Toll Brothers (TOL) Set to Announce Earnings on Tuesday

Toll Brothers (NYSE:TOL) will be posting its quarterly earnings results after the market closes on Tuesday, February 26th. Analysts expect Toll Brothers to post earnings of $0.63 per share for the quarter.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 4th. The construction company reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.25. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. Toll Brothers’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. On average, analysts expect Toll Brothers to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE:TOL opened at $36.85 on Tuesday. The company has a market cap of $5.36 billion, a P/E ratio of 7.82, a P/E/G ratio of 0.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 6.83. Toll Brothers has a 12-month low of $28.68 and a 12-month high of $49.24.

The business also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, January 10th. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. Toll Brothers’s payout ratio is 9.34%.

In other Toll Brothers news, Director Paul E. Shapiro sold 5,539 shares of the business’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $32.18, for a total value of $178,245.02. Following the sale, the director now directly owns 108,916 shares in the company, valued at $3,504,916.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 7,500 shares of the business’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $33.59, for a total value of $251,925.00. Following the completion of the sale, the chief executive officer now owns 253,244 shares in the company, valued at $8,506,465.96. The disclosure for this sale can be found here. In the last three months, insiders sold 28,039 shares of company stock worth $977,010. Insiders own 9.69% of the company’s stock.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Toll Brothers from a “hold” rating to a “sell” rating in a research report on Monday, December 10th. Credit Suisse Group reaffirmed a “hold” rating and set a $37.00 target price on shares of Toll Brothers in a research report on Friday. Royal Bank of Canada cut Toll Brothers from an “outperform” rating to a “sector perform” rating and set a $37.00 target price on the stock. in a research report on Thursday, December 6th. Wedbush reissued a “neutral” rating and issued a $36.00 price objective (down previously from $44.00) on shares of Toll Brothers in a research report on Tuesday, December 4th. Finally, Barclays cut their price objective on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, December 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Toll Brothers presently has a consensus rating of “Hold” and an average target price of $41.64.

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Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for 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 homes in urban infill markets through Toll Brothers City Living.

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Earnings History for Toll Brothers (NYSE:TOL)

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