On Friday Toll Brothers Inc (NYSE: TOL) has shown a downward move of -0.68% and traded the recent trade at $40.93. The trading volume is recorded to 1.09M shares as compared to average traded volume of 1.85M shares.
Toll Brothers Inc (TOL) stock’s market capitalization arrived at $5.75B and total 140.43M outstanding shares. The stock has a 52-week highest price of $41.7 and its 52-week lowest price was called at $29.25. During last trade, its maximum trading price was registered $41.53 and it’s the minimum trading price was noted $40.89.
Toll Brothers, Inc.’s (TOL) stock price showed strong performance of 0.84% in last seven days, switched up 1.19% in last thirty days and it rose 41.48% in last one year. It has 140.43 million of outstanding shares and its shares float measured at 128.75.
Toll Brothers Inc (NYSE: TOL), recently reported results for its third quarter ended July 31, 2019.
- FY 2019’s third quarter net income was $146.3M, or $1.00 per share diluted, contrast to FY 2018’s third quarter net income of $193.3M, or $1.26 per share diluted.
- FY 2019’s third quarter pre-tax income was $186.9M, contrast to FY 2018’s third quarter pre-tax income of $253.1M.
- FY 2019’s third quarter results included pre-tax inventory impairments totaling $4.7M, contrast to FY 2018’s third quarter pre-tax inventory impairments of $11.1M.
- FY 2019’s third quarter home sales revenues were $1.76B and 1,994 units, contrast to FY 2018’s third quarter totals of $1.91B and 2,246 units.
- FY 2019 third quarter net signed contracts were $1.87B and 2,241 units, contrast to FY 2018’s third quarter totals of $2.03B and 2,316 units.
- FY 2019’s third quarter net signed contracts on a per-community basis were 7.07 units, contrast to third quarter net signed contracts on a per-community basis of 8.10 units in FY 2018, 6.89 units in FY 2017, 5.85 in FY 2016 and 5.50 in FY 2015.
- FY 2019 third-quarter-end backlog was $5.84B and 6,839 units, contrast to FY 2018’s third-quarter-end backlog of $6.48B and 7,100 units. The average price of homes in backlog was $854,500, contrast to $912,600 at FY 2018’s third-quarter-end.
- FY 2019’s third quarter home sales gross margin was 20.2%, contrast to FY 2018’s third quarter home sales gross margin of 21.1%.
- FY 2019’s third quarter Adjusted Home Sales Gross Margin was 23.1%, contrast to FY 2018’s third quarter Adjusted Home Sales Gross Margin of 24.3%.
- FY 2019’s third quarter Interest included in cost of sales was 2.7% of revenue, contrast to 2.6 % in FY 2018’s third quarter.
- FY 2019’s third quarter SG&A, as a percentage of home sales revenues, was 10.6%, contrast to 9.1 % in FY 2018’s third quarter.
- FY 2019’s third quarter Income from operations of $171.0M represented 9.7% of total revenues, contrast to FY 2018’s third quarter Income from operations of $229.7M and 12.0% of total revenues.
- FY 2019’s third quarter Other income, Income from unconsolidated entities, and Land sales gross profit totaled $18.4M, contrast to FY 2018’s third quarter total of $23.4M.
FY 2019 Financial Guidance:
- The Company expects FY 2019 deliveries of between 7,800 and 8,100 units with an average price of between $860,000 and $880,000.
- The Company expects FY 2019 Adjusted Home Sales Gross Margin to be about 23.0% of home sales revenues.
- FY 2019 SG&A is predictable to be about 10.4% of FY 2019 home sales revenues.
- FY 2019 Other income, Income from unconsolidated entities, and Land sales gross profit is predictable to total about $105M.
- The FY 2019 effective tax rate is predictable to be about 25.6%.
