$1.82 EPS Expected for Toll Brothers Inc (TOL) This Quarter

Equities research analysts expect Toll Brothers Inc (NYSE:TOL) to report earnings of $1.82 per share for the current quarter, according to Zacks. Six analysts have made estimates for Toll Brothers’ earnings. The lowest EPS estimate is $1.75 and the highest is $1.89. Toll Brothers reported earnings per share of $1.17 in the same quarter last year, which would indicate a positive year over year growth rate of 55.6%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, December 4th.

On average, analysts expect that Toll Brothers will report full-year earnings of $4.61 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.69. For the next financial year, analysts expect that the firm will post earnings of $5.24 per share, with EPS estimates ranging from $4.87 to $6.00. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Toll Brothers.

TOL has been the topic of a number of analyst reports. ValuEngine lowered Toll Brothers from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. Zacks Investment Research lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Deutsche Bank lowered shares of Toll Brothers from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $51.00 to $29.00 in a report on Monday, October 22nd. Bank of America lowered shares of Toll Brothers from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Thursday, October 18th. Finally, Barclays restated a “sell” rating and set a $37.00 price objective (down from $39.00) on shares of Toll Brothers in a report on Friday, September 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.56.

A number of hedge funds have recently modified their holdings of the business. Morgan Stanley increased its stake in Toll Brothers by 48.1% in the 3rd quarter. Morgan Stanley now owns 1,300,394 shares of the construction company’s stock valued at $42,952,000 after buying an additional 422,568 shares during the last quarter. Legal & General Group Plc increased its stake in Toll Brothers by 5.9% in the 3rd quarter. Legal & General Group Plc now owns 774,252 shares of the construction company’s stock valued at $25,574,000 after buying an additional 42,925 shares during the last quarter. Teachers Advisors LLC increased its stake in Toll Brothers by 1.5% in the 3rd quarter. Teachers Advisors LLC now owns 168,383 shares of the construction company’s stock valued at $5,562,000 after buying an additional 2,499 shares during the last quarter. Maltese Capital Management LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at $1,817,000. Finally, Macquarie Group Ltd. increased its stake in Toll Brothers by 28.8% in the 3rd quarter. Macquarie Group Ltd. now owns 219,228 shares of the construction company’s stock valued at $7,241,000 after buying an additional 49,055 shares during the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.

Shares of NYSE TOL traded down $0.64 during midday trading on Friday, reaching $32.97. 11,046,497 shares of the company’s stock were exchanged, compared to its average volume of 2,965,321. Toll Brothers has a 52-week low of $28.68 and a 52-week high of $52.73. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 6.98.

About Toll Brothers

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.

Read More: What is Cost of Capital?

Get a free copy of the Zacks research report on Toll Brothers (TOL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Toll Brothers (NYSE:TOL)

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit