Toll Brothers (NYSE:TOL) released its quarterly earnings results on Tuesday. The construction company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04), Bloomberg Earnings reports. Toll Brothers had a return on equity of 10.63% and a net margin of 7.44%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.42 billion.
Shares of NYSE:TOL opened at $37.82 on Thursday. The company has a quick ratio of 1.44, a current ratio of 7.06 and a debt-to-equity ratio of 0.77. Toll Brothers has a 52-week low of $34.34 and a 52-week high of $49.31. The stock’s fifty day simple moving average is $45.41 and its 200-day simple moving average is $40.66. The company has a market capitalization of $5.81 billion, a P/E ratio of 10.25, a P/E/G ratio of 1.24 and a beta of 0.88.
Several equities analysts recently issued reports on the company. SunTrust Banks reaffirmed an “average” rating and set a $47.00 price objective on shares of Toll Brothers in a report on Tuesday. Goldman Sachs Group initiated coverage on Toll Brothers in a report on Friday, December 6th. They issued a “neutral” rating and a $42.00 target price on the stock. Cfra upgraded Toll Brothers to a “hold” rating in a research report on Wednesday. Raymond James downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Evercore ISI cut shares of Toll Brothers from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $39.00 to $40.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.83.
In related news, Director Christine Garvey sold 16,954 shares of Toll Brothers stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.76, for a total transaction of $691,045.04. Following the completion of the sale, the director now owns 3,335 shares in the company, valued at approximately $135,934.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.94% of the stock is owned by company insiders.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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