Toll Brothers, Inc. to Post Q4 2021 Earnings of $2.51 Per Share, Seaport Res Ptn Forecasts (NYSE:TOL)

Toll Brothers, Inc. (NYSE:TOL) – Analysts at Seaport Res Ptn lifted their Q4 2021 EPS estimates for shares of Toll Brothers in a report issued on Tuesday, October 19th. Seaport Res Ptn analyst M. Weintraub now anticipates that the construction company will post earnings of $2.51 per share for the quarter, up from their previous forecast of $2.36. Seaport Res Ptn currently has a “Neutral” rating on the stock. Seaport Res Ptn also issued estimates for Toll Brothers’ FY2022 earnings at $8.55 EPS.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, August 23rd. The construction company reported $1.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.33. Toll Brothers had a net margin of 7.94% and a return on equity of 13.30%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business posted $0.90 earnings per share. Toll Brothers’s quarterly revenue was up 36.6% compared to the same quarter last year.

Several other research firms have also issued reports on TOL. Zacks Investment Research lowered shares of Toll Brothers from a “buy” rating to a “hold” rating and set a $63.00 target price for the company. in a report on Wednesday, August 4th. Citigroup lowered their target price on shares of Toll Brothers from $70.00 to $64.00 and set a “neutral” rating for the company in a report on Monday, September 27th. Barclays lifted their target price on shares of Toll Brothers from $62.00 to $67.00 and gave the company an “underweight” rating in a report on Thursday, August 26th. BTIG Research upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating in a report on Monday, June 28th. Finally, The Goldman Sachs Group lowered their target price on shares of Toll Brothers from $59.00 to $55.00 and set a “sell” rating for the company in a report on Wednesday, June 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $65.03.

Shares of TOL opened at $60.44 on Friday. The company has a 50-day simple moving average of $60.06 and a two-hundred day simple moving average of $59.85. Toll Brothers has a one year low of $40.95 and a one year high of $68.88. The firm has a market capitalization of $7.36 billion, a PE ratio of 11.65 and a beta of 1.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 5.18 and a quick ratio of 0.94.

A number of large investors have recently bought and sold shares of TOL. Panagora Asset Management Inc. grew its position in Toll Brothers by 14.5% in the 1st quarter. Panagora Asset Management Inc. now owns 11,130 shares of the construction company’s stock worth $631,000 after purchasing an additional 1,408 shares during the period. Geode Capital Management LLC grew its position in Toll Brothers by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 1,411,088 shares of the construction company’s stock worth $80,051,000 after purchasing an additional 10,248 shares during the period. Northern Trust Corp grew its position in shares of Toll Brothers by 5.0% during the 1st quarter. Northern Trust Corp now owns 967,634 shares of the construction company’s stock valued at $54,894,000 after acquiring an additional 46,387 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Toll Brothers during the 1st quarter valued at $1,066,000. Finally, Federated Hermes Inc. grew its position in shares of Toll Brothers by 101.0% during the 1st quarter. Federated Hermes Inc. now owns 38,531 shares of the construction company’s stock valued at $2,186,000 after acquiring an additional 19,363 shares during the period. 85.99% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which was paid on Friday, October 22nd. Shareholders of record on Friday, October 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, October 7th. Toll Brothers’s dividend payout ratio (DPR) is presently 20.00%.

Toll Brothers Company Profile

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

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Earnings History and Estimates for Toll Brothers (NYSE:TOL)

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