Toll Reports Strong 1Q 2015
Toll Brothers handily beat the Street with its fiscal 1Q 2015 earnings. Revenue was $835.5M, which represented a 33% increase over the year ago period, and well above the $773.5M consensus forecast. Earnings of $81.3M, or 44 cents per share, were a 78% increase from the year ago period and nearly 50% over the 30 cents a share analyst consensus. In line with its standing as a luxury builder, Toll benefited significantly from increases in average unit prices with signed contracts averaging $821,500 and units delivered averaging $782,300.
About author
You might also like
Standard Pacific and Ryland Announce Merger
Number 11 (in terms of unit sales volume) ranked Standard Pacific and Number 5 ranked Ryland announced plans to merge. The post-merger entity will be the 4th largest homebuilding company
Sunbelt to Lead Homebuilder Growth
States with sunny climates, including California, are expected to drive homebuilder growth next year according to various homebuilding analysts. With job growth that is outperforming the market and overall greater
