Toll Brothers (TOL) Announces Quarterly Earnings Results
Toll Brothers (NYSE:TOL) issued its quarterly earnings results on Tuesday. The construction company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02), RTT News reports. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. Toll Brothers’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share.
Toll Brothers (NYSE TOL) opened at $50.66 on Tuesday. Toll Brothers has a 12 month low of $29.82 and a 12 month high of $51.08. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $8,124.77, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.06 and a beta of 1.57.
In other news, CFO Martin P. Connor sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $41.45, for a total transaction of $82,900.00. Following the transaction, the chief financial officer now directly owns 34,836 shares of the company’s stock, valued at $1,443,952.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl B. Marbach sold 12,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the transaction, the director now directly owns 114,149 shares in the company, valued at $4,562,535.53. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,687 shares of company stock worth $2,840,390. Insiders own 8.78% of the company’s stock.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
Receive News & Ratings for Toll Brothers Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers Inc and related companies with MarketBeat.com's FREE daily email newsletter.