Toll Brothers (TOL) Posts Earnings Results, Beats Expectations By $0.25 EPS

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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in Toll Brothers by 1.5% during the second quarter. FMR LLC now owns 8,806,109 shares of the construction company’s stock worth $325,738,000 after purchasing an additional 133,116 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Toll Brothers by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,913,438 shares of the construction company’s stock worth $181,742,000 after purchasing an additional 49,828 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in Toll Brothers by 0.4% during the third quarter. Greenhaven Associates Inc. now owns 4,106,475 shares of the construction company’s stock worth $135,637,000 after purchasing an additional 17,500 shares in the last quarter. Franklin Resources Inc. raised its holdings in Toll Brothers by 130.4% during the third quarter. Franklin Resources Inc. now owns 3,787,086 shares of the construction company’s stock worth $125,088,000 after purchasing an additional 2,143,480 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Toll Brothers by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 3,490,892 shares of the construction company’s stock worth $129,127,000 after purchasing an additional 309,953 shares in the last quarter. 83.90% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History for Toll Brothers (NYSE:TOL)

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