FY2024 Earnings Estimate for Toll Brothers, Inc. (NYSE:TOL) Issued By Zacks Research

Toll Brothers, Inc. (NYSE:TOL) – Research analysts at Zacks Research raised their FY2024 EPS estimates for Toll Brothers in a research note issued on Tuesday, September 17th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $13.47 for the year, up from their previous estimate of $12.29. The consensus estimate for Toll Brothers’ current full-year earnings is $13.31 per share.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $3.73 EPS.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Toll Brothers from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Wedbush upped their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Bank of America upped their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.00.

Toll Brothers Trading Down 1.8 %

NYSE:TOL opened at $150.44 on Friday. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.23 and a beta of 1.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers has a 1 year low of $68.08 and a 1 year high of $154.62. The business has a fifty day moving average of $137.63 and a 200-day moving average of $126.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC acquired a new stake in Toll Brothers during the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toll Brothers in the 2nd quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV increased its holdings in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in Toll Brothers during the first quarter valued at approximately $34,000. Finally, Rise Advisors LLC acquired a new stake in Toll Brothers in the first quarter valued at approximately $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Toll Brothers Company Profile

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. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.