Toll Brothers (NYSE:TOL) Posts Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Toll Brothers (NYSE:TOL) issued its quarterly earnings data on Tuesday. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24), Zacks reports. Toll Brothers had a return on equity of 18.52% and a net margin of 14.03%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion.

Toll Brothers Trading Down 5.9 %

NYSE TOL opened at $114.88 on Thursday. Toll Brothers has a 12 month low of $100.47 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.76. The firm’s fifty day moving average price is $129.49 and its 200 day moving average price is $141.58.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TOL. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Bank of America reduced their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group reduced their target price on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada downgraded shares of Toll Brothers to an “outperform” rating and set a $142.00 price objective on the stock. in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $154.29.

Insiders Place Their Bets

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. Insiders own 1.54% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.