Toll Brothers, Inc. (NYSE:TOL) Expected to Post Quarterly Sales of $2.14 Billion

Wall Street brokerages expect that Toll Brothers, Inc. (NYSE:TOL – Get Rating) will report sales of $2.14 billion for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Toll Brothers’ earnings, with estimates ranging from $2.03 billion to $2.53 billion. Toll Brothers posted sales of $1.93 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Toll Brothers will report full-year sales of $10.34 billion for the current year, with estimates ranging from $10.07 billion to $10.52 billion. For the next fiscal year, analysts expect that the company will post sales of $11.59 billion, with estimates ranging from $10.89 billion to $12.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Toll Brothers.

Toll Brothers (NYSE:TOL – Get Rating) last posted its earnings results on Tuesday, February 22nd. The construction company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis.

TOL has been the topic of several recent analyst reports. KeyCorp dropped their target price on shares of Toll Brothers from $56.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, March 15th. UBS Group upgraded Toll Brothers from a “neutral” rating to a “buy” rating in a research note on Thursday, February 24th. They noted that the move was a valuation call. Bank of America upgraded Toll Brothers from an “underperform” rating to a “buy” rating and increased their target price for the company from $61.00 to $63.00 in a research note on Monday, February 28th. Barclays dropped their price target on Toll Brothers from $61.00 to $47.00 in a research report on Thursday, March 31st. Finally, Zacks Investment Research downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating and set a $56.00 price objective on the stock. in a research note on Monday, February 28th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.00.

Shares of Toll Brothers stock opened at $47.96 on Tuesday. The company has a current ratio of 5.00, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $49.90 and a 200-day simple moving average of $58.84. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.30 and a beta of 1.60. Toll Brothers has a 1-year low of $44.84 and a 1-year high of $75.61.

The business also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Friday, April 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, April 7th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.17. Toll Brothers’s dividend payout ratio (DPR) is 11.20%.

A number of institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV bought a new position in shares of Toll Brothers during the first quarter valued at $28,000. Farmers & Merchants Investments Inc. bought a new position in Toll Brothers during the 1st quarter valued at about $32,000. UMB Bank N A MO boosted its position in Toll Brothers by 2,913.0% in the first quarter. UMB Bank N A MO now owns 693 shares of the construction company’s stock valued at $32,000 after buying an additional 670 shares in the last quarter. Herold Advisors Inc. bought a new stake in Toll Brothers during the third quarter worth about $33,000. Finally, Lindbrook Capital LLC increased its holdings in shares of Toll Brothers by 111.1% during the fourth quarter. Lindbrook Capital LLC now owns 475 shares of the construction company’s stock worth $34,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

About Toll Brothers (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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