Toll Brothers (NYSE:TOL) will be issuing its quarterly earnings data after the market closes on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.77 per share for the quarter.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.13. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect Toll Brothers to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NYSE:TOL opened at $37.95 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 7.74 and a quick ratio of 1.21. Toll Brothers has a 1 year low of $28.68 and a 1 year high of $43.83. The stock has a market cap of $5.58 billion, a PE ratio of 8.06, a PEG ratio of 0.98 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, April 11th. Toll Brothers’s dividend payout ratio is presently 9.34%.
TOL has been the subject of a number of analyst reports. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, February 13th. Zelman & Associates upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Raymond James set a $40.00 price target on Toll Brothers and gave the stock a “buy” rating in a report on Friday, March 1st. Credit Suisse Group restated a “hold” rating and issued a $37.00 price target on shares of Toll Brothers in a report on Friday, February 15th. Finally, Mizuho cut Toll Brothers from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $46.00 to $39.00 in a report on Wednesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Toll Brothers presently has a consensus rating of “Hold” and an average price target of $40.14.
In other news, CFO Martin P. Connor sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $38.94, for a total transaction of $155,760.00. Following the completion of the transaction, the chief financial officer now directly owns 72,504 shares in the company, valued at approximately $2,823,305.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Richard T. Hartman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $37.18, for a total value of $371,800.00. Following the transaction, the president now owns 76,461 shares of the company’s stock, valued at $2,842,819.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,000 shares of company stock valued at $679,320. Company insiders own 9.69% of the company’s stock.
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About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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