|Bid||0.00 x 4000|
|Ask||0.00 x 900|
|Day's Range||39.82 - 41.23|
|52 Week Range||36.55 - 52.73|
|PE Ratio (TTM)||11.36|
|Earnings Date||May 21, 2018 - May 25, 2018|
|Forward Dividend & Yield||0.44 (1.04%)|
|1y Target Est||50.41|
Are we headed back down to the basement, or is the stock set to build up some positive momentum? TOL's technical pattern looked positive the last time I checked the stock out in May 2017. TOL broke below its 50-day moving average line (the gold line in the top panel above) with that move, but temporarily stopped short of its rising 200-day moving average (the blue line in the top panel).
With the Fed minutes reassuring investors that the central bank won't be too aggressive with rate hikes, shares of rate-sensitive utilities and real estate scaled north.
Yesterday the company's stock lost almost 10% of its value, $43 down to $39, a hefty punishment considering that the shareholders had already experienced a decline from $52 near the market's peak. Then again Toll's stock had run from $36 back in August all the way up to that vaunted $52 level pretty much in a straight line. Some comments about increased labor costs and materials as well as delayed closings on 15 homes in California and some higher end real estate in New York City where the market has softened because of overbuilding - my own conclusion given that my wife sells homes in the market and really doesn't have much incentive to give me anything but the reality as she sees it.
The markets were down on Wednesday as China trade talks and the uncertainly of a North Korea summit remained in the forefront. It's a constant these days if you are looking at the 'wrong' industry, meaning an industry that the market has turned against," writes TheStreet's Jim Cramer.
Rising mortgage rates aren't only shutting would-be buyers out of the real estate market – they are also pressuring the stocks of companies in that sector. During 2017, housing-related stocks were surging along with everything else in the stock market, but this year, they have been one of the worst performing groups, with Seeking Alpha pegging the decline in stock prices in the sector at more than 10% year to date. While investors may brush this off as a correction after the strong showing in 2017, others point to rising mortgage rates, increasing real estate prices and a dearth of affordable properties as the main culprits for the decline in the share prices.
Toll Brothers (TOL) exhibits solid fiscal second-quarter results. However, weak gross margin owing to delays and higher labor and material costs pose a risk.
Shares of high-end home builder Toll Brothers Inc. fell 10% after the company reported lower-than-expected profit margins for the three months ended April 30. There has been concern among investors that a rise in mortgage rates since January could be a deterrent to the home-building industry. The company focuses largely on high-end homes with average price tags double those of other large builders, and executives said those buyers are less susceptible to fluctuations in mortgage rates.
Stocks that moved substantially or traded heavily Tuesday: J.C. Penney Co., down 15 cents to $2.35 The department store said Chairman and CEO Marvin Ellison is leaving to become CEO of Lowe's. Adobe Systems ...
U.S. luxury homebuilder Toll Brothers Inc's second-quarter profit missed Wall Street estimates on Tuesday, as delayed closings in California and rising costs put pressure on its adjusted gross margins, sending its shares down 7.1 percent. The company said California was 27 percent of revenue in the quarter and is becoming a larger percentage of deliveries. At the same time, Toll Brothers is facing higher costs even as demand for expensive homes remains strong.
U.S. stocks edged higher on Tuesday, led by financial and energy stocks, as the United States and China made progress on ironing out their trade differences and reach an agreement. The consumer discretionary index fell 0.2 percent on disappointing quarterly reports from retailer Kohl's and homebuilder Toll Brothers.
WallStEquities.com has selected the following stocks for observation today: PulteGroup Inc. (NYSE: PHM), Taylor Morrison Home Corp. (NYSE: TMHC), Toll Brothers Inc. (NYSE: TOL), and TRI Pointe Group Inc. (NYSE: TPH). Atlanta, Georgia headquartered PulteGroup Inc.'s stock finished Monday's session 0.03% lower at $29.90 with a total trading volume of 3.34 million shares.
The building company’s second-quarter profit shrank to $111.8 million, or 72 cents a share, from $124.6 million, or 73 cents, for the same period last year.
U.S. luxury homebuilder Toll Brothers Inc reported on Tuesday a 17.3 percent rise in quarterly revenue, boosted by strong demand for its homes despite rising home-loan rates. The company's net income fell ...
The Horsham, Pennsylvania-based company said it had profit of 72 cents per share. Earnings, adjusted for asset impairment costs, were 79 cents per share. The results beat Wall Street expectations. The ...
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Lowe's Companies reported Q1 2018 earnings.
Yahoo Finance's Seana Smith on the biggest headlines in midday trading.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.