Toast (TOST) Scheduled to Post Quarterly Earnings on Tuesday

Toast (NYSE:TOST) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Toast to post earnings of ($0.15) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Toast (NYSE:TOST) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm earned ($0.19) EPS. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, analysts expect Toast to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Toast Stock Performance

NYSE TOST opened at $23.94 on Tuesday. The company has a market capitalization of $10.81 billion, a P/E ratio of -46.94 and a beta of 1.79. Toast has a 52-week low of $13.77 and a 52-week high of $27.00. The company has a fifty day moving average of $23.39 and a 200-day moving average of $19.29.

Insider Transactions at Toast

In related news, CEO Aman Narang sold 2,471 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total transaction of $57,821.40. Following the transaction, the chief executive officer now owns 1,114,454 shares in the company, valued at $26,078,223.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Aman Narang sold 2,471 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $57,821.40. Following the completion of the sale, the chief executive officer now owns 1,114,454 shares in the company, valued at $26,078,223.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Jonathan Vassil sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.90, for a total value of $1,145,000.00. Following the completion of the transaction, the executive now directly owns 25,422 shares in the company, valued at $582,163.80. The disclosure for this sale can be found here. Insiders sold 414,486 shares of company stock worth $8,662,487 over the last three months. 13.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on TOST. Evercore ISI began coverage on Toast in a report on Monday, March 4th. They issued an “outperform” rating and a $32.00 price objective for the company. BNP Paribas upgraded shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Thursday, March 7th. Robert W. Baird boosted their price objective on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Wells Fargo & Company increased their target price on shares of Toast from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Friday, April 12th. Finally, Mizuho reissued a “neutral” rating and issued a $17.00 price target on shares of Toast in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.32.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.