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Stock Market & Financial Investment News

News Breaks
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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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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