Toll Brothers Inc. (NYSE:TOL) Plans $0.25 Quarterly Dividend

Toll Brothers Inc. (NYSE:TOL) declared a quarterly dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Friday, July 11th will be given a dividend of 0.25 per share by the construction company on Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, July 11th.

Toll Brothers has a dividend payout ratio of 7.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Toll Brothers to earn $15.66 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.4%.

Toll Brothers Stock Up 0.7%

NYSE:TOL opened at $117.12 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The stock has a 50-day simple moving average of $108.14 and a 200 day simple moving average of $112.75. The company has a market cap of $11.50 billion, a PE ratio of 8.69, a PEG ratio of 1.21 and a beta of 1.36. Toll Brothers has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm posted $3.38 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush restated an “outperform” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Oppenheimer reduced their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, May 15th. Wells Fargo & Company lifted their target price on Toll Brothers from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday. Wall Street Zen raised Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $141.85.

About Toll Brothers

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.