Toast, Inc. to Post Q3 2024 Earnings of $0.01 Per Share, William Blair Forecasts (NYSE:TOST)

Toast, Inc. (NYSE:TOST) – Equities researchers at William Blair issued their Q3 2024 EPS estimates for shares of Toast in a research note issued to investors on Wednesday, May 8th. William Blair analyst S. Sheldon forecasts that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Toast’s current full-year earnings is ($0.22) per share.

Toast (NYSE:TOST) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, meeting analysts’ consensus estimates of ($0.15). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. Toast’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) EPS.

Other analysts have also issued research reports about the stock. UBS Group upped their target price on shares of Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Keefe, Bruyette & Woods boosted their price target on shares of Toast from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday. Robert W. Baird boosted their price target on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. BNP Paribas raised shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Thursday, March 7th. Finally, Evercore ISI initiated coverage on shares of Toast in a report on Monday, March 4th. They issued an “outperform” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.35.

Toast Price Performance

NYSE TOST opened at $26.82 on Thursday. Toast has a 1 year low of $13.77 and a 1 year high of $27.31. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of -52.59 and a beta of 1.77. The company has a fifty day moving average price of $23.71 and a 200-day moving average price of $19.57.

Insider Buying and Selling at Toast

In other Toast news, CEO Aman Narang sold 2,471 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total transaction of $57,821.40. Following the completion of the transaction, the chief executive officer now owns 1,114,454 shares of the company’s stock, valued at $26,078,223.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CRO Jonathan Vassil sold 50,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $22.90, for a total transaction of $1,145,000.00. Following the completion of the transaction, the executive now directly owns 25,422 shares in the company, valued at $582,163.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aman Narang sold 2,471 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $57,821.40. Following the transaction, the chief executive officer now owns 1,114,454 shares of the company’s stock, valued at $26,078,223.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,510 shares of company stock valued at $4,381,885. 13.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toast

Several large investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of Toast during the 4th quarter valued at about $30,000. Cape Investment Advisory Inc. bought a new stake in shares of Toast during the 4th quarter valued at about $31,000. SRS Capital Advisors Inc. bought a new stake in shares of Toast during the 3rd quarter valued at about $33,000. Larson Financial Group LLC grew its stake in shares of Toast by 8,181.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock valued at $34,000 after purchasing an additional 1,800 shares during the period. Finally, Spire Wealth Management grew its stake in shares of Toast by 481.6% during the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 1,522 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Toast Company Profile

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.