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Toll Brothers Inc. (NYSE: TOL) Stock Could plummet Again 1.47%

The trading price of Toll Brothers Inc. (NYSE:TOL) floating higher at last check on Wednesday, May 24, closing at $64.69, 1.47% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $63.34 and $64.36. The company’s P/E ratio in the trailing 12-month period was 5.52. In examining the 52-week price action we see that the stock hit a 52-week high of $67.54 and a 52-week low of $39.53. Over the past month, the stock has gained 4.08% in value.

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Toll Brothers Inc., whose market valuation is $7.18 billion at the time of this writing, is expected to release its quarterly earnings report May 24, 2023. The dividend yield on the company stock is 1.32%, while its Forward Dividend ratio is 0.84. Investors’ optimism about the company‚Äôs current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $2.17 per share this quarter, however they have predicted annual earnings per share of $8.76 for 2023 and $7.74 for 2024. It means analysts are expecting annual earnings per share growth of -12.50% this year and -11.60% next year.

Analysts have forecast the company to bring in revenue of $2.04 billion for the current quarter, with the likely lows of $1.79 billion and highs of $2.17 billion. The average estimate suggests sales will likely down by -9.60% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company‚Äôs annual revenue in 2023 is $8.44 billion. The company‚Äôs revenue is forecast to drop by -13.10% over what it did in 2023.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Toll Brothers Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TOL has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TOL a recommendation rating is 19. Out of them, 7 rate it a Hold, while 8 recommend Buy, whereas 2 assign an Overweight rating. 0 analyst(s) have tagged Toll Brothers Inc. (TOL) as Underweight, while 2 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.55, which symbolizes a positive outlook. A quick review shows that TOL’s price is currently 0.66% off the SMA20 and 5.38% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.59, and weekly volatility stands at 2.58%. When measured over the past 30 days, the indicator reaches 2.31%. Toll Brothers Inc. (NYSE:TOL)’s beta value is currently sitting at 1.38, while the Average True Range indicator is currently displaying 1.60. With analysts defining $50.00-$81.00 as the low and high price targets, we arrive at a consensus price target of $67.00 for the trailing 12-month period. The current price is about 22.71% off the estimated low and -25.21% off the forecast high, based on this estimate. Investors will be thrilled if TOL’s share price rises to $70.00, which is the median consensus price. At that level, TOL’s share price would be -8.21% below current price.

To see how Toll Brothers Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: TOL stock‚Äôs performance was 1.47% at last check in today’s session, and 38.42% in the past year, while D.R. Horton Inc. (DHI) has been trading 0.60% in recent session and positioned 57.96% higher than it was a year ago. Another comparable company Lennar Corporation (LEN) saw its stock trading 1.09% higher in today’s session but was up 46.01% in a year. Toll Brothers Inc. has a P/E ratio of 5.52, compared to D.R. Horton Inc.‚Äôs 7.14 and Lennar Corporation‚Äôs 6.62. Also during today’s trading, the S&P 500 Index has plunged -0.75%, while the Dow Jones Industrial also saw a negative session, down -0.61% today.

An evaluation of the daily trading volume of Toll Brothers Inc. (NYSE:TOL) indicates that the 3-month average is 1.40 million. However, this figure has increased over the past 10 days to an average of 1.63 million.

Currently, records show that 111.40 million of the company‚Äôs shares remain outstanding. The insiders hold 0.40% of outstanding shares, whereas institutions hold 85.90%. The stats also highlight that short interest as of Apr 27, 2023, stood at 3.25 million shares, resulting in a short ratio of 2.8 at that time. From this, we can conclude that short interest is 2.94% of the company‚Äôs total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month‚Äôs figure, which was 3.54 million. However, since the stock‚Äôs price has seen 29.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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