$1.29 EPS Expected for Toll Brothers Inc (NYSE:TOL) This Quarter

Brokerages expect Toll Brothers Inc (NYSE:TOL) to announce earnings of $1.29 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Toll Brothers’ earnings. The lowest EPS estimate is $1.23 and the highest is $1.39. Toll Brothers posted earnings per share of $2.08 in the same quarter last year, which would indicate a negative year over year growth rate of 38%. The company is scheduled to issue its next quarterly earnings results on Tuesday, December 3rd.

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According to Zacks, analysts expect that Toll Brothers will report full-year earnings of $3.91 per share for the current year, with EPS estimates ranging from $3.85 to $4.00. For the next fiscal year, analysts anticipate that the business will post earnings of $4.06 per share, with EPS estimates ranging from $3.54 to $4.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Toll Brothers.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Toll Brothers had a return on equity of 14.26% and a net margin of 9.57%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 EPS.

TOL has been the subject of several recent research reports. SunTrust Banks initiated coverage on Toll Brothers in a report on Monday, August 12th. They set a “hold” rating and a $37.00 price objective for the company. Raymond James raised Toll Brothers from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $1.00 to $45.00 in a report on Wednesday, September 25th. Susquehanna Bancshares cut Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Monday, October 14th. Wells Fargo & Co cut Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Thursday, August 22nd. Finally, Bank of America set a $39.00 price target on Toll Brothers and gave the company a “hold” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Toll Brothers has an average rating of “Hold” and an average target price of $38.25.

In related news, CAO Michael J. Grubb sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $40.96, for a total value of $40,960.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,283 shares in the company, valued at approximately $93,511.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 46,875 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $38.30, for a total value of $1,795,312.50. Following the completion of the transaction, the chief executive officer now owns 345,273 shares of the company’s stock, valued at $13,223,955.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,008 shares of company stock valued at $6,113,365. 9.69% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commerce Bank grew its position in shares of Toll Brothers by 3.1% in the 2nd quarter. Commerce Bank now owns 11,266 shares of the construction company’s stock valued at $412,000 after purchasing an additional 337 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Toll Brothers by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,530 shares of the construction company’s stock valued at $679,000 after purchasing an additional 345 shares during the period. MML Investors Services LLC grew its position in shares of Toll Brothers by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 23,230 shares of the construction company’s stock valued at $851,000 after purchasing an additional 349 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Toll Brothers by 4.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,428 shares of the construction company’s stock valued at $272,000 after purchasing an additional 350 shares during the period. Finally, United Capital Management of KS Inc. grew its position in shares of Toll Brothers by 3.0% in the 2nd quarter. United Capital Management of KS Inc. now owns 11,958 shares of the construction company’s stock valued at $442,000 after purchasing an additional 353 shares during the period. Institutional investors and hedge funds own 83.16% of the company’s stock.

NYSE:TOL traded up $0.55 on Friday, hitting $39.72. 953,534 shares of the stock were exchanged, compared to its average volume of 1,748,252. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.12 and a beta of 0.92. Toll Brothers has a 52 week low of $29.25 and a 52 week high of $41.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.21 and a current ratio of 7.43. The company’s 50-day moving average price is $40.02 and its 200 day moving average price is $37.61.

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.11%. Toll Brothers’s dividend payout ratio (DPR) is presently 9.34%.

Toll Brothers Company Profile

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.

Further Reading: Diluted Earnings Per Share

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

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