Toll Brothers (NYSE:TOL) announced its earnings results on Tuesday. The construction company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.25, RTT News reports. Toll Brothers had a net margin of 9.37% and a return on equity of 13.49%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The business’s revenue was up 21.1% compared to the same quarter last year.
NYSE TOL opened at $33.53 on Tuesday. The stock has a market cap of $4.86 billion, a P/E ratio of 10.58, a PEG ratio of 0.40 and a beta of 1.16. Toll Brothers has a 52-week low of $28.68 and a 52-week high of $52.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 6.98 and a quick ratio of 0.88.
A number of equities research analysts have recently commented on TOL shares. ValuEngine cut shares of Toll Brothers from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Zacks Investment Research cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Barclays reduced their target price on shares of Toll Brothers from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Monday. Deutsche Bank cut shares of Toll Brothers from a “buy” rating to a “hold” rating and reduced their target price for the company from $51.00 to $29.00 in a report on Monday, October 22nd. Finally, Bank of America cut shares of Toll Brothers from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.28.
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About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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