Wall Street brokerages expect Toll Brothers Inc (NYSE:TOL) to post $0.77 earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have issued estimates for Toll Brothers’ earnings, with estimates ranging from $0.73 to $0.86. Toll Brothers reported earnings per share of $0.73 in the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The company is scheduled to issue its next earnings report on Tuesday, May 22nd.
According to Zacks, analysts expect that Toll Brothers will report full year earnings of $4.33 per share for the current financial year, with EPS estimates ranging from $3.55 to $4.75. For the next year, analysts anticipate that the firm will post earnings of $4.87 per share, with EPS estimates ranging from $3.90 to $5.87. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Toll Brothers.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.54 by $0.09. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s revenue was up 27.7% on a year-over-year basis.
Shares of Toll Brothers (TOL) traded up $0.94 on Friday, reaching $44.79. 2,531,676 shares of the company’s stock traded hands, compared to its average volume of 2,294,521. Toll Brothers has a 1-year low of $34.99 and a 1-year high of $52.73. The firm has a market capitalization of $6,822.60, a P/E ratio of 12.44, a P/E/G ratio of 0.75 and a beta of 1.38. The company has a current ratio of 7.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 12th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 0.98%. Toll Brothers’s dividend payout ratio is 8.89%.
In related news, Director Christine Garvey sold 16,000 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $50.82, for a total value of $813,120.00. Following the completion of the sale, the director now directly owns 17,057 shares in the company, valued at $866,836.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $51.54, for a total value of $1,288,500.00. Following the completion of the sale, the director now owns 131,493 shares of the company’s stock, valued at $6,777,149.22. The disclosure for this sale can be found here. Insiders sold 95,950 shares of company stock valued at $4,910,012 over the last 90 days. 8.78% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its holdings in Toll Brothers by 202.5% in the fourth quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after purchasing an additional 1,600 shares during the period. Cerebellum GP LLC acquired a new stake in Toll Brothers in the fourth quarter valued at $120,000. CENTRAL TRUST Co acquired a new stake in Toll Brothers in the fourth quarter valued at $157,000. Gamco Investors INC. ET AL acquired a new stake in Toll Brothers in the third quarter valued at $207,000. Finally, Charter Trust Co. acquired a new stake in Toll Brothers in the fourth quarter valued at $210,000. Institutional investors and hedge funds own 86.03% of the company’s stock.
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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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