Toll Brothers (NYSE:TOL) Updates FY 2024 Earnings Guidance

Toll Brothers (NYSE:TOL - Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 14.000-14.000 for the period, compared to the consensus earnings per share estimate of 13.720. The company issued revenue guidance of -.

Analyst Ratings Changes

TOL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the company an outperform rating in a report on Wednesday, February 28th. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $142.00 to $150.00 and gave the company an overweight rating in a research report on Wednesday, May 15th. Seaport Res Ptn cut Toll Brothers from a buy rating to a neutral rating in a research note on Monday, January 22nd. Wedbush reiterated a neutral rating and issued a $105.00 price target on shares of Toll Brothers in a research note on Wednesday, May 15th. Finally, StockNews.com raised Toll Brothers from a hold rating to a buy rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toll Brothers has a consensus rating of Moderate Buy and an average price target of $116.40.

Toll Brothers Trading Down 0.6 %

NYSE TOL traded down $0.85 during trading hours on Tuesday, reaching $130.21. The company's stock had a trading volume of 2,018,997 shares, compared to its average volume of 1,349,624. The firm has a fifty day simple moving average of $123.05 and a 200-day simple moving average of $107.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. Toll Brothers has a 52 week low of $63.34 and a 52 week high of $135.37. The stock has a market cap of $13.56 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.09 and a beta of 1.67.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $1.70 earnings per share. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts forecast that Toll Brothers will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Toll Brothers's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.71%. Toll Brothers's payout ratio is presently 7.11%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares of the company's stock, valued at approximately $1,120,295.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the sale, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,500 shares of company stock worth $7,881,930. 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.

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