Toll Brothers Reported Good 2Q Results, but 2019 Performance Will Likely Fall Short of Last Year
Toll Brothers’ stock traded lower on May 22 following the no-moat-rated homebuilder’s fiscal second-quarter earnings release. While Toll Brothers beat its guidance and consensus sales and EPS expectations, management’s outlook for the rest of 2019 was disappointing.Starting with the good news. Toll Brothers delivered 1,911 homes during the quarter, which topped management’s guidance of 1,650 to 1,850 homes. Homebuilding revenue increased 7% year over year to $1.7 billion due to a 1% increase in...
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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