, with the highest sales estimate coming in at $2.41 billion and the lowest estimate coming in at $2.31 billion. Toll Brothers posted sales of $2.03 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 14.8%. The company is scheduled to issue its next earnings results on Tuesday, December 4th.
According to Zacks, analysts expect that Toll Brothers will report full-year sales of $7.02 billion for the current fiscal year, with estimates ranging from $6.99 billion to $7.09 billion. For the next financial year, analysts expect that the company will post sales of $7.85 billion, with estimates ranging from $7.38 billion to $8.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover 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 for the quarter, beating the consensus estimate of $1.03 by $0.23. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $0.87 EPS. Toll Brothers’s quarterly revenue was up 27.3% on a year-over-year basis.
Several research firms recently weighed in on TOL. Raymond James reaffirmed a “buy” rating and issued a $44.00 price objective (down from $50.00) on shares of Toll Brothers in a research note on Thursday, August 23rd. Mizuho set a $46.00 price objective on Toll Brothers and gave the company a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine raised Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Finally, Bank of America raised their price objective on Toll Brothers from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $50.26.
In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the firm’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total transaction of $639,880.00. Following the completion of the transaction, the director now owns 99,598 shares of the company’s stock, valued at $3,748,868.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.78% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. United Services Automobile Association boosted its holdings in shares of Toll Brothers by 48.5% during the second quarter. United Services Automobile Association now owns 79,184 shares of the construction company’s stock worth $2,929,000 after purchasing an additional 25,855 shares during the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Toll Brothers during the second quarter worth $2,337,000. Northern Trust Corp boosted its holdings in shares of Toll Brothers by 0.3% during the second quarter. Northern Trust Corp now owns 1,304,743 shares of the construction company’s stock worth $48,263,000 after purchasing an additional 3,750 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Toll Brothers by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 3,490,892 shares of the construction company’s stock worth $129,127,000 after purchasing an additional 309,953 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Toll Brothers by 17.0% during the second quarter. Advisors Asset Management Inc. now owns 15,745 shares of the construction company’s stock worth $582,000 after purchasing an additional 2,287 shares during the last quarter. 81.91% of the stock is owned by institutional investors.
NYSE TOL traded down $0.81 during mid-day trading on Monday, hitting $33.55. The stock had a trading volume of 3,199,101 shares, compared to its average volume of 2,347,056. Toll Brothers has a 52-week low of $33.47 and a 52-week high of $52.73. The company has a market capitalization of $5.19 billion, a P/E ratio of 10.63, a PEG ratio of 0.49 and a beta of 1.34. 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, October 12th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, October 11th. Toll Brothers’s payout ratio is 13.88%.
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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