|Bid||39.24 x 800|
|Ask||0.00 x 1300|
|Day's Range||39.23 - 40.65|
|52 Week Range||30.51 - 41.70|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||9.78|
|Earnings Date||Feb 24, 2020 - Feb 28, 2020|
|Forward Dividend & Yield||0.44 (1.08%)|
|1y Target Est||39.57|
CFRA upgraded homebuilder Toll Brothers Inc. stock to hold from sell on Tuesday, after the company beat earnings expectations for its fiscal fourth quarter. Analyst Kenneth Leon raised this stock price target to $41 from $33. "TOL is moving to lower average selling prices with more affordable, smaller near-luxury townhomes or single houses," the analyst wrote in commentary. "TOL expects to add 156 new communities, or 10% higher in FY 20, which should boost net new orders and lead to easier YoY comparisons." The company posted net income of $202.3 million, or $1.41 a share, for the quarter to end October, down from $311.0 million, or $2.08 a share, in the year-earlier period. Revenue fell to $2.379 billion from $2.455 billion. The FactSet consensus was for EPS of $1.29 and revenue of $2.191 billion. The company's backlog stood at $4.3 billion at month-end, down 5%. Shares were down 3% Tuesday but have gained 22% in 2019, while the S&P 500 has gained 25%.
On Tuesday, Toll Brothers reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 79 the day before. Toll Brothers is trying to complete a flat base with a 41.80 entry. Toll Brothers earns the No. 6 rank among its peers in the Building-Residential/Commercial industry group.
Favorable mortgage rates and a solid job market help Toll Brothers (TOL) to post better-than-expected fiscal Q4 numbers. Higher orders also serve as a tailwind.
Dow futures and Apple fell as the stock market still awaits China trade war clarity from President Trump on Dec. 15 tariffs. MongoDB, Stitch Fix, Boeing and AutoZone moved on news.
Buy Toll Brothers on weakness to its 200-day simple moving average at $37.70. This is the strategy when a stock is above a golden cross on its daily chart.
The Horsham, Pa., luxury homebuilder says that in the first six weeks of the fiscal first quarter demand has been stronger than it was in fiscal 2019's fourth quarter.
U.S. stock futures decline as investors key on the start of the Federal Reserve policy meeting and monitor developments in the slow-moving U.S.-China trade talks; Toll Brothers reports better-than-expected fiscal fourth-quarter earnings; NortonLifeLock reportedly attracts deal interest from McAfee.
Toll Brothers (TOL) delivered earnings and revenue surprises of 9.30% and 9.36%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
HORSHAM, Pa., Dec. 09, 2019 -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today announced results for its fourth.
Luxury-home builder ended the quarter with more than $3 billion of cash and undrawn bank-credit facilities and with no debt maturities in the next 24 months.
Does Toll Brothers Inc (NYSE:TOL) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend […]
A blowout jobs report is in the rearview mirror, while a Fed meeting and a major tariff deadline loom in the front windshield. It might be the holiday season, but there’s plenty to keep investors from sleeping at the wheel over the next few days. Maybe some investors think crude got out over its skis too much.
Astralis is the first pure-play team to sell stock to the public in the burgeoning world of professional videogame playing.
(Bloomberg) -- The vision underpinning the American dream -- of fresh-faced young people buying a first home with a white-picket fence -- hasn’t held up well.As it’s become more difficult for younger generations to get credit, the median age of the U.S. home buyer has climbed to 47, compared with 31 in 1981, Deutsche Bank chief economist Torsten Slok said. Slok in a note cited data released by the National Association of Realtors last month.“This is driven by an aging population, affordability, higher student debt levels, and tighter mortgage lending standards for young people and individuals with lower credit scores,” Slok said in his note. Those forces have contributed to lower levels of residential mobility, he added, and flagged an eight-year gain in the median home-buyer age since the financial crisis. The median age hasn’t been below 40 since then, when it was 39.In a subsequent phone conversation, Slok said he was “quite surprised” when he saw the November NAR data. The trend of aging home buyers speaks to “the broad umbrella of inequality across generations,” he said, going well beyond the housing market. Younger people are having a harder time than older age groups when it comes to four “buckets,” according to Slok: Income, accumulating wealth, getting an education and accessing health care and health insurance. “These things are critical now in the political debate,” Slok added. The economic expansion over the past 10 years has “been looking great, but what have the costs been? This is indeed a conversation starter.”Among publicly traded homebuilders, Toll Brothers Inc. has the “most exposure to the move-up luxury market -- which tend to be older more well-heeled buyers,” Bloomberg Intelligence’s Drew Reading said.Reading called the move-up segment a “comparatively weaker part of the market” as builders shift away from it. Demand drivers going forward are more important, he added. That will come from “the younger cohort.”Toll Brothers shares have gained 20% so far this year versus a 56% rally for the S&P Supercomposite Homebuilding Index and a 24% rise for the S&P 500.(Adds comment from Deutsche Bank’s Slok starting in the second paragraph.)To contact the reporter on this story: Felice Maranz in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jeremy R. Cooke, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Toll Brothers (TOL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The week's top real estate stories include a look at the soaring land prices, along with rising costs for construction labor, which are fundamental reasons new Midtown apartments are becoming more expensive with each passing year.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a gain for the second month. The increase follows 16 months of deceleration.
"It all but guarantees rents will continue to get significantly higher,” said Alan Wexler, president and CEO of Databank, a longtime Atlanta property research firm.