Toll Brothers Inc (TOL) is Downgraded by Credit Suisse to Neutral

Toll Brothers Inc (TOL) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Jul 11, 2016.

On the company’s financial health, Toll Brothers Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 24, 2016. Analyst had a consensus of $0.46. The company had revenue of $1115.60 million for the quarter, 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.

Toll Brothers Inc opened for trading at $27.56 and hit $28.355 on the upside on Friday, eventually ending the session at $28.24, with a gain of 3.71% or 1.01 points. The heightened volatility saw the trading volume jump to 34,52,847 shares. Company has a market cap of $4,683 M.

In a different news, on May 26, 2016, Carl B Marbach (director) sold 3,000 shares at $29.12 per share price. According to the SEC, on Dec 15, 2015, Christine Garvey (director) sold 41,000 shares at $33.22 per share price. On Aug 28, 2015, Richard J Braemer (director) sold 15,000 shares at $36.31 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.

Toll Brothers Inc

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