Toll Brothers Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | May 21, 2024 10:07am

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

Analysts expect the Fort Washington, Pennsylvania-based company to report quarterly earnings at $4.14 per share, up from $2.85 per share in the year-ago period. Toll Brothers is expected to post revenue of $2.53 billion, according to data from Benzinga Pro.

On March 12, Toll Brothers raised its quarterly cash dividend by 10% from 21 cents to 23 cents per share.

Toll Brothers shares gained 0.2% to close at $131.06 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.

• Citigroup analyst Anthony Pettinari maintained a Neutral rating and raised the price target from $138 to $139 on May 17. This analyst has an accuracy rate of 81%.
• Wells Fargo analyst Sam Reid maintained an Overweight rating and raised the price target from $142 to $150 on May 15. This analyst has an accuracy rate of 79%.
• Keefe, Bruyette & Woods analyst Jade Rahmani maintained an Outperform rating and boosted the price target from $120 to $135 on Feb. 28. This analyst has an accuracy rate of 75%.
• Barclays analyst Matthew Bouley maintained an Underweight rating and increased the price target from $95 to $115 on Feb. 26. This analyst has an accuracy rate of 79%.
• JP Morgan analyst Michael Rehaut maintained an Overweight rating and raised the price target from $127 to $128 on Feb. 23. This analyst has an accuracy rate of 75%.

Read This Next: Cramer Says This Materials Stock Is A ‘Great Spec,’ Plus He Recommends Buying Abercrombie & Fitch

Posted In: TOL