Revenue Update on Toll Brothers Inc(NYSE:TOL)

Toll Brothers Inc(NYSE:TOL) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $920.730M. Analysts estimated a revenue of $902.490M. The revenues were 2.02% above the estimates. Earnings per share were $0.43. The reported EPS was above estimates by 19.44%. Analysts had estimated an EPS of $0.36.

In a different note, BTIG Research said it Initiates Coverage On Toll Brothers Inc, according to a research note issued on Feb 8, 2017. The shares have been rated ‘Neutral’ by the firm.

Toll Brothers Inc (TOL) made into the market gainers list on Wednesdays trading session with the shares advancing 6.06% or 1.94 points. Due to strong positive momentum, the stock ended at $33.93, which is also near the day’s high of $34.48. The stock began the session at $34.3 and the volume stood at 99,33,731 shares. The 52-week high of the shares is $34.48 and the 52 week low is $25.29. The company has a current market capitalization of $5,512 M and it has 16,24,64,450 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 21, 2016, Robert I Toll (Executive Chairman) sold 5,018 shares at $32.00 per share price.Also, On Dec 13, 2016, Edward G Boehne (director) sold 17,000 shares at $32.49 per share price.On Dec 12, 2016, Joseph R Sicree (Chief Accounting Officer) sold 5,986 shares at $32.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Toll Brothers Inc. is a property development company. The Company is engaged in designing building marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up empty-nester active-adult age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development architectural engineering mortgage title landscaping security monitoring lumber distribution house component assembly and manufacturing operations. The Company also develops owns and operates golf courses and country clubs which are associated with planned communities.

Add Comment