Brokerages Anticipate Toll Brothers (TOL) to Post $0.77 EPS

Wall Street brokerages forecast that Toll Brothers (NYSE:TOL) will report earnings per share of $0.77 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Toll Brothers’ earnings. The highest EPS estimate is $0.86 and the lowest is $0.73. Toll Brothers posted earnings per share of $0.73 in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 22nd.

According to Zacks, analysts expect that Toll Brothers will report full-year earnings of $4.44 per share for the current financial year, with EPS estimates ranging from $4.30 to $4.75. For the next financial year, analysts forecast that the business will post earnings of $5.00 per share, with EPS estimates ranging from $4.70 to $5.87. Zacks’ EPS calculations are an average based on a survey of research firms that follow Toll Brothers.

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Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share.

TOL has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Toll Brothers to $57.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Credit Suisse Group reiterated a “neutral” rating and set a $56.00 price target (up from $45.00) on shares of Toll Brothers in a report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $54.00 price target on shares of Toll Brothers and gave the stock a “buy” rating in a report on Wednesday, February 28th. Argus set a $55.00 price target on shares of Toll Brothers and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, UBS reiterated a “buy” rating and set a $58.00 price target (up from $53.00) on shares of Toll Brothers in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $50.75.

Shares of NYSE TOL traded down $1.43 during midday trading on Monday, reaching $43.19. 1,865,222 shares of the stock were exchanged, compared to its average volume of 1,818,645. The company has a market cap of $6,859.50, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. Toll Brothers has a 52-week low of $35.07 and a 52-week high of $52.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 7.31 and a quick ratio of 0.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, April 12th. Toll Brothers’s payout ratio is presently 10.09%.

In related news, CFO Martin P. Connor sold 8,450 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $51.76, for a total value of $437,372.00. Following the completion of the sale, the chief financial officer now directly owns 55,357 shares in the company, valued at $2,865,278.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $51.83, for a total transaction of $621,960.00. Following the completion of the sale, the chief financial officer now owns 55,357 shares of the company’s stock, valued at $2,869,153.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,950 shares of company stock valued at $3,100,292. 8.78% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB grew its holdings in Toll Brothers by 12.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 13,868 shares of the construction company’s stock valued at $666,000 after purchasing an additional 1,493 shares during the period. BRYN MAWR TRUST Co acquired a new position in Toll Brothers during the fourth quarter valued at approximately $231,000. Sterling Capital Management LLC lifted its position in Toll Brothers by 70.2% during the fourth quarter. Sterling Capital Management LLC now owns 71,526 shares of the construction company’s stock valued at $3,435,000 after buying an additional 29,500 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Toll Brothers during the fourth quarter valued at approximately $4,472,000. Finally, Glenmede Trust Co. NA lifted its position in Toll Brothers by 3.1% during the fourth quarter. Glenmede Trust Co. NA now owns 57,814 shares of the construction company’s stock valued at $2,775,000 after buying an additional 1,732 shares in the last quarter. Hedge funds and other institutional investors own 86.00% of the company’s stock.

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Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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