Toll Brothers, Inc. (NYSE:TOL) leader in residential construction, is expected to report third quarter earnings results, after market close, on Tuesday 25th August 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.71 per share.
Looking ahead, the full year income are expected at $ 2.85 per share on the revenues of $ 6427.36 million.
Previous Quarter Performance
Toll Brothers, Inc. unfold income for the second quarter of $ 0.59 per share, from the revenue of $ 1,549.00 million. The quarterly earnings decreased 32.18 percent compared with the same quarter last year. Wall street analysts are predicting, TOL to report 2Q20 income of $ 0.48 per share from revenue of $ 1569.92 million. The bottom line results beat street analysts by $ 0.11 or 22.92 percent, at the same time, top line results fell short of analysts by $ 20.92 million or 1.33 percent.
Stock Performance
Shares of Toll Brothers, Inc. traded high $ 1.03 or 2.31 percent on Monday, reaching $ 45.68 with volume of 2.20 million shares. Toll Brothers, Inc. has traded high as $ 46.05 and has cracked $ 44.52 on the downward trend
According to the previous trading day, closing price of $ 45.68, representing a 236.22 % increase from the 52 week low of $ 13.28 and a 9.45 % decrease over the 52 week high of $ 49.31.
The company has a market capital of $ 5.74 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
Recent Analyst recommendations
- On 6th August 2020, maintained by Wedbush at Outperform rating, with $ 45.00 target price.
- On 22nd July 2020, maintained by Citigroup at Neutral rating, with $ 38.00 target price.
- On 30th June 2020, upgraded by Keefe, Bruyette & Woods to Outperform from Market Perform rating, with $ 40.00 target price.
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
