Toll Reports Strong 1Q 2015

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.

Read more

Previous Easing Mortgage Standards
Next Spring Selling Season Starts Off on Right Foot

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Beazer Posts Loss For 1st Fiscal Quarter

Beazer Homes USA, Inc. (NYSE: BZH) on Thursday reported a net loss from continuing operations of $1.4 million for the fiscal first quarter ended December 31, 2016, compared with net

Homebuilders / Land Developers

TRI Pointe Lowers 2015 Guidance

TRI Pointe Homes released mixed 4Q 2014 earnings on Monday. The company reported earnings of 28 cents per share, which was 2 cents higher than analyst expectations. However, the $635M

Homebuilders / Land Developers

CalAtlantic Beats Estimates

CalAtlantic Group, Inc. (NYSE: CAA) on Wednesday after market close announced net income of $167.0 million, or $1.25 per diluted share, for the fourth quarter ended Dec. 31, 2016., compared