Q4 2017 Earnings Estimate for Toll Brothers Inc. Issued By KeyCorp (TOL)
Toll Brothers Inc. (NYSE:TOL) – KeyCorp decreased their Q4 2017 earnings estimates for Toll Brothers in a research note issued to investors on Tuesday. KeyCorp analyst K. Zener now anticipates that the construction company will earn $1.21 per share for the quarter, down from their previous forecast of $1.25.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/24/q4-2017-earnings-estimate-for-toll-brothers-inc-issued-by-keycorp-tol.html.
Several other equities analysts have also recently commented on the stock. Mizuho restated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Barclays PLC cut shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 target price for the company. in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Toll Brothers from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Toll Brothers presently has an average rating of “Hold” and a consensus target price of $39.92.
Toll Brothers (NYSE:TOL) opened at 37.51 on Thursday. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 15.47 and a beta of 1.52. The company has a 50 day moving average price of $39.30 and a 200 day moving average price of $37.04.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, July 12th. Toll Brothers’s dividend payout ratio (DPR) is presently 13.17%.
In related news, CEO Douglas C. Jr. Yearley sold 5,500 shares of Toll Brothers stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $39.78, for a total transaction of $218,790.00. Following the sale, the chief executive officer now directly owns 180,527 shares of the company’s stock, valued at approximately $7,181,364.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.50, for a total transaction of $385,000.00. Following the sale, the chief executive officer now directly owns 186,372 shares in the company, valued at $7,175,322. The disclosure for this sale can be found here. Insiders have sold a total of 130,500 shares of company stock worth $5,081,221 over the last ninety days. 8.78% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Toll Brothers by 1.8% in the second quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after buying an additional 291,112 shares during the last quarter. Vanguard Group Inc. raised its stake in Toll Brothers by 2.6% in the second quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock worth $495,464,000 after buying an additional 323,334 shares during the last quarter. FMR LLC raised its stake in Toll Brothers by 13.4% in the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock worth $357,278,000 after buying an additional 1,067,193 shares during the last quarter. State Street Corp raised its stake in Toll Brothers by 0.9% in the second quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock worth $247,263,000 after buying an additional 53,781 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Toll Brothers by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,275,515 shares of the construction company’s stock worth $208,429,000 after buying an additional 13,552 shares during the last quarter. 80.32% of the stock is currently owned by hedge funds and other institutional investors.
About Toll Brothers
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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