Brokerages Anticipate Toll Brothers Inc (TOL) Will Announce Quarterly Sales of $1.18 Billion

Analysts forecast that Toll Brothers Inc (NYSE:TOL) will announce sales of $1.18 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Toll Brothers’ earnings, with the lowest sales estimate coming in at $1.16 billion and the highest estimate coming in at $1.23 billion. Toll Brothers reported sales of $920.73 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28.2%. The business is expected to announce its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Toll Brothers will report full year sales of $1.18 billion for the current fiscal year, with estimates ranging from $6.83 billion to $6.95 billion. For the next year, analysts anticipate that the firm will post sales of $7.71 billion per share, with estimates ranging from $7.28 billion to $8.53 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Toll Brothers.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis.

A number of research firms have recently commented on TOL. Wedbush raised their price objective on Toll Brothers from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, December 29th. Argus set a $55.00 price objective on Toll Brothers and gave the stock a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada raised their price objective on Toll Brothers to $57.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Mizuho set a $52.00 price objective on Toll Brothers and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Raymond James Financial restated an “outperform” rating and issued a $52.00 price objective (up from $43.00) on shares of Toll Brothers in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.63.

Shares of Toll Brothers (NYSE:TOL) opened at $51.90 on Tuesday. The stock has a market capitalization of $8,210.00, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.57. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. Toll Brothers has a 52 week low of $30.44 and a 52 week high of $51.99.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. Toll Brothers’s payout ratio is currently 10.06%.

In related news, Director Paul E. Shapiro sold 16,250 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $42.58, for a total transaction of $691,925.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $43.45, for a total value of $217,250.00. Following the sale, the chief financial officer now owns 37,836 shares in the company, valued at $1,643,974.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,787 shares of company stock worth $4,169,477. Company insiders own 8.78% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in shares of Toll Brothers by 61.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after buying an additional 1,017 shares during the period. Aviance Capital Management LLC purchased a new stake in shares of Toll Brothers during the 2nd quarter valued at about $151,000. Toronto Dominion Bank raised its holdings in shares of Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after buying an additional 192 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Toll Brothers by 381.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock valued at $168,000 after buying an additional 3,361 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

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About Toll Brothers

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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