Zacks: Analysts Anticipate Toll Brothers Inc (TOL) Will Announce Earnings of $0.65 Per Share

Equities analysts expect that Toll Brothers Inc (NYSE:TOL) will post earnings per share of $0.65 for the current quarter, according to Zacks. Six analysts have made estimates for Toll Brothers’ earnings. The highest EPS estimate is $0.73 and the lowest is $0.57. Toll Brothers reported earnings per share of $0.63 during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The business is expected to announce its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Toll Brothers will report full year earnings of $4.80 per share for the current financial year, with EPS estimates ranging from $4.15 to $5.15. For the next financial year, analysts expect that the firm will post earnings of $4.84 per share, with EPS estimates ranging from $3.81 to $5.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Toll Brothers.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, December 4th. The construction company reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.25. Toll Brothers had a net margin of 10.47% and a return on equity of 15.93%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business posted $1.17 EPS. Toll Brothers’s revenue for the quarter was up 21.1% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Bank of America increased their price target on shares of Toll Brothers from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Raymond James reissued a “buy” rating and set a $44.00 price target (down from $50.00) on shares of Toll Brothers in a report on Thursday, August 23rd. Barclays reissued a “sell” rating and set a $37.00 price target (down from $39.00) on shares of Toll Brothers in a report on Friday, September 14th. Finally, Mizuho set a $46.00 price target on shares of Toll Brothers and gave the stock a “buy” rating in a report on Friday, August 31st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Toll Brothers currently has an average rating of “Hold” and a consensus target price of $45.06.

In related news, CEO Douglas C. Jr. Yearley sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $33.59, for a total transaction of $251,925.00. Following the completion of the sale, the chief executive officer now directly owns 253,244 shares in the company, valued at $8,506,465.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 5,539 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $32.18, for a total transaction of $178,245.02. Following the sale, the director now owns 108,916 shares of the company’s stock, valued at $3,504,916.88. The disclosure for this sale can be found here. Company insiders own 9.01% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Korea Investment CORP increased its position in shares of Toll Brothers by 12.2% during the second quarter. Korea Investment CORP now owns 88,525 shares of the construction company’s stock valued at $3,275,000 after acquiring an additional 9,600 shares during the last quarter. Laurion Capital Management LP increased its position in shares of Toll Brothers by 63.6% during the second quarter. Laurion Capital Management LP now owns 74,498 shares of the construction company’s stock valued at $2,756,000 after acquiring an additional 28,969 shares during the last quarter. Andra AP fonden acquired a new stake in shares of Toll Brothers during the second quarter valued at about $7,971,000. Bank of Nova Scotia acquired a new stake in shares of Toll Brothers during the second quarter valued at about $1,531,000. Finally, Parsec Financial Management Inc. increased its position in shares of Toll Brothers by 4.3% during the third quarter. Parsec Financial Management Inc. now owns 68,544 shares of the construction company’s stock valued at $2,264,000 after acquiring an additional 2,823 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Shares of Toll Brothers stock opened at $32.32 on Wednesday. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 6.86, a P/E/G ratio of 0.43 and a beta of 1.16. Toll Brothers has a 12-month low of $28.68 and a 12-month high of $52.73. The company has a current ratio of 6.83, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, January 11th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, January 10th. Toll Brothers’s payout ratio is 9.34%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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