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February 25, 2014
05:44 EDTTOLToll Brothers reports Q1 EPS 25c, consensus 18c
Reports Q1 revenue $643.7M, consensus $643.92M. Reports backlog of $2.69B and 3,667 units rose 45% in dollars and 31% in units, compared to Q1 of last year. Net signed contracts of $701.7M and 916 units rose 14% in dollars despite declining 6% in units, compared to last year. Gross margin, excluding interest and write-downs, improved 100 basis points to 24.4%. Toll Brothers ended Q1 with 238 selling communities, compared to 232 in Q4. The company expects to end FY14 with between 250 and 290 selling communities. At Q1 end, the company had 51,200 lots owned and optioned, compared to approximately 48,600 at end of Q4.
News For TOL From The Last 14 Days
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July 2, 2015
12:37 EDTTOLToll Brothers management to meet with MKM Partners
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June 19, 2015
14:26 EDTTOLHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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