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

Toll Brothers (NYSE:TOL) posted its quarterly earnings data 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 19.64% and a net margin of 14.48%.

Toll Brothers Stock Down 1.3 %

Toll Brothers stock traded down $1.66 during trading on Tuesday, hitting $121.97. 3,484,786 shares of the company were exchanged, compared to its average volume of 1,610,650. The business’s 50 day moving average is $130.51 and its 200 day moving average is $141.86. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Toll Brothers has a 52 week low of $100.47 and a 52 week high of $169.52. The company has a market capitalization of $12.18 billion, a P/E ratio of 8.12, a PEG ratio of 1.15 and a beta of 1.76.

Toll Brothers Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.75%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TOL shares. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Bank of America lowered their target price on Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a report on Monday, January 27th. Barclays lowered their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Royal Bank of Canada boosted their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,202 shares of company stock valued at $1,947,436. Insiders own 1.54% of the company’s stock.

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.