Toll Brothers (NYSE:TOL) Releases Earnings Results, Beats Estimates By $0.29 EPS

Toll Brothers (NYSE:TOL) issued its quarterly earnings data on Monday. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29, Briefing.com reports. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.11 earnings per share.

Toll Brothers Stock Performance

NYSE:TOL traded up $2.37 during midday trading on Monday, hitting $156.47. The company’s stock had a trading volume of 2,083,402 shares, compared to its average volume of 1,349,017. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm’s 50 day moving average is $154.06 and its 200-day moving average is $138.64. Toll Brothers has a fifty-two week low of $91.92 and a fifty-two week high of $169.52. The firm has a market cap of $15.80 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.16 and a beta of 1.69.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s payout ratio is 6.34%.

Analyst Ratings Changes

TOL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Barclays raised their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Monday, December 2nd. Wells Fargo & Company increased their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Bank of America lifted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $148.87.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $16,435,800 over the last three months. Company insiders own 1.54% 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.