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Toll Brothers, Inc. (TOL) 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.
In addition, the company develops, owns, and operates golf courses and country clubs; develops and sells land; and develops, operates, and rents apartments, as well as provides homeowners with home automation and technology options.
Further, it owns and operates architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing operations. The company serves move-up, empty-nester, active-adult, and second-home buyers.
Shares have formed a bullish "trading channel" and are presently at the lower boundary of the channel. The 30-day moving average is supporting the formation. The Company reports today after the close. On December 9th, Toll Brothers reported Quarter October 2019 earnings of $1.41 per share on revenue of $2.4 billion. The consensus earnings estimate was $1.29 per share on revenue of $2.2 billion. Revenue fell 3.1% compared to the same quarter a year ago.
The company said it expects first quarter revenue of $1.32 billion to $1.52 billion. The current consensus revenue estimate is $1.39 billion for the quarter ending January 31, 2020.
Entry Point: $47.00
Stop Loss: $44.75
Trading Range: $34.34 to $49.31
Target Price: $51.50
TOL closed at $40
