FY2024 Earnings Estimate for Toll Brothers Issued By Wedbush

Toll Brothers, Inc. (NYSE:TOL) – Research analysts at Wedbush lifted their FY2024 EPS estimates for Toll Brothers in a research note issued on Friday, October 25th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $13.62 per share for the year, up from their previous forecast of $13.53. Wedbush has a “Outperform” rating and a $175.00 price objective 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) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) 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 the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.73 earnings per share.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Royal Bank of Canada upped their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Finally, Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have given 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, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Stock Down 2.2 %

Shares of NYSE:TOL opened at $147.33 on Monday. The company has a fifty day moving average of $148.26 and a 200-day moving average of $131.92. The company has a market capitalization of $15.12 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers has a 52-week low of $68.33 and a 52-week high of $160.12.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were 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 approximately $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other 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 transaction of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,257 shares of company stock valued at $32,602,152. 1.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Toll Brothers by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 63,589 shares of the construction company’s stock worth $9,344,000 after purchasing an additional 18,169 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Toll Brothers by 1.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 137,622 shares of the construction company’s stock worth $21,261,000 after purchasing an additional 2,264 shares during the last quarter. F M Investments LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $2,783,000. Farther Finance Advisors LLC increased its stake in shares of Toll Brothers by 59.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,275 shares of the construction company’s stock worth $351,000 after purchasing an additional 847 shares during the last quarter. Finally, Lebenthal Global Advisors LLC increased its stake in shares of Toll Brothers by 14.3% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 3,962 shares of the construction company’s stock worth $612,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.