Toll Brothers (NYSE:TOL) Releases Earnings Results, Misses Estimates By $0.75 EPS

Toll Brothers (NYSE:TOLGet Free Report) released its quarterly earnings results on Tuesday. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75), Briefing.com reports. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business earned $2.85 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Toll Brothers updated its FY 2024 guidance to 14.000-14.000 EPS.

Toll Brothers Stock Down 0.6 %

Shares of TOL stock opened at $130.21 on Wednesday. The stock’s 50 day simple moving average is $123.21 and its 200 day simple moving average is $107.48. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. Toll Brothers has a twelve month low of $63.34 and a twelve month high of $135.37. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.09 and a beta of 1.67.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,500 shares of company stock valued at $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 15th. Wells Fargo & Company raised their price objective on Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Oppenheimer raised their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. The Goldman Sachs Group raised their price objective on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. Finally, Barclays raised their price objective on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $116.40.

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Toll Brothers Company Profile

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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.

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Earnings History for Toll Brothers (NYSE:TOL)

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