Shares of Toll Brothers (TOL) are up 4.12% to $38.63 on 1.5 million shares in early trade today, after the company reported Q1’15 earnings and revenue that beat analysts’ estimates.
The largest U.S. builder of luxury homes reported earnings of $0.44 per share on revenues of $853.5 million, up 32.6% from a year ago. Analysts were expecting EPS of $0.29 on revenues of $771.83 million. The average price of homes delivered was $782,300, compared to $693,600 in Q1’14. The average price of net signed contracts was $821,500, up from $766,100 in the year-ago period.
On valuation measures, Toll Brothers Inc. shares, which currently have an average 3-month trading volume of 2.8 million shares, trade at a trailing-12 P/E of 21.05, a forward P/E of 15.60 and a P/E to growth ratio of 1.18. The median Wall Street price target on the name is $37.00 with a high target of $43.00. Currently ticker boasts 8 ‘Buy’ endorsements, compared to 12 ’Holds’ and 2 ‘Sell’.
Profitability-wise, TOL has a t-12 profit and operating margin of 8.69% and 10.84%, respectively. The $6.79 billion market cap company reported $598.34 million in cash vs. $3.40 billion in debt in its most recent quarter.
TOL currently prints a one year loss of about 3%, and a year-to-date return of 8.26%.
The chart below shows where the equity has traded over the last 52 weeks.
Toll Brothers Inc. designs and builds homes in luxury residential communities in the U.S. The company was founded in 1967 and is headquartered in Horsham, Pennsylvania.