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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:39 EDTKBH, MDC, TOL, LEN, BZH, SPF, RYL, PHM, DHI, NVR, HOVHomebuilders fall after Toll Brothers miss, housing start drop
A number of home builder stocks are falling after leading builder Toll Brothers (TOL) reported weaker than expected first quarter result, and U.S. housing starts came in below expectations. Toll Brothers reported first quarter earnings per share of just 3c, versus analysts' consensus estimate of 10c. Toll's average selling price fell slightly to $569,000 in its first quarter, down from $582,000 during the previous quarter. Moreover, the company invested over $330M in land deals during the first quarter. The company, however, added that it is gaining pricing power as the Spring selling season begins to kick off. On the data front, U.S. housing starts fell a greater than expected 8.5% to a 890K pace in January, although starts of single family units edged up 0.8%. Building permits increased 1.8% last month. In mid-morning trading, Toll Brothers sank 4.5% to $35.30, PulteGroup (PHM) slid 2.6% to $19.42, KB Home (KBH) fell 4% to $18.75, Hovnanian (HOV) gave back 2.95% to $5.59 and Beazer Homes (BZH) lost 2.3% to $16.77.
News For HOV;DHI;PHM;NVR;BZH;MDC;RYL;LEN;KBH;SPF;TOL From The Last 14 Days
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March 19, 2015
15:19 EDTKBHNotable companies reporting before tomorrow's open
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14:55 EDTRYLRyland Group management to meet with Sterne Agee
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11:52 EDTLENLennar says "enthusiastic" about prospects for Rialto
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11:23 EDTLENLennar sees strong top, bottom line growth for 2015
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11:22 EDTLENLennar says still on track to deliver 23,500-24,000 homes for 2015
Still expects apartment unit to be profitable for FY. Says still on track to deliver 23,500-24,000 homes for 2015. Severe weather conditions has delayed some construction activities, will slightly reduce backlog conversion ratio. Still expects gross margins for FY to average 24%, Q4 highest gross margin percent for year. Says increasing goal for financial services for FY due to strong refinance environment, now expects to earn $95M-$100M for FY. Sees FY range of profits for Rialto $30M-$40M for FY, heavily weighted to Q4. Sees FY15 effective tax rate in mid-34% range. Says active community count on track to hit 675 by end of 2015.
11:10 EDTLENLennar says housing market continuing slow, steady recovery
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07:36 EDTTOLToll Brothers management to meet with Deutsche Bank
Meeting to be held in Frankfurt on March 19 hosted by Deutsche Bank.
06:03 EDTLENLennar reports Q1 EPS 50c, consensus 45c
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March 18, 2015
15:20 EDTLENNotable companies reporting before tomorrow's open
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13:13 EDTLENLennar March volatility elevated into Q1 and outlook
Lennar March call option implied volatility is at 84, April is at 33, May is at 28; compared to its 26-week average of 31 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on March 19.
12:44 EDTKBHKB Home March volatility elevated into Q1 and outlook
KB Home March call option implied volatility is at 96, April is at 43, July is at 37; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on March 20.
07:39 EDTTOLToll Brothers management to meet with Deutsche Bank
Meetings to be held in Geneva/Zurich on March 18 hosted by Deutsche Bank.
March 13, 2015
15:19 EDTKBHKB Home March volatility elevated into Q1 and outlook
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13:46 EDTLENLennar March volatility elevated into Q1 and outlook
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March 12, 2015
11:57 EDTHOVHovnanian says margins expected to drop off in Q2, improve in 2H15
Says lower margins related to discounts on "Spec homes." Says weather might have slowed February sales.
11:55 EDTHOVHovnanian says expects pace of land acquisitions to grow
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11:25 EDTHOVHovnanian says spring selling season off to 'encouraging start'
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11:25 EDTHOVHovnanian now sees FY15 gross margin similar to Q1 18.2% level
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09:22 EDTHOVHovnanian reports Q1 EPS (10c), consensus (6c)
Reports Q1 revenue $445.7M, consensus $435.37M.
07:33 EDTTOLToll Brothers management to meet with UBS
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