Toll Brothers (NYSE:TOL) Issues FY 2024 Earnings Guidance

Toll Brothers (NYSE:TOL) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 14.000-14.000 for the period, compared to the consensus EPS estimate of 13.720. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an overweight rating in a research note on Friday, February 23rd. Barclays boosted their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an underweight rating in a research note on Monday, February 26th. The Goldman Sachs Group boosted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a sell rating in a research note on Thursday, February 22nd. Oppenheimer boosted their target price on Toll Brothers from $141.00 to $157.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. Finally, Wedbush reissued a neutral rating and set a $105.00 target price on shares of Toll Brothers in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of Moderate Buy and an average price target of $116.40.

Toll Brothers Trading Down 0.6 %

NYSE TOL opened at $130.21 on Wednesday. The firm has a market capitalization of $13.56 billion, a P/E ratio of 10.06, a PEG ratio of 1.09 and a beta of 1.67. The business has a fifty day simple moving average of $123.21 and a 200 day simple moving average of $107.48. Toll Brothers has a 12 month low of $63.34 and a 12 month high of $135.37. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). 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 analysts’ expectations of $2.58 billion. During the same period in the previous year, the company posted $2.85 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts predict that Toll Brothers will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a dividend of $0.23 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.71%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is owned by company insiders.

About Toll Brothers

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.