Toast (TOST) to Release Quarterly Earnings on Thursday

Toast (NYSE:TOST) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Toast to post earnings of $0.01 per share for the quarter. Investors interested in listening to the company’s earnings conference call can do so using this link.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted ($0.19) earnings per share. The firm’s revenue was up 27.0% compared to the same quarter last year. On average, analysts expect Toast to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Toast Price Performance

NYSE TOST opened at $30.81 on Wednesday. The stock has a 50-day simple moving average of $27.61 and a 200 day simple moving average of $25.77. Toast has a twelve month low of $13.77 and a twelve month high of $31.57.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. Robert W. Baird boosted their price objective on shares of Toast from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. DA Davidson lifted their target price on Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Stephens upped their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toast presently has an average rating of “Moderate Buy” and an average price target of $29.30.

Insider Buying and Selling at Toast

In other news, CEO Aman Narang sold 10,106 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total transaction of $280,643.62. Following the sale, the chief executive officer now owns 968,095 shares in the company, valued at approximately $26,883,998.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Aman Narang sold 10,106 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $27.77, for a total transaction of $280,643.62. Following the transaction, the chief executive officer now directly owns 968,095 shares in the company, valued at approximately $26,883,998.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher P. Comparato sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the transaction, the director now owns 120,107 shares of the company’s stock, valued at $2,924,605.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,375,651 shares of company stock worth $38,150,212. 13.32% of the stock is currently owned by insiders.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.