Toll Brothers (NYSE:TOL) announced its quarterly earnings results on Tuesday. The construction company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year.
Shares of Toll Brothers stock opened at $33.53 on Tuesday. The company has a current ratio of 6.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. Toll Brothers has a 52 week low of $28.68 and a 52 week high of $52.73. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16.
Institutional investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in Toll Brothers in the third quarter worth about $119,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Toll Brothers by 186.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock worth $159,000 after acquiring an additional 2,800 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in Toll Brothers in the second quarter worth about $201,000. Creative Planning acquired a new stake in Toll Brothers during the 2nd quarter worth about $210,000. Finally, Quantum Capital Management acquired a new stake in Toll Brothers during the 2nd quarter worth about $239,000. Hedge funds and other institutional investors own 83.90% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Toll Brothers (TOL) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS” was published by WKRB News and is the property of of WKRB News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.wkrb13.com/2018/12/04/toll-brothers-tol-releases-quarterly-earnings-results-beats-estimates-by-0-25-eps.html.
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.
Read More: Correction
Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.