Toast (TOST) Projected to Post Quarterly Earnings on Wednesday

Toast (NYSE:TOST - Get Free Report) is projected to announce its Q4 2024 earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $1.32 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Toast (NYSE:TOST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts expect Toast to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Toast Trading Up 1.2 %

Shares of Toast stock traded up $0.47 on Thursday, reaching $40.45. 16,987,134 shares of the company were exchanged, compared to its average volume of 6,074,438. Toast has a one year low of $20.49 and a one year high of $44.12. The company has a market capitalization of $19.05 billion, a price-to-earnings ratio of -311.12, a PEG ratio of 2.27 and a beta of 1.98. The company has a 50-day moving average of $38.59 and a 200 day moving average of $33.30.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TOST shares. Wedbush upped their price objective on Toast from $35.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Compass Point began coverage on Toast in a report on Wednesday, November 20th. They set a "buy" rating and a $49.00 target price on the stock. Morgan Stanley boosted their target price on Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday. Canaccord Genuity Group boosted their target price on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Royal Bank of Canada boosted their target price on Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Toast presently has a consensus rating of "Hold" and a consensus target price of $40.23.

Insider Transactions at Toast

In other news, CRO Jonathan Vassil sold 1,006 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $39,867.78. Following the sale, the executive now directly owns 48,488 shares of the company's stock, valued at approximately $1,921,579.44. This represents a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Brian R. Elworthy sold 653 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the sale, the general counsel now directly owns 209,206 shares in the company, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 339,564 shares of company stock valued at $13,577,845. 13.32% of the stock is owned by corporate insiders.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.