|Bid||47.95 x 100|
|Ask||47.96 x 100|
|Day's Range||46.91 - 48.02|
|52 Week Range||30.45 - 51.08|
|PE Ratio (TTM)||15.08|
|Forward Dividend & Yield||0.32 (0.67%)|
|1y Target Est||N/A|
The luxury homebuilder's quarterly profit and sales rose but missed analysts' estimates, and its order growth was the slowest in six quarters. Fred Katayama reports.
The company's stock may have taken a hit after fourth-quarter earnings, but it's not entirely clear why.
Strong housing demand and less competition in the luxury new home market are expected to drive revenues for Toll Brothers (TOL).
Toll Brothers Inc (NYSE: TOL ) reported fiscal fourth quarter earnings Tuesday that fell short of expectations and contributed to a selloff in the overall homebuilder group. The Analyst KeyBanc Capital ...
Luxury homebuilder Toll Bros. reported weaker-than-expected fiscal fourth-quarter earnings and revenue growth, while giving cautious guidance for the 2018.
Homebuilder stocks pared losses Tuesday after Toll Bros. triggered an early sell off, leaving LGI Homes set to break a 12-week rally.
Wall Street treaded water on Tuesday as Microsoft and other technology stocks rebounded and Walt Disney Co fell, while investors assessed how a Republican tax overhaul would impact corporate earnings. Microsoft rose 1.27 percent, helping push the S&P information technology index up 0.76 percent.
Shares of Toll Brothers (TOL) are sliding after reporting profits and revenue that missed expectations. The luxury home builder also forecast a decline in gross margins for 2018, in part because the company is targeting millennials with lower priced homes. Toll Brothers stock is still up nearly 50% for the year.
Toll Brothers demand in jeopardy as its main states see property values decline and gross margins shrink. An analyst downgrade could hurt shares, too.
The company said it also expects a decline in its full-year adjusted gross margin. A robust job market has supported demand for housing in the United States, but homebuilders are not fully able to take advantage of the rise in demand due to supply constraints such as higher labor and raw material costs. The company, which mainly builds single-family homes, expects fiscal 2018 adjusted gross margin of between 23.75 percent and 24.25 percent, compared with 24.80 percent this year.
U.S. luxury homebuilder Toll Brothers Inc said on Tuesday it had not seen a potential change in buyers' behavior on the back of a looming U.S. tax reform and that it is encouraged by the potential cut ...
Earnings per share reported by Toll Brothers, Inc. for the fiscal fourth quarter of 2017 was $1.17. This is an increase over its earnings per share of 67 cents from the same time last year. Toll Brothers, Inc. reported net income of $191.88 million in its fiscal fourth quarter of the year.
Technology stocks edged higher on Tuesday and signaled a pause to two days of selloff, while a rally in bank and other stocks powered by tax-cut optimism stalled, capping gains on the S&P 500 and the Dow. Micron Technology, Amazon and Microsoft were among the biggest tech gainers, while Bank of America and retail stocks Macy's and Nordstrom were all lower. UBS strategists project that overall S&P 500 earnings would rise by 6.5 percent should the corporate tax rate fall to 25 percent and increase by 9.5 percent should the rate go to 20 percent.
U.S. luxury homebuilder Toll Brothers Inc's quarterly profit and revenue missed analysts' expectations on Tuesday as it sold homes at prices lower than its own estimates, sending the company's shares down 8 percent in morning trading. The company said it also expects a decline in its full-year adjusted gross margin. A robust job market has supported demand for housing in the United States, but homebuilders are not fully able to take advantage of the rise in demand due to supply constraints such as higher labor and raw material costs.
U.S. stocks were set to rise on Tuesday, driven for a second day by the shares of companies that seemed poised to benefit more from Republican-led corporate tax cuts. Nasdaq futures rose slightly after a selloff in tech stocks on Monday pulled down the tech-heavy index and weighed on the S&P 500.