Will Toll Brothers record another stronger quarter?

Toll Brothers will report its third-quarter figures on Wednesday 3 September. The consensus is for earnings per share of $0.45 and revenue of $978 million.

Source: Bloomberg

Toll Brothers is trading at $35.29. The stock is broadly unchanged since it revealed a strong set of second-quarter figures in May, in which the EPS and revenue figures easily exceeded estimates.

In the second quarter of 2013 the average selling price of its houses was $577,000, and it has since risen to $706,000. The homebuilder is going to expand its operations in the wealthy Washington DC to Boston corridor – previous investment in California and Texas has been a large source of growth as the two states have some of the strongest property markets in the US.

Equity analysts are bullish on the company’s prospective results. Out of the 23 recommendations, nine are buys, ten are holds and four are sells.

The company is trading at just above its 50-day moving average of $35.05 and good results could help the stock break through the $37 mark, which has proved difficult in the past three months. 

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.

Find articles by analysts