Toll Brothers (NYSE:TOL) Posts Quarterly Earnings Results, Misses Expectations By $0.24 EPS

Toll Brothers (NYSE:TOL) announced its quarterly earnings data on Tuesday. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24), Zacks reports. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.52%.

Toll Brothers Trading Down 5.9 %

NYSE TOL opened at $114.88 on Thursday. The company’s fifty day simple moving average is $129.49 and its 200-day simple moving average is $141.58. Toll Brothers has a 52 week low of $100.47 and a 52 week high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market cap of $11.48 billion, a P/E ratio of 7.91, a PEG ratio of 1.05 and a beta of 1.76.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.80%. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research reports. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. UBS Group lowered their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Evercore ISI boosted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.29.

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.