Toll Brothers, Inc. (NYSE:TOL) to Post FY2024 Earnings of $12.29 Per Share, Zacks Research Forecasts

Toll Brothers, Inc. (NYSE:TOL) – Analysts at Zacks Research lowered their FY2024 EPS estimates for Toll Brothers in a note issued to investors on Tuesday, September 3rd. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $12.29 for the year, down from their prior estimate of $12.76. The consensus estimate for Toll Brothers’ current full-year earnings is $13.31 per share. Zacks Research also issued estimates for Toll Brothers’ Q4 2024 earnings at $4.23 EPS, Q1 2025 earnings at $2.27 EPS, Q2 2025 earnings at $3.45 EPS, Q3 2025 earnings at $3.99 EPS, FY2025 earnings at $14.41 EPS, Q1 2026 earnings at $2.74 EPS and Q3 2026 earnings at $4.41 EPS.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $3.73 EPS.

A number of other equities analysts also recently commented on the stock. Evercore ISI lifted their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Wells Fargo & Company upped their price objective on Toll Brothers from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Barclays increased their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Raymond James reissued a “strong-buy” rating and set a $145.00 target price (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Finally, UBS Group raised their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.67.

Toll Brothers Stock Up 0.7 %

Shares of Toll Brothers stock opened at $138.82 on Thursday. The business has a 50-day moving average price of $130.51 and a 200 day moving average price of $123.82. Toll Brothers has a fifty-two week low of $68.08 and a fifty-two week high of $149.77. The firm has a market cap of $14.25 billion, a P/E ratio of 9.48, a P/E/G ratio of 1.14 and a beta of 1.67. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. Insiders have sold 130,257 shares of company stock worth $18,552,950 in the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds have recently made changes to their positions in TOL. Atria Wealth Solutions Inc. purchased a new stake in shares of Toll Brothers in the fourth quarter valued at $268,000. Kestra Private Wealth Services LLC acquired a new stake in Toll Brothers during the 4th quarter worth about $324,000. New York Life Investment Management LLC grew its stake in Toll Brothers by 6.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,342 shares of the construction company’s stock valued at $1,269,000 after acquiring an additional 796 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Toll Brothers by 3.8% in the 4th quarter. Natixis Advisors L.P. now owns 13,935 shares of the construction company’s stock valued at $1,432,000 after purchasing an additional 506 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Toll Brothers by 0.5% in the 4th quarter. National Bank of Canada FI now owns 41,463 shares of the construction company’s stock valued at $4,177,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.