Zacks: Analysts Anticipate Toll Brothers Inc (TOL) Will Post Quarterly Sales of $1.55 Billion

Equities analysts predict that Toll Brothers Inc (NYSE:TOL) will report sales of $1.55 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Toll Brothers’ earnings. The lowest sales estimate is $1.50 billion and the highest is $1.59 billion. Toll Brothers posted sales of $1.60 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The business is expected to announce its next earnings report on Tuesday, May 28th.

On average, analysts expect that Toll Brothers will report full year sales of $6.98 billion for the current fiscal year, with estimates ranging from $6.72 billion to $7.20 billion. For the next fiscal year, analysts expect that the business will post sales of $7.09 billion, with estimates ranging from $6.46 billion to $7.63 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Toll Brothers.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a net margin of 9.93% and a return on equity of 15.83%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS.

A number of research analysts have commented on the stock. Barclays set a $33.00 target price on shares of Toll Brothers and gave the company a “sell” rating in a research report on Thursday, March 28th. Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. downgraded shares of Toll Brothers from a “neutral” rating to an “underweight” rating and cut their target price for the company from $33.00 to $32.00 in a research report on Thursday, March 7th. Raymond James set a $40.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Credit Suisse Group reissued a “hold” rating and set a $37.00 target price on shares of Toll Brothers in a research report on Friday, February 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Toll Brothers currently has an average rating of “Hold” and an average target price of $40.14.

NYSE TOL traded up $0.07 during trading on Friday, reaching $38.41. 10,752 shares of the company’s stock traded hands, compared to its average volume of 1,684,724. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.21 and a current ratio of 7.74. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.00. Toll Brothers has a 12-month low of $28.68 and a 12-month high of $43.83.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 11th. Toll Brothers’s payout ratio is currently 9.34%.

In other news, President Richard T. Hartman sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $37.18, for a total value of $371,800.00. Following the transaction, the president now owns 76,461 shares of the company’s stock, valued at approximately $2,842,819.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 4,000 shares of Toll Brothers stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $37.94, for a total transaction of $151,760.00. Following the completion of the transaction, the chief financial officer now directly owns 72,504 shares in the company, valued at approximately $2,750,801.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,000 shares of company stock worth $965,520. Insiders own 9.69% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in Toll Brothers by 694.0% in the 4th quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock worth $26,000 after purchasing an additional 694 shares in the last quarter. Valley National Advisers Inc. acquired a new stake in Toll Brothers in the 4th quarter worth approximately $33,000. IMS Capital Management acquired a new stake in Toll Brothers in the 3rd quarter worth approximately $36,000. Oregon Public Employees Retirement Fund boosted its stake in Toll Brothers by 1,967.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,765,805 shares of the construction company’s stock worth $54,000 after purchasing an additional 1,680,413 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Toll Brothers in the 4th quarter worth approximately $64,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.

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 and Estimates for Toll Brothers (NYSE:TOL)

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