What is Wedbush’s Forecast for Toll Brothers Q3 Earnings?

Toll Brothers, Inc. (NYSE:TOL) – Equities researchers at Wedbush boosted their Q3 2025 earnings per share (EPS) estimates for Toll Brothers in a research report issued to clients and investors on Wednesday, December 11th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $4.45 for the quarter, up from their previous forecast of $4.40. Wedbush currently has a “Outperform” rating and a $175.00 target price on the stock. The consensus estimate for Toll Brothers’ current full-year earnings is $14.55 per share. Wedbush also issued estimates for Toll Brothers’ FY2025 earnings at $15.26 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $4.07 EPS, Q3 2026 earnings at $5.12 EPS, Q4 2026 earnings at $6.00 EPS and FY2026 earnings at $17.22 EPS.

TOL has been the subject of a number of other research reports. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research report on Thursday. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.53.

Toll Brothers Stock Performance

TOL stock opened at $133.85 on Friday. The firm has a 50 day simple moving average of $153.08 and a 200 day simple moving average of $139.16. Toll Brothers has a 52 week low of $95.46 and a 52 week high of $169.52. The stock has a market cap of $13.51 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.07 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $4.11 EPS.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insiders Place Their Bets

In related news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock valued at $16,435,800 in the last quarter. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. TCW Group Inc. increased its stake in Toll Brothers by 27.9% during the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after acquiring an additional 16,503 shares during the period. Chartwell Investment Partners LLC boosted its stake in Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after buying an additional 14,092 shares in the last quarter. World Investment Advisors LLC bought a new stake in Toll Brothers in the 3rd quarter valued at $12,506,000. Avior Wealth Management LLC raised its stake in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after buying an additional 3,328 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Toll Brothers by 62,605.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after acquiring an additional 10,643 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.