FY2024 Earnings Forecast for Toll Brothers Issued By Wedbush

Toll Brothers, Inc. (NYSE:TOL - Free Report) - Equities researchers at Wedbush raised their FY2024 earnings per share estimates for Toll Brothers in a note issued to investors on Friday, October 25th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $13.62 per share for the year, up from their previous forecast of $13.53. Wedbush currently has a "Outperform" rating and a $175.00 target price on the stock. The consensus estimate for Toll Brothers' current full-year earnings is $13.53 per share. Wedbush also issued estimates for Toll Brothers' Q4 2024 earnings at $4.41 EPS, Q3 2025 earnings at $4.40 EPS and FY2025 earnings at $15.00 EPS.

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

Several other equities analysts also recently weighed in on the company. Citigroup reduced their target price on Toll Brothers from $133.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 2nd. StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a report on Wednesday, September 11th. Oppenheimer lifted their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada raised their target price on Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Two equities 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. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average price target of $148.87.

Toll Brothers Trading Up 1.1 %

Shares of Toll Brothers stock traded up $1.69 during trading hours on Monday, reaching $150.71. 646,015 shares of the company's stock were exchanged, compared to its average volume of 1,377,079. Toll Brothers has a 52-week low of $68.33 and a 52-week high of $160.12. The company has a fifty day moving average of $147.92 and a 200-day moving average of $131.70. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company's stock worth $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock worth $110,993,000 after buying an additional 431,160 shares in the last quarter. Anchor Capital Advisors LLC acquired a new stake in shares of Toll Brothers in the second quarter valued at $17,740,000. Marsico Capital Management LLC boosted its stake in Toll Brothers by 24.5% during the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company's stock valued at $86,983,000 after buying an additional 148,562 shares in the last quarter. Finally, Interval Partners LP grew its holdings in Toll Brothers by 842.9% during the first quarter. Interval Partners LP now owns 147,623 shares of the construction company's stock worth $19,098,000 after acquiring an additional 131,966 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at $51,087,881.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the transaction, the chief executive officer now directly owns 296,382 shares of the company's stock, valued at approximately $45,361,265.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,257 shares of company stock valued at $32,602,152. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, October 11th. Toll Brothers's payout ratio is 6.28%.

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.