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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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March 2, 2015
07:27 EDTTOLRaymond James to hold a conference
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February 24, 2015
11:50 EDTTOLToll Brothers sees tax rate at 35% for balance of the year
Says looking to expand City Living beyond New York. Sees more buyers this spring selling season. Says has more pricing power than in November and December.
11:21 EDTTOLToll Brothers sees earnings growth in FY16
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08:56 EDTTOLOn The Fly: Pre-market Movers
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05:26 EDTTOLToll Brothers expects to deliver 5,200-6,000 homes in FY!5
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05:25 EDTTOLToll Brothers reports Q1 home building deliveries of 1,091 units
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05:25 EDTTOLToll Brothers reports Q1 EPS 44c, consensus 30c
Reports Q1 revenue $953.5M, consensus $780.86M
February 23, 2015
14:59 EDTTOLToll Brothers technical comments before earnings
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13:44 EDTTOLEarnings Preview: Toll Brothers sentiment cautious ahead of Q1 results
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February 19, 2015
07:04 EDTTOLToll Brothers weekly volatility elevated into Q4 and outlook
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