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Toll Brothers beats and raises the low end of its deliveries forecast

23 February 2017

A number of equities analysts have commented on TOL shares. RBC Capital Markets reaffirmed a "sector perform" rating and set a $35.00 price objective (up from $34.00) on shares of Toll Brothers in a report on Wednesday, December 7th. TheStreet raised shares of Toll Brothers from a "hold" rating to a "buy" rating in a report on Monday, December 5th. The stock has added about 3.3% since it reported its last earnings. Barclays PLC began coverage on shares of Toll Brothers in a research note on Thursday, January 5th. The stock was sold at an average price of $32.00, for a total transaction of $160,576.00. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of "Hold" and a consensus target price of $34.79. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law. The share price is now up 11.08% for the past three months. The price moves in Toll Brothers, Inc. post earnings have produced an average increase of 6.53% and an average increase of 5.75% on next day and seventh day, sequentially. The stock hit 1-yearhigh at $33.48 and a low of $24.59 in the same period. The Average Volume for the stock is measured as 2.26 Million. The stock floated in a price range of $13.16 to $14.29, with market capitalization of $853.96M. (TOL) stock has proven to be much more bearish. TOL said it had a profit of $0.42 Earnings per Share for the quarter. Revenue of $920.7 million topped expectations of $887.7 million, but fell from $928.6 million a year ago. Currently, the Return on Assets value for the trailing twelve months is 4.1% with the Return on Equity and Return on Investment of 9.1% and 3.5% respectively. Price changes resulting from an earnings surprise can be felt immediately. The recent trading ended with the price almost -0.73 lower for the last 5 trading days, rebounding 28.06% from its 52-week low. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.99 by $0.32. The legal version of this piece of content can be read at Following the completion of the transaction, the insider now directly owns 20,699 shares in the company, valued at $675,822.35. Also, Director Edward G. Boehne sold 17,000 shares of the stock in a transaction that occurred on Friday, December 9th. On Dec 12, 2016, Joseph R Sicree (Chief Accounting Officer) sold 5,986 shares at $32.65 per share price, according to the Form-4 filing with the securities and exchange commission. The number of shares now owned by investors are 162.16 mln. The disclosure for this sale can be found here. Company insiders own 8.78% of the company's stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be issued a dividend of $0.08 per share. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

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Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities.