Toast (TOST) to Release Earnings on Tuesday

Toast (NYSE:TOST) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect Toast to post earnings of ($0.15) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Toast (NYSE:TOST) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. Toast’s revenue was up 34.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.19) earnings per share. On average, analysts expect Toast to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Toast Stock Performance

Shares of Toast stock opened at $23.94 on Tuesday. The firm has a fifty day moving average of $23.39 and a two-hundred day moving average of $19.29. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of -46.94 and a beta of 1.79. Toast has a 52 week low of $13.77 and a 52 week high of $27.00.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Redburn Atlantic raised Toast from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Piper Sandler upped their target price on shares of Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Robert W. Baird lifted their price target on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, Mizuho restated a “neutral” rating and issued a $17.00 price objective on shares of Toast in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.32.

Insider Activity at Toast

In other news, General Counsel Brian R. Elworthy sold 224,900 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the completion of the transaction, the general counsel now directly owns 160,340 shares of the company’s stock, valued at approximately $2,945,445.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Toast news, General Counsel Brian R. Elworthy sold 224,900 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the sale, the general counsel now directly owns 160,340 shares of the company’s stock, valued at approximately $2,945,445.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Jonathan Vassil sold 50,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.90, for a total value of $1,145,000.00. Following the completion of the sale, the executive now directly owns 25,422 shares of the company’s stock, valued at approximately $582,163.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 414,486 shares of company stock valued at $8,662,487. 13.70% of the stock is owned by insiders.

About Toast

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.