Toll Brothers Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | August 20, 2024 10:01am

Toll Brothers, Inc. (NYSE:TOL) is expected to release earnings results for its third quarter, after the closing bell on Tuesday, Aug. 20.

Analysts expect the Fort Washington, Pennsylvania-based company to report quarterly earnings at $3.31 per share, down from $3.73 per share in the year-ago period. Toll Brothers is projected to report quarterly revenue of $2.71 billion, according to data from Benzinga Pro.

On June 18, Toll Brothers said its Board of Directors approved a quarterly cash dividend of 23 cents per share to shareholders.

Toll Brothers shares gained 3.4% to close at $133.65 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Seaport Global analyst Mark Weintraub downgraded the stock from Neutral to Sell with a price target of $108 on Aug. 5. This analyst has an accuracy rate of 78%.
• Evercore ISI Group analyst Stephen Kim maintained an Outperform rating and boosted the price target from $177 to $180 on July 15. This analyst has an accuracy rate of 78%.
• Barclays analyst Matthew Bouley maintained an Underweight rating and cut the price target from $118 to $116 on July 12. This analyst has an accuracy rate of 79%.
• Citigroup analyst Anthony Pettinari maintained a Neutral rating and slashed the price target from $133 to $125 on July 2. This analyst has an accuracy rate of 79%.
• Keefe, Bruyette & Woods analyst Jade Rahmani maintained an Outperform rating and boosted the price target from $135 to $142 on June 4. This analyst has an accuracy rate of 74%.

Considering buying TOL stock? Here’s what analysts think:

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Posted In: TOL