Toll Brothers Hit by Drop in Average Sale Price

22 August, 2017, 22:33 | Author: Terri Saunders
  • Housebuilding

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.63 by $0.10. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. During the same quarter a year ago, the firm earned $0.51 earnings per share.

Toll Brothers said it now expects to deliver between 7,000 and 7,300 homes in fiscal 2017, up from earlier guidance of 6,950 to 7,450 units, at an average price of $800,000 to $825,000 a home.

DSW Inc. (NYSE: DSW ) shares were also up, gaining 23 percent to $19.28 after the company reported better-than-expected Q2 earnings. The stock of Toll Brothers Inc (NYSE:TOL) earned "Outperform" rating by Wells Fargo on Thursday, September 29. About shares traded. Toll Brothers Inc (NYSE:TOL) has risen 41.46% since August 21, 2016 and is uptrending. The stock has a 50 day moving average price of $39.44 and a 200-day moving average price of $36.86. The stock has a market capitalization of $6.26 billion, a P/E ratio of 15.78 and a beta of 1.52.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Traders who own the stock with a record date on Fri, Jul 14th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. Barclays Capital maintained the stock with "Equalweight" rating in Wednesday, July 27 report. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers Inc. with MarketBeat.com's FREE daily email newsletter.

Recent Trading for Toll Brothers Inc. "(TOL) Set to Announce Quarterly Earnings on Tuesday" was posted by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another publication, it was stolen and republished in violation of U.S. & global copyright laws. The original version of this piece can be viewed at https://www.truebluetribune.com/2017/08/22/toll-brothers-inc-tol-stake-cut-by-rhumbline-advisers.html. Extended Stay America had 18 analyst reports since August 3, 2015 according to SRatingsIntel.

02/07/2017 - BTIG Research began new coverage on Toll Brothers Inc. giving the company a "neutral" rating. They now have a United States dollars 39 price target on the stock. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. Mizuho reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, July 11th. Finally, Korea Investment CORP acquired a new stake in Toll Brothers during the first quarter valued at about $5,839,000. The company presently has a consensus rating of "Buy" and a consensus price target of $39.67. On Wednesday, June 14 the insider NOVICK STEPHEN A sold $3.32M. Yearley, CEO, sold 345 with an average share price of $39.75 per share and the total transaction amounting to $13,713.75. $253,500 worth of stock was sold by BRAEMER RICHARD J on Friday, February 24. The shares were sold at an average price of $38.00, for a total transaction of $10,375,254.00. Following the completion of the sale, the chief financial officer now owns 34,836 shares in the company, valued at approximately $1,339,444.20. The disclosure for this sale can be found here. After this trade, the director has an ownership of 102,873 stocks in the company, assessed at roughly $3,882,427.02. executives unloaded 403,533 stocks of company shares valued $15,456,475 in the previous around three months.

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