Analysts expect Toll Brothers Inc (NYSE:TOL) to post $2.20 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Toll Brothers’ earnings, with the highest sales estimate coming in at $2.35 billion and the lowest estimate coming in at $2.14 billion. Toll Brothers reported sales of $2.46 billion in the same quarter last year, which would suggest a negative year over year growth rate of 10.6%. The company is expected to issue its next earnings results after the market closes on Monday, December 9th.

On average, analysts expect that Toll Brothers will report full-year sales of $7.01 billion for the current year, with estimates ranging from $6.97 billion to $7.05 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $7.27 billion, with estimates ranging from $7.05 billion to $7.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Toll Brothers.

A number of brokerages have weighed in on TOL. Wells Fargo & Co lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Thursday, August 22nd. JMP Securities restated a “hold” rating on shares of Toll Brothers in a research note on Wednesday, August 21st. Susquehanna Bancshares lowered Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Monday, October 14th. Raymond James upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $1.00 to $45.00 in a research note on Wednesday, September 25th. Finally, SunTrust Banks began coverage on Toll Brothers in a report on Monday, August 12th. They issued a “hold” rating and a $37.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $38.25.

In other Toll Brothers news, CAO Michael J. Grubb sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $40.96, for a total transaction of $40,960.00. Following the transaction, the chief accounting officer now directly owns 2,283 shares of the company’s stock, valued at $93,511.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 46,875 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $38.30, for a total transaction of $1,795,312.50. Following the transaction, the chief executive officer now directly owns 345,273 shares in the company, valued at $13,223,955.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,008 shares of company stock valued at $6,113,365. Insiders own 9.69% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TOL. St. Johns Investment Management Company LLC acquired a new stake in shares of Toll Brothers in the third quarter valued at $52,000. Captrust Financial Advisors boosted its holdings in Toll Brothers by 51.9% in the second quarter. Captrust Financial Advisors now owns 2,070 shares of the construction company’s stock worth $76,000 after purchasing an additional 707 shares in the last quarter. Sandy Spring Bank boosted its holdings in Toll Brothers by 100.0% in the third quarter. Sandy Spring Bank now owns 2,000 shares of the construction company’s stock worth $82,000 after purchasing an additional 1,000 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Toll Brothers by 4,900.0% in the second quarter. NEXT Financial Group Inc now owns 2,350 shares of the construction company’s stock worth $86,000 after purchasing an additional 2,303 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Toll Brothers during the second quarter worth $91,000. 84.38% of the stock is owned by institutional investors.

Shares of TOL traded down $0.13 during trading hours on Thursday, hitting $39.60. 86,145 shares of the stock were exchanged, compared to its average volume of 1,133,374. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.21 and a current ratio of 7.43. Toll Brothers has a 12-month low of $30.17 and a 12-month high of $41.70. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.14 and a beta of 0.89. The stock’s 50-day moving average price is $40.14 and its two-hundred day moving average price is $37.82.

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.

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

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