Finance

Toll Brothers Inc (TOL) Expected to Announce Quarterly Sales of $2.08 Billion

Toll Brothers Inc (TOL) Expected to Announce Quarterly Sales of $2.08 Billion

The rating was maintained by Wood on Wednesday, August 26 with "Market Perform". During the same period last year, the business earned $0.67 EPS. analysts expect that Toll Brothers Inc will post 3.2 earnings per share for the current fiscal year. The construction company reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.02).

USA luxury homebuilder Toll Brothers said on Tuesday it had not seen a potential change in buyers' behavior on the back of a looming US tax reform and that it is encouraged by the potential cut in corporate tax rates. Following the completion of the transaction, the president now owns 27,233 shares of the company's stock, valued at $1,252,718. The Price to Book ratio for this stock is 1.78, compared to the industry Price to Book ratio of 2.37. The stock of Toll Brothers, Inc.

For the year, the company reported profit of $535.5 million, or $3.17 per share. During the same quarter in the prior year, the firm earned $0.67 earnings per share.

Homebuilders have reported largely positive quarterly results and remained upbeat on the housing market even as the recent hurricanes weighed on some operations. Among the names making big moves are homebuilder Toll Brothers Inc (NYSE:TOL), biotech Revance Therapeutics Inc (NASDAQ:RVNC), and pharma stock Collegium Pharmaceutical Inc (NASDAQ:COLL). Independent Advisor Alliance bought a new stake in Toll Brothers during the fourth quarter worth approximately $100,000. KeyCorp downgraded Toll Brothers to an "overweight" rating in a report on Tuesday. (NYSE:TOL) rating on Wednesday, August 24. Buckingham Research maintained it with "Buy" rating and $36 target in Wednesday, August 24 report. (NYSE:TOL) has "Outperform" rating given on Tuesday, April 11 by RBC Capital Markets. The analyst recommendations from a month ago are 11 Buy, 1 Overweight, 1 Sell, 10 Hold and 0 Underweight. 4,500 shares valued at $173,250 were sold by SICREE JOSEPH R on Tuesday, June 13.

More notable recent Toll Brothers, Inc. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84. This comes after the shares just yesterday touched a 12-year high of $51.08. (NYSE:TOL). New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.2% in Toll Brothers, Inc.

Poundland owner Steinhoff sees its shares crash by up to 66%
The group said in a stock exchange announcement: "Steinhoff will update the market as the aforesaid investigation proceeds". It is not clear if these are the accounting irregularities Steinhoff is referring to in its latest statement.

Now turning toward the technical indicators, its current distance from 20-Day Simple Moving Average is -1.04% and moving 4.75% away from 50-Day Simple Moving Average while traded up 19.18% from 200-Day Simple Moving Average. M Hldgs owns 14,483 shares or 0.2% of their U.S. portfolio. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Texas Permanent School Fund reported 108,033 shares or 0.06% of all its holdings. The shares were sold at an average price of $46.00, for a total transaction of $392,702.00. The disclosure for this sale can be found here. We will analyze the growth, profitability, risk, valuation, and insider trends of both companies and see which one investors prefer.

Other hedge funds have also recently modified their holdings of the company. 111 funds opened positions while 598 raised stakes. Lincoln National Corp acquired 7,487 shares as Procter And Gamble Co (PG)'s stock declined 5.32%. One of these technical indicators is the Relative Strength Index (RSI), which now stands at 59.101 for Toll Brothers Inc over the last 14 days - indicating a Buy. Sumitomo Mitsui Trust Holdings Inc. now owns 532,241 shares of the construction company's stock worth $22,072,000 after acquiring an additional 8,405 shares in the last quarter.

In the transaction dated October 13, 2017, the great number of shares disposed came courtesy the Director; Shapiro Paul E disposed a total of 16,250 shares at an average price of $42.58, amounting to approximately $691,925. Finally, Canada Pension Plan Investment Board increased its holdings in Toll Brothers by 16.1% during the 3rd quarter. Zurcher Kantonalbank (Zurich Cantonalbank) owns 26,628 shares. The ERP5 Rank may assist investors with spotting companies that are undervalued. (NYSE:TOL). Ahl Prtnrs Llp owns 0.01% invested in Toll Brothers, Inc. If you are accessing this article on another publication, it was illegally copied and republished in violation of USA & worldwide copyright & trademark law.

And home building deliveries were 2,424 units, also up 9%. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living).


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