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May 27, 2014
12:13 EDTTOLEarnings Preview: Toll Brothers sentiment mixed ahead of Q2 results
Toll Brothers (TOL) is expected to report second quarter earnings on Wednesday, May 28 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 $830.94M according to First Call. The consensus range for EPS is 16c-34 on revenue of $765.0M-$918.2M. LAST QUARTER: Toll reported first quarter EPS of 25c against estimates for 18c on revenue of $643.7M against estimates for $643.92M. Q4 backlog was $2.69B. On its Q1 earnings conference call Toll said, "Through the first three and-a-half weeks of our second quarter, our contracts in units were down about 8%. During this time, traffic has actually been up about 8% per community, which is encouraging, especially given the weather in many of our markets." For FY14, the company expects a 175bps-200bps improvement in gross margin over FY13 levels, with the most significant improvements occurring in Q3 and Q4. Full year 2014, SG&A is still anticipated to be up 25% over full year 2013. STREET RESEARCH: Street research has been mixed in the weeks leading up to Tollís Q2 earnings report. On February 26, Keefe Bruyette downgraded Toll to Market Perform from Outperform, but raised its price target on the stock to $42 from $40. On March 4, BofA/Merrill raided its price target on the shares to $49 from $42 based on gross margin expansion, the faster growing higher income demographic, and views valuation as attractive. Shares were Buy rated. PRICE ACTION: Tollís shares have fallen approximately 10% since Q1 results were released . In early afternoon trading ahead of Wednesday morning's Q2 report, Toll is up 0.5%.
News For TOL From The Last 14 Days
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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
November 10, 2014
07:10 EDTTOLToll Brothers reports preliminary Q4 revenue $1.35B, consensus $1.31B
Toll Brothers Q4 total revenues of $1.35B and 1,807 units increased 29% in dollars and 22% in units, compared to 4Q13 results of $1.04B and 1,485 units. The average price of homes delivered was $747,000, compared to $732,000 in Q3 and $703,000 in 4Q13. net signed contracts of $970.2M and 1,282 units rose 16% in dollars and 10% in units, compared to FY 2013's fourth-quarter net signed contracts of $839.0M and 1,163 units. The average price per unit of net contracts signed in Q4 was $757,000, compared to $717,000 in Q3 and $721,000 in 4Q13. On a per-community basis, Q4 net signed contracts were 5.01, compared to 4Q13 totals of 5.17, 4.86 in 4Q12, 3.04 in 4Q11 and 2.94 in 4Q10.

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