Toll Brothers Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results

Benzinga Earnings
08/21

Toll Brothers (NYSE:TOL) reported better-than-expected third-quarter financial results, after the closing bell on Tuesday.

Toll Brothers reported quarterly earnings of $2.97 per share, which beat the analyst consensus estimate of $2.91 by 2.06%, according to Benzinga Pro data. Quarterly revenue came in at $2.66 billion, which beat the Street estimate of $2.61 billion, but was down from revenue of $2.95 billion in the same period last year.

"Toll Brothers delivered solid third quarter results in a challenging market. We exceeded the midpoint of our guidance with $2.65 billion of home sales revenues, delivering 2,662 homes at an average price of $996,400," said CEO Karl Mistry.

Toll Brothers shares fell 2.6% to trade at $144.77 on Thursday.

These analysts made changes to their price targets on Toll Brothers following earnings announcement.

  • Evercore ISI Group analyst Stephen Kim maintained the stock with an Outperform rating and raised the price target from $185 to $191.
  • UBS analyst John Lovallo maintained the stock with a Buy and raised the price target from $187 to $195.

Considering buying TOL stock? Here’s what analysts think:

Photo via Shutterstock

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10