Toll Brothers Beats First-Quarter Expectations and Initiates Quarterly Dividend
Toll Brothers' shares closed up 6% on Feb. 22 after the no-moat homebuilder reported first-quarter results that topped consensus estimates and announced the initiation of a $0.08 per share quarterly dividend. After seeing strong demand trends throughout the first quarter, the company raised the midpoint of its fiscal 2017 home delivery guidance by 100 homes to 7,100 homes (range is now 6,700 to 7,500 homes). We expect Toll Brothers will maintain its market share amid rising demand and end the ye...Toll Brothers designs, builds, markets, sells, and arranges financing for residential single-family detached, attached home, master planned resort-style golf, and urban communities. The company also designs, builds, markets, and sells urban condominiums through Toll Brothers City Living?. The company operates its own architectural, engineering, mortgage, title, land development, golf course development, and landscaping subsidiaries. The company also operates its own security company, TBI Smart Home Solutions, which provides homeowners with home automation and technology options. In addition, the company operates its own lumber distribution, house component assembly, and manufacturing operations.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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