Toll Brothers (NYSE:TOL) Releases Earnings Results, Misses Estimates By $0.24 EPS

Toll Brothers (NYSE:TOL - Get Free Report) issued its quarterly earnings results on Tuesday. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24), Zacks reports. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion.

Toll Brothers Price Performance

NYSE TOL traded down $3.70 during trading hours on Friday, hitting $111.45. The company had a trading volume of 2,213,357 shares, compared to its average volume of 1,760,661. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.99 and a beta of 1.76. Toll Brothers has a 52 week low of $107.79 and a 52 week high of $169.52. The firm has a 50 day simple moving average of $129.02 and a 200 day simple moving average of $141.40.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. Toll Brothers's dividend payout ratio (DPR) is 6.33%.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,837 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 over the last ninety days. Company insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America decreased their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday. The Goldman Sachs Group decreased their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday. Barclays dropped their target price on shares of Toll Brothers from $135.00 to $115.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. restated a "neutral" rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

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.