Toll Brothers, Inc. (NYSE:TOL) Forecasted to Earn Q3 2024 Earnings of $3.21 Per Share

Toll Brothers, Inc. (NYSE:TOLFree Report) – Equities research analysts at Zacks Research decreased their Q3 2024 earnings per share estimates for shares of Toll Brothers in a research report issued to clients and investors on Tuesday, June 4th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will earn $3.21 per share for the quarter, down from their prior estimate of $3.35. The consensus estimate for Toll Brothers’ current full-year earnings is $12.98 per share. Zacks Research also issued estimates for Toll Brothers’ Q4 2024 earnings at $3.92 EPS, Q1 2025 earnings at $2.21 EPS, Q2 2025 earnings at $3.42 EPS, Q3 2025 earnings at $3.75 EPS, Q4 2025 earnings at $4.16 EPS, FY2025 earnings at $13.54 EPS, Q1 2026 earnings at $2.49 EPS, Q2 2026 earnings at $3.49 EPS and FY2026 earnings at $14.46 EPS.

A number of other research firms also recently weighed in on TOL. Royal Bank of Canada raised their target price on shares of Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group raised their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Raymond James reiterated a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Oppenheimer raised their price target on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Finally, Citigroup upped their price objective on Toll Brothers from $138.00 to $139.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.75.

Check Out Our Latest Report on TOL

Toll Brothers Price Performance

Shares of TOL opened at $118.87 on Thursday. The company has a 50 day moving average of $122.29 and a 200-day moving average of $110.30. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.20 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.95 and a beta of 1.66. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $135.37.

Toll Brothers (NYSE:TOLGet Free Report) last posted its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers in the first quarter valued at about $26,000. Contravisory Investment Management Inc. bought a new stake in Toll Brothers in the 1st quarter valued at about $34,000. Rise Advisors LLC acquired a new position in shares of Toll Brothers during the 1st quarter worth approximately $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Toll Brothers during the fourth quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC raised its position in shares of Toll Brothers by 35.7% in the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after buying an additional 105 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.77%. Toll Brothers’s dividend payout ratio is presently 6.28%.

About Toll Brothers

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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.

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

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