Toll Brothers to Report Q3 Numbers

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U.S. homebuilder Toll Brothers (TOL) will be reporting its fiscal third-quarter numbers after the market close August 20. Analysts forecast earnings of $0.83 per share, versus $1.26 during the same period last year. The stock has risen 7.0% on the year.

Technical Analysis

TOL was recently trading at $35.13 down $4.67 from its 12-month high and $6.45 above its 12-month low. InvestorsObserver’s Stock Score Report gives TOL a 67 long-term technical score and a 72 short-term technical score. The stock has recent support above $35 and recent resistance below $37. Of the 11 analysts who cover the stock 1 rate it Strong Buy, 0 rate it Buy, 9 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, TOL gets a score of 64 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

TOL has traded sideways over the last six months with shares remaining in the upper end of their 52-week range. The Federal Reserve’s recent interest-rate cut is positive for the housing market, and if we see the Fed follow up with a second rate cut this year homebuilder stocks are likely to stage a strong rally. TOL has posted positive earnings surprises the last four quarters, and the street expects another earnings beat with a whisper number of $0.85. Given the recent rate cut, any positive news from homebuilders can have a material impact on pushing shares higher. Analysts see upside in the stock with an average price target of $37.50.

About Toll Brothers Inc.

Toll Brothers is the leading luxury homebuilder in the United States with an average sales price well above public competitors'. The company operates in 50 markets across 22 states and caters to move-up, active-adult, and second-homebuyers. Traditional homebuilding operations represents over 95% of the company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers, primarily on the East Coast. The company's headquarters is in Horsham, Pennsylvania.

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  • Change:
    $-0.06 (-0.15%)
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  • Market Capitalization:
    $5.5 B
  • Day's Range:
    $38.87 - $39.41
  • Dividend Yield:
  • 52-week Range:
    $42 - $28.68
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  • Sector:
    Consumer Cyclical
  • Industry:
    Residential Construction
  • Analyst Average Recommendation:

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