Toll Brothers (TOL) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS
Toll Brothers (NYSE:TOL) posted its quarterly earnings results on Wednesday. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.08, Stock Ratings Network.com reports. The company had revenue of $1.06 billion for the quarter. During the same quarter in the prior year, the company posted $0.26 earnings per share.
On a related note, analysts at Barclays raised their price target on shares of Toll Brothers from $41.00 to $45.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Toll Brothers presently has an average rating of “Hold” and a consensus price target of $39.88.
Toll Brothers (NYSE:TOL) opened at 35.63 on Wednesday. Toll Brothers has a 1-year low of $29.64 and a 1-year high of $39.95. The stock’s 50-day moving average is $34.42 and its 200-day moving average is $35.68. The company has a market cap of $6.334 billion and a price-to-earnings ratio of 25.49.
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities.
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