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May 21, 2013
12:44 EDTTOLEarnings Preview: Toll Brothers pares some losses ahead of Q2 report
Toll Brothers (TOL) is expected to report Q2 earnings on Wednesday, May 22 before the market open with a conference call scheduled for 2:00 pm ET. Toll Brothers is a designer and builder of luxury homes. EXPECTATIONS: Analysts are looking for EPS of 7c on revenue of $511.06M, according to First Call. The consensus range for EPS is 3c-11c on revenue of $465.5M-$549.8M. LAST QUARTER: Toll reported Q1 EPS of 3c against estimates for 10c on revenue of $424.6M against estimates for $502.17M. On its Q1 conference call, Toll said through the first three weeks of Q2, contracts were up 40%. The company also said it expects to open approximately 70 new communities in the second, third and fourth quarters of FY13, and projects ending FY13 with between 225-255 selling communities. The company also added that in FY13, they expect to deliver between 3,750-4,300 homes with the average delivered price per home between $595,000-$630,000. Year-end community count was seen at 225-255, with the growth occurring late in the second half of the fiscal year. STREET RESEARCH: Street research has been mostly positive since Tollís Q1 earnings report. On March 19, Raymond James upgraded Toll to Strong Buy from Outperform and raised their price target to $40 from $37. Keefe Bruyette upgraded the shares to Outperform from Market Perform on April 19, citing valuation, with $35 price report. Negative sentiment came from Sterne Agee on March 13 when they initiated Toll with an Underperform rating and a price target of $29. PRICE ACTION: Tollís shares have traded in a choppy pattern since its Q1 results, down about more than $1.00, or 3.5%. Shares of Toll declined about 20% from late March to late April, but regained most of that territory over the past month. In early afternoon trading ahead of Wednesday's Q2 report, Toll is down over 3%.
News For TOL From The Last 14 Days
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September 24, 2014
09:05 EDTTOLOn The Fly: Pre-market Movers
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08:38 EDTTOLKB Home drops 3% to $16.49 after Q3 results miss estimates
KH Home (KBH) peers include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), Lennar (LEN), M.D.C. Holdings (MDC), PulteGroup (PHM), Ryland Group (RYL) and Toll Brothers (TOL).

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