$1.18 Billion in Sales Expected for Toll Brothers Inc (TOL) This Quarter

Wall Street brokerages expect Toll Brothers Inc (NYSE:TOL) to post $1.18 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Toll Brothers’ earnings. The highest sales estimate is $1.23 billion and the lowest is $1.16 billion. Toll Brothers posted sales of $920.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.2%. The firm is expected to report its next earnings results before the market opens on Tuesday, February 27th.

On average, analysts expect that Toll Brothers will report full year sales of $1.18 billion for the current financial year, with estimates ranging from $6.83 billion to $6.95 billion. For the next financial year, analysts anticipate that the business will post sales of $7.71 billion per share, with estimates ranging from $7.28 billion to $8.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Toll Brothers.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. Toll Brothers’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS.

Several research firms recently issued reports on TOL. ValuEngine upgraded shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, February 6th. Wedbush boosted their target price on shares of Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, December 29th. Mizuho set a $52.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, UBS Group restated a “buy” rating and issued a $58.00 target price (up previously from $53.00) on shares of Toll Brothers in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $51.19.

Toll Brothers (NYSE:TOL) opened at $45.31 on Tuesday. The stock has a market cap of $6,845.66, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.80 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. Toll Brothers has a fifty-two week low of $31.05 and a fifty-two week high of $52.73.

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 10.03%.

In other Toll Brothers news, Director Richard J. Braemer sold 20,000 shares of Toll Brothers stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the sale, the director now directly owns 82,873 shares of the company’s stock, valued at $3,857,738.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Joseph R. Sicree sold 4,500 shares of Toll Brothers stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.48, for a total transaction of $231,660.00. Following the completion of the sale, the chief accounting officer now directly owns 24,197 shares of the company’s stock, valued at $1,245,661.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,950 shares of company stock valued at $5,841,012. Insiders own 9.01% of the company’s stock.

Large investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its position in shares of Toll Brothers by 5.2% during the third quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock worth $13,674,000 after acquiring an additional 16,441 shares in the last quarter. Lyell Wealth Management LP increased its position in shares of Toll Brothers by 3.0% during the third quarter. Lyell Wealth Management LP now owns 89,250 shares of the construction company’s stock worth $3,701,000 after acquiring an additional 2,625 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Toll Brothers by 23.3% during the third quarter. Parametric Portfolio Associates LLC now owns 303,167 shares of the construction company’s stock worth $12,572,000 after acquiring an additional 57,261 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Toll Brothers by 118.8% during the third quarter. Toronto Dominion Bank now owns 8,524 shares of the construction company’s stock worth $354,000 after acquiring an additional 4,628 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Toll Brothers by 73.2% during the third quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock worth $5,205,000 after acquiring an additional 53,045 shares in the last quarter. 88.11% of the stock is owned by institutional investors.

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About Toll Brothers

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

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