Wall Street brokerages expect Toll Brothers Inc (NYSE:TOL) to report $1.62 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Toll Brothers’ earnings, with the lowest sales estimate coming in at $1.57 billion and the highest estimate coming in at $1.68 billion. Toll Brothers posted sales of $1.36 billion during the same quarter last year, which would indicate a positive year over year growth rate of 19.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 22nd.
According to Zacks, analysts expect that Toll Brothers will report full year sales of $1.62 billion for the current year, with estimates ranging from $6.87 billion to $6.95 billion. For the next financial year, analysts forecast that the business will post sales of $7.71 billion per share, with estimates ranging from $7.28 billion to $8.53 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Toll Brothers.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.09. Toll Brothers had a return on equity of 11.79% and a net margin of 11.24%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year.
In related news, Director Paul E. Shapiro sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $51.54, for a total transaction of $1,288,500.00. Following the transaction, the director now directly owns 131,493 shares of the company’s stock, valued at approximately $6,777,149.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph R. Sicree sold 4,500 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.48, for a total value of $231,660.00. Following the transaction, the chief accounting officer now directly owns 24,197 shares in the company, valued at $1,245,661.56. The disclosure for this sale can be found here. Insiders have sold a total of 115,950 shares of company stock valued at $5,841,012 over the last 90 days. 9.01% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt increased its position in Toll Brothers by 4.1% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,627 shares of the construction company’s stock valued at $1,327,000 after buying an additional 1,100 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Toll Brothers by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 66,400 shares of the construction company’s stock valued at $2,765,000 after buying an additional 1,300 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Toll Brothers by 12.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 13,868 shares of the construction company’s stock valued at $666,000 after buying an additional 1,493 shares in the last quarter. Timber Hill LLC increased its position in Toll Brothers by 21.5% during the 4th quarter. Timber Hill LLC now owns 8,710 shares of the construction company’s stock valued at $418,000 after buying an additional 1,540 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after buying an additional 1,600 shares in the last quarter. 84.57% of the stock is currently owned by institutional investors.
Shares of Toll Brothers (TOL) opened at $43.83 on Thursday. Toll Brothers has a 1-year low of $34.43 and a 1-year high of $52.73. The firm has a market capitalization of $6,740.00, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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