$0.70 EPS Expected for Toll Brothers Inc. (NYSE:TOL) This Quarter
Brokerages expect Toll Brothers Inc. (NYSE:TOL) to announce earnings per share of $0.70 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Toll Brothers’ earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.64. Toll Brothers reported earnings of $0.62 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The company is scheduled to issue its next earnings report on Tuesday, August 22nd.
On average, analysts expect that Toll Brothers will report full-year earnings of $3.14 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.24. For the next fiscal year, analysts anticipate that the business will post earnings of $3.49 per share, with EPS estimates ranging from $3.30 to $3.75. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Toll Brothers.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS.
A number of equities analysts have recently commented on TOL shares. Zelman & Associates upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Mizuho started coverage on shares of Toll Brothers in a research report on Tuesday, May 16th. They issued a “buy” rating and a $44.00 price objective for the company. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, April 25th. BidaskClub upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Citigroup Inc. raised their price objective on shares of Toll Brothers from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Toll Brothers presently has an average rating of “Buy” and an average price target of $39.33.
In related news, insider Robert I. Toll sold 1,967 shares of Toll Brothers stock in a transaction on Friday, May 19th. The shares were sold at an average price of $38.00, for a total value of $74,746.00. Following the transaction, the insider now directly owns 7,420,317 shares of the company’s stock, valued at $281,972,046. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard J. Braemer sold 15,000 shares of Toll Brothers stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $37.74, for a total transaction of $566,100.00. Following the completion of the transaction, the director now directly owns 102,873 shares in the company, valued at $3,882,427.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 405,500 shares of company stock worth $15,531,221. 8.78% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Toll Brothers by 6.8% in the second quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock valued at $6,040,000 after buying an additional 9,723 shares during the last quarter. PGGM Investments purchased a new position in shares of Toll Brothers during the second quarter valued at approximately $1,470,000. First Citizens Bank & Trust Co. increased its position in shares of Toll Brothers by 29.6% in the second quarter. First Citizens Bank & Trust Co. now owns 12,924 shares of the construction company’s stock valued at $511,000 after buying an additional 2,951 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new position in shares of Toll Brothers during the second quarter valued at approximately $1,145,000. Finally, Mizuho Securities USA LLC purchased a new position in shares of Toll Brothers during the second quarter valued at approximately $759,000. 80.19% of the stock is currently owned by institutional investors.
Toll Brothers (TOL) opened at 39.79 on Wednesday. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07. The stock has a 50 day moving average of $39.04 and a 200 day moving average of $35.77. The firm has a market capitalization of $6.51 billion, a PE ratio of 16.41 and a beta of 1.52.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, July 12th. Toll Brothers’s payout ratio is 13.17%.
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Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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