Toll Brothers, Inc. to Post FY2024 Earnings of $12.76 Per Share, Zacks Research Forecasts (NYSE:TOL)

Toll Brothers, Inc. (NYSE:TOLFree Report) – Stock analysts at Zacks Research issued their FY2024 earnings per share estimates for shares of Toll Brothers in a report released on Tuesday, June 4th. Zacks Research analyst S. Mukherjee anticipates that the construction company will earn $12.76 per share for the year. The consensus estimate for Toll Brothers’ current full-year earnings is $12.98 per share.

Several other research firms also recently commented on TOL. Citigroup increased their target price on shares of Toll Brothers from $138.00 to $139.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Royal Bank of Canada raised their price objective on Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Oppenheimer boosted their target price on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Raymond James reissued a “strong-buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. Finally, Argus upped their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.75.

Read Our Latest Stock Report on TOL

Toll Brothers Stock Down 1.1 %

Toll Brothers stock opened at $118.87 on Friday. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers has a 1-year low of $68.08 and a 1-year high of $135.37. The firm’s fifty day simple moving average is $122.29 and its 200-day simple moving average is $110.30. The company has a market capitalization of $12.20 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.97 and a beta of 1.66.

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

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in Toll Brothers in the 1st quarter valued at $733,000. Cetera Investment Advisers boosted its stake in shares of Toll Brothers by 957.1% in the 1st quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock valued at $2,932,000 after purchasing an additional 20,520 shares in the last quarter. Burney Co. grew its holdings in shares of Toll Brothers by 8.8% in the 1st quarter. Burney Co. now owns 346,454 shares of the construction company’s stock worth $44,821,000 after purchasing an additional 27,993 shares during the last quarter. Beck Bode LLC acquired a new stake in shares of Toll Brothers during the 1st quarter worth about $860,000. Finally, EMC Capital Management lifted its holdings in Toll Brothers by 11.8% during the 1st quarter. EMC Capital Management now owns 7,505 shares of the construction company’s stock valued at $971,000 after purchasing an additional 791 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Increases Dividend

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

Toll Brothers Company Profile

(Get Free Report)

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.

See Also

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

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