Toll Brothers Inc. (TOL) To Go Ex-Dividend on July 10th

Toll Brothers Inc. (NYSE:TOL) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Friday, July 10th will be given a dividend of 0.26 per share by the construction company on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, July 10th.

Toll Brothers has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 5 years. Toll Brothers has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Toll Brothers to earn $14.13 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 7.4%.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $151.37 on Wednesday. The firm has a fifty day moving average of $144.02 and a two-hundred day moving average of $144.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.28 and a beta of 1.34. Toll Brothers has a 52 week low of $113.52 and a 52 week high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the company earned $3.50 EPS. As a group, equities research analysts predict that Toll Brothers will post 12.69 EPS for the current year.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of recent analyst reports. BTIG Research initiated coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Seaport Research Partners restated a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings lowered shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $163.56.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.