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Stock Market & Financial Investment News

News Breaks
December 3, 2012
14:12 EDTTOLEarnings Preview: Toll Brothers sentiment mixed ahead of Q4 results
Toll Brothers (TOL) is expected to report Q4 earnings before the market open on Tuesday, December 4 with a conference call scheduled for 2:00 pm ET. Analysts are looking for EPS of 24c and revenue of $566.74M. The consensus range is 12c-31c for EPS, and $527.7M-$633.16M for revenue, according to First Call. Toll reported positive results in Q3, handily beating EPS and revenue estimates. Management offered a cautiously optimistic view on the housing market, saying, “it was on the mend.” They noted that they were seeing the most sustained demand in over five years, but consumer confidence was still fragile. The company anticipated delivering 3,000-3,200 homes in FY12, and 800-1,000 homes in Q4, slightly higher than prior guidance. Toll’s Q3 backlog was up 59% year over year to $1.62B. Recent sentiment in the stock has been mixed. Several firms have issued downgrades over the past three months, but JMP Securities resumed coverage of the shares with an Outperform rating on September 5. Toll’s stock made a fresh 52-week high of $37.08 in September, and currently sits at approximately the same level it did three months ago. The shares are up about 60% year over year, and approximately 130% since October of 2011.
News For TOL From The Last 14 Days
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December 18, 2014
10:41 EDTTOLHigh option volume stocks
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December 11, 2014
10:13 EDTTOLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ARIAD (ARIA) downgraded at Credit Suisse... AbbVie (ABBV) downgraded to Equal Weight from Overweight at Morgan Stanley... Aimco (AIV) downgraded to Hold from Buy at KeyBanc... Anglo American (AAUKY) downgraded to Underperform from Neutral at Exane BNP Paribas... Approach Resources (AREX) downgraded at Sterne Agee... CommVault (CVLT) downgraded to Neutral from Outperform at Macquarie... Fifth Street Senior (FSFR) downgraded to Perform from Outperform at Oppenheimer... Harmonic (HLIT) downgraded to Neutral from Buy at Sidoti... Macerich (MAC) downgraded to Hold from Buy at Deutsche Bank... Newell Rubbermaid (NWL) downgraded to Outperform from Strong Buy at Raymond James... Olin Corp. (OLN) downgraded at Longbow... Penn West (PWE) downgraded to Underperform from Neutral at BofA/Merrill... Prudential plc (PUK) downgraded to Neutral from Buy at Nomura... Semiconductor Manufacturing (SMI) downgraded to Hold from Buy at Jefferies... Suncor (SU) downgraded to Neutral from Buy at BofA/Merrill... Talisman Energy (TLM) downgraded to Underperform from Neutral at BofA/Merrill... Thompson Creek (TC) downgraded to Hold from Buy at Deutsche Bank... Toll Brothers (TOL) downgraded to Underperform from Sector Perform at RBC Capital... Travelers (TRV) downgraded to Neutral from Buy at UBS... United Therapeutics (UTHR) downgraded at Credit Suisse... Vera Bradley (VRA) downgraded to Underperform from Neutral at Sterne Agee.
07:23 EDTTOLToll Brothers downgraded to Underperform from Sector Perform at RBC Capital
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06:13 EDTTOLToll Brothers downgraded to Underperform from Sector Perform at RBC Capital
December 10, 2014
14:57 EDTTOLToll Brothers says orders through first six weeks of Q1 up 16%
Says if order growth continues, FY15 results likely to come in at upper end of forecast. Says homebuyers still 'skittish.' Says expects housing recovery to be "bumpy." Says demand will come back when buyers no longer fear price drops. Says has pricing power in CA, NYC, Dallas. Says looking to expand City Living into new markets.
14:35 EDTTOLToll Brothers sees accelerating community count growth into FY16
Says "very excited" about FY16. Expects more community growth in FY15, FY16. Says lacks pricing power to improve margins. Says FY15 city living to fall roughly 15% in dollars. Says will be "opportunistic" in regard to share repurchases.
14:23 EDTTOLToll Brothers sees FY15 gross margins roughly flat vs. FY14
Sees 270-310 communities at end of FY15. Sees FY15 tax rate 36%. Sees drop in city living condo sales in FY15, but expects recovery in FY16. Expects improving operating margins, deliveries in FY16. Expects housing recovery to continue for many years. Comments from company's Q4 earnings conference call.
05:31 EDTTOLToll Brothers expects to deliver 5,000-6,000 homes in FY15
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05:25 EDTTOLToll Brothers reports Q4 EPS 71c, consensus 73c
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December 9, 2014
15:18 EDTTOLNotable companies reporting before tomorrow's open
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