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Stock Market & Financial Investment News

News Breaks
August 20, 2013
13:38 EDTTOLEarnings Preview: Toll Brothers sentiment positive ahead of Q3 report
Toll Brothers (TOL) is expected to report Q3 earnings on Wednesday, August 21 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 26c on revenue of $695.82M, according to First Call. The consensus range for EPS is 24c-30c on revenue of $660.0M-$728.34M. LAST QUARTER: Toll reported Q2 EPS of 14c against estimates for 7c on revenue of $516M against estimates for $511.06M. Q2 backlog was $2.5B, while Q2 backlog units were up 69%. STREET RESEARCH: Street research has been mostly positive since Tollís Q2 earnings report. On June 4, MKM Partners upgraded Toll to Buy from Neutral due to relative valuation. The firmís price target was $39. On June 19, Argus upgraded Toll to Buy from Hold with a price target of $42. The firm cited valuation. On June 24, Goldman Sachs initiated Toll with a Buy rating and $37 price target. PRICE ACTION: Since its Q2 results, Tollís shares have traded lower by about 15%, but are down only about 3% since the start of the year. In afternoon trading ahead of Wednesday's Q3 report, Toll is up over 2.5%.
News For TOL From The Last 14 Days
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November 26, 2014
14:40 EDTTOLToll Brothers volatility low into Q4 and outlook
Toll Brothers December weekly call option implied volatility is at 20, December, January and, March is at 24; compared to its 26-week average of 26 according to Track Data, suggesting decreasing price movement into the expected release of Q4 results on December 10.
November 13, 2014
07:18 EDTTOLUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link

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