Toll Brothers Inc (TOL) reported quarterly earnings results on Tuesday, May-24-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.46. The company posted revenue of $1115.60 million in the period, compared to analysts expectations of $1039.50 million. The company’s revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Toll Brothers Inc. Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 29 from a previous price target of $35 .
Toll Brothers Inc opened for trading at $26.91 and hit $27.595 on the upside on Friday, eventually ending the session at $27.57, with a gain of 3.07% or 0.82 points. The heightened volatility saw the trading volume jump to 30,97,955 shares. Company has a market cap of $4,646 M.
In a different news, on Dec 15, 2015, Christine Garvey (director) sold 41,000 shares at $33.22 per share price. According to the SEC, on Aug 28, 2015, Richard J Braemer (director) sold 15,000 shares at $36.31 per share price. On Aug 19, 2015, Douglas C. Jr. Yearley (Chief Executive Officer) sold 10,000 shares at $41.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Toll Brothers Inc. is a property development company. The Company is engaged in designing building marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up empty-nester active-adult age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development architectural engineering mortgage title landscaping security monitoring lumber distribution house component assembly and manufacturing operations. The Company also develops owns and operates golf courses and country clubs which are associated with planned communities.