Wall Street analysts expect Toll Brothers Inc (NYSE:TOL) to announce $1.69 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Toll Brothers’ earnings. The lowest sales estimate is $1.64 billion and the highest is $1.76 billion. Toll Brothers posted sales of $1.91 billion in the same quarter last year, which would indicate a negative year over year growth rate of 11.5%. The business is expected to report its next earnings report on Tuesday, August 20th.

According to Zacks, analysts expect that Toll Brothers will report full year sales of $6.98 billion for the current financial year, with estimates ranging from $6.85 billion to $7.19 billion. For the next financial year, analysts forecast that the firm will report sales of $7.18 billion, with estimates ranging from $6.60 billion to $7.48 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Toll Brothers.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.10. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Toll Brothers had a net margin of 10.01% and a return on equity of 15.57%. During the same quarter in the prior year, the company posted $0.72 EPS.

Several brokerages have weighed in on TOL. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Royal Bank of Canada set a $37.00 price target on shares of Toll Brothers and gave the company a “hold” rating in a research report on Thursday, May 23rd. Barclays set a $54.00 price objective on shares of Lennar and gave the stock a “buy” rating in a report on Thursday, March 28th. ValuEngine upgraded shares of XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Raymond James restated an “outperform” rating and issued a $36.00 price objective on shares of Zymeworks in a report on Thursday, May 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $35.84.

TOL traded down $0.17 during trading on Monday, hitting $36.10. 949,756 shares of the stock traded hands, compared to its average volume of 1,432,558. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 1.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 7.68 and a quick ratio of 1.30. The company has a 50-day moving average price of $36.68. Toll Brothers has a 12-month low of $28.68 and a 12-month high of $39.80.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a $0.11 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.44 annualized dividend and a dividend yield of 1.22%. Toll Brothers’s payout ratio is 9.34%.

In related news, Director Edward G. Boehne sold 17,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $37.01, for a total value of $629,170.00. Following the completion of the transaction, the director now directly owns 64,304 shares in the company, valued at approximately $2,379,891.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carl B. Marbach sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.14, for a total transaction of $105,420.00. Following the sale, the director now owns 85,463 shares of the company’s stock, valued at $3,003,169.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,200 shares of company stock valued at $742,192. 9.69% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Toll Brothers by 4.7% during the 1st quarter. BlackRock Inc. now owns 15,078,392 shares of the construction company’s stock valued at $545,837,000 after purchasing an additional 673,868 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Toll Brothers by 24.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,362,466 shares of the construction company’s stock valued at $77,796,000 after acquiring an additional 457,901 shares during the last quarter. Norges Bank purchased a new stake in shares of Toll Brothers during the 4th quarter valued at about $55,091,000. Millennium Management LLC boosted its holdings in shares of Toll Brothers by 4.3% during the 4th quarter. Millennium Management LLC now owns 1,541,302 shares of the construction company’s stock valued at $50,755,000 after acquiring an additional 63,920 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Toll Brothers by 10.9% during the 1st quarter. LSV Asset Management now owns 1,207,967 shares of the construction company’s stock valued at $43,728,000 after acquiring an additional 118,700 shares during the last quarter. Institutional investors and hedge funds own 81.21% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

Further Reading: The basics of gap trading strategies

Get a free copy of the Zacks research report on Toll Brothers (TOL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Toll Brothers (NYSE:TOL)

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.