Toll Brothers (NYSE:TOL) Releases Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Toll Brothers (NYSE:TOL) posted its earnings results on Monday. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29, Briefing.com reports. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company earned $4.11 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.

Toll Brothers Trading Up 1.6 %

Shares of Toll Brothers stock opened at $156.50 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The stock has a market capitalization of $15.80 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.16 and a beta of 1.69. Toll Brothers has a 52-week low of $91.92 and a 52-week high of $169.52. The stock’s 50-day simple moving average is $154.10 and its 200 day simple moving average is $138.90.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.34%.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $16,435,800 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Royal Bank of Canada increased their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

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.