Q3 EPS Estimates for Toll Brothers Raised by Zacks Research

Toll Brothers Inc. (NYSE:TOL) – Investment analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for shares of Toll Brothers in a note issued to investors on Monday, March 2nd. Zacks Research analyst Team now expects that the construction company will earn $3.52 per share for the quarter, up from their prior forecast of $3.43. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Toll Brothers’ current full-year earnings is $13.83 per share. Zacks Research also issued estimates for Toll Brothers’ Q4 2026 earnings at $4.27 EPS, FY2026 earnings at $12.51 EPS, Q1 2027 earnings at $1.95 EPS, Q2 2027 earnings at $3.14 EPS, Q3 2027 earnings at $4.17 EPS, FY2027 earnings at $14.33 EPS and FY2028 earnings at $16.83 EPS.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS.

Several other equities analysts have also recently commented on TOL. Evercore set a $174.00 target price on shares of Toll Brothers in a research note on Thursday, February 19th. BTIG Research assumed coverage on Toll Brothers in a research note on Monday, December 1st. They set a “neutral” rating for the company. Citigroup boosted their price objective on Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.25.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $153.46 on Tuesday. The stock has a market cap of $14.53 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.20 and a beta of 1.45. The firm’s 50-day simple moving average is $149.07 and its 200 day simple moving average is $141.17. Toll Brothers has a fifty-two week low of $86.67 and a fifty-two week high of $168.36. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is 7.14%.

Insider Buying and Selling

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares in the company, valued at $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Greenhaven Associates Inc. boosted its position in Toll Brothers by 0.4% during the 4th quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after acquiring an additional 22,218 shares during the period. Capital World Investors lifted its position in shares of Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after purchasing an additional 1,763,211 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Toll Brothers by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,901,015 shares of the construction company’s stock worth $400,745,000 after purchasing an additional 39,987 shares during the period. Finally, AQR Capital Management LLC grew its position in Toll Brothers by 83.1% during the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after purchasing an additional 1,183,304 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

• Positive Sentiment: Truist initiated coverage with a “Buy” rating and a $190 price target (~24% upside from current levels), providing a near-term bullish analyst catalyst. Article Title
• Positive Sentiment: Toll Brothers announced a new luxury community “Toll Brothers at Oakhill Reserve” near Tomball/Houston — expansion into high-demand Texas markets supports future lot sales and revenue visibility. Article Title
• Positive Sentiment: Grand opening of “Regency at Rockhill Ridge” (55+ active-adult community) in Sellersville, PA — diversifies product mix into active-adult segment and can accelerate closings in a stable demographic. Article Title
• Positive Sentiment: Grand opening of Toll Brothers at Quail Ridge in Ridgefield, WA — first community in that market increases local brand presence and sell-through opportunities. Article Title
• Positive Sentiment: Marketing/sales update: Toll Brothers announced final opportunities at the Mira Vista townhome community in San Diego — signaling tight inventory at that project and potential near-term closings. Article Title
• Positive Sentiment: Zacks raised several medium‑to‑longer‑term EPS estimates (notably FY2027 and FY2028 upgrades and some quarterly uplifts), which supports longer‑term earnings trajectory assumptions. Article Title
• Neutral Sentiment: Seeking Alpha published a cautious piece noting there’s “not enough conviction” to upgrade to a buy — useful for investor sentiment but not a direct operational update. Article Title
• Negative Sentiment: Zacks also issued a number of near‑term cuts (lowered Q1 2028, Q2 2026, Q2 2027 and some 2026/2027 quarter estimates) and maintains a “Hold” stance — the mixed revisions add uncertainty to short‑term earnings expectations. Article Title
• Negative Sentiment: Macro headwinds: Barron’s highlights rising mortgage rates and weaker pending/closed sales data, which weigh on builder stocks broadly and could pressure Toll Brothers’ demand and pricing if rates remain elevated. Article Title

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.