Zacks: Brokerages Anticipate Toll Brothers, Inc. (NYSE:TOL) to Announce $1.57 EPS

Equities research analysts forecast that Toll Brothers, Inc. (NYSE:TOLGet Rating) will report earnings of $1.57 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Toll Brothers’ earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $2.21. Toll Brothers reported earnings per share of $1.01 during the same quarter last year, which would indicate a positive year-over-year growth rate of 55.4%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Toll Brothers will report full year earnings of $10.02 per share for the current financial year, with EPS estimates ranging from $9.85 to $10.20. For the next financial year, analysts forecast that the firm will report earnings of $11.27 per share, with EPS estimates ranging from $9.08 to $12.88. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Toll Brothers.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The construction company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.12. Toll Brothers had a return on equity of 17.19% and a net margin of 9.86%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year.

A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating and set a $56.00 price objective on the stock. in a report on Monday, February 28th. UBS Group raised Toll Brothers from a “neutral” rating to a “buy” rating in a report on Thursday, February 24th. They noted that the move was a valuation call. StockNews.com initiated coverage on shares of Toll Brothers in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James lowered their target price on shares of Toll Brothers from $84.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Finally, Royal Bank of Canada decreased their target price on shares of Toll Brothers from $75.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Monday, January 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.00.

TOL stock opened at $45.60 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.73 and a current ratio of 5.00. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.30 and a beta of 1.60. Toll Brothers has a fifty-two week low of $44.84 and a fifty-two week high of $75.61. The stock has a fifty day moving average of $50.04 and a 200-day moving average of $58.88.

The business also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Friday, April 8th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, April 7th. Toll Brothers’s payout ratio is presently 11.20%.

Institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Toll Brothers by 25.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,032 shares of the construction company’s stock worth $75,000 after purchasing an additional 207 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Toll Brothers by 20.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,405 shares of the construction company’s stock worth $102,000 after buying an additional 235 shares in the last quarter. Leuthold Group LLC raised its position in shares of Toll Brothers by 0.3% during the 3rd quarter. Leuthold Group LLC now owns 91,638 shares of the construction company’s stock valued at $5,067,000 after acquiring an additional 244 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in shares of Toll Brothers by 7.2% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 3,700 shares of the construction company’s stock valued at $205,000 after buying an additional 250 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of Toll Brothers by 111.1% in the 4th quarter. Lindbrook Capital LLC now owns 475 shares of the construction company’s stock valued at $34,000 after buying an additional 250 shares in the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Company Profile (Get Rating)

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of 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 condominiums through Toll Brothers City Living.

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