Toll Brothers Is Off to a Good Start in 2018 After Posting Strong 1Q Results; FVE Raised to $49
Toll Brothers reported strong fiscal first-quarter results, in our view. Total revenue increased 28% year over year to $1.175 billion (versus $1.180 billion consensus), homebuilding operating margin (excluding joint venture and other income) expanded 160 basis points to 7.1%, and adjusted EPS, which excludes a $31.2 million one-time tax reform benefit, increased $0.22 to $0.64 (versus $0.54 consensus). Management mostly maintained 2018 guidance for pretax income statement line items but updated ...
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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