Toll Brothers (TOL) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS

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.

Several brokerages have recently issued reports on TOL. ValuEngine raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Bank of America set a $47.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a report on Thursday, October 11th. Evercore ISI raised shares of Toll Brothers to an “outperform” rating in a report on Thursday, October 25th. They noted that the move was a valuation call. Mizuho set a $46.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a report on Friday, August 31st. Finally, Deutsche Bank downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating and reduced their price target for the company from $51.00 to $29.00 in a report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. Toll Brothers has a consensus rating of “Hold” and an average target price 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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Earnings History for Toll Brothers (NYSE:TOL)

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