Toll Brothers (TOL) to Release Quarterly Earnings on Monday

Toll Brothers (NYSE:TOL) will post its quarterly earnings results after the market closes on Monday, December 9th. Analysts expect Toll Brothers to post earnings of $4.31 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Toll Brothers Stock Up 0.3 %

TOL stock opened at $165.17 on Monday. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.24 and a beta of 1.68. Toll Brothers has a 1-year low of $84.66 and a 1-year high of $169.52. The firm has a fifty day moving average price of $153.52 and a two-hundred day moving average price of $137.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.34%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TOL. Wells Fargo & Company upped their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Royal Bank of Canada boosted their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. 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 research note on Thursday, August 22nd. Finally, Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $148.87.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the transaction, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,000 shares of company stock valued at $16,435,800. 1.54% of the stock is currently owned by corporate insiders.

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.