Edition:
United States

Toll Brothers Inc (TOL)

TOL on New York Consolidated

38.63USD
17 Aug 2017
Change (% chg)

$-1.07 (-2.70%)
Prev Close
$39.70
Open
$39.58
Day's High
$39.71
Day's Low
$38.60
Volume
1,164,834
Avg. Vol
1,749,994
52-wk High
$41.07
52-wk Low
$26.65

Latest Key Developments (Source: Significant Developments)

Toll Brothers says not seeing any weakness in luxury new home market
Tuesday, 23 Aug 2016 12:12pm EDT 

Toll Brothers Inc : There has been a lot of discussion about weakness in the luxury new home market, we just aren't seeing it - conf call . Few high margin units in city living projected for delivery in 2016 are now projected to be delivered in 2017 - conf call Further company coverage: [TOL.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Toll Brothers third-quarter earnings per share $0.61
Tuesday, 23 Aug 2016 05:00am EDT 

Toll Brothers Inc : Toll brothers reports FY 2016 3rd quarter and 9 month results . Q3 earnings per share $0.61 . Q3 earnings per share view $0.61 -- Thomson Reuters I/B/E/S . Q3 revenue $1.27 billion versus i/b/e/s view $1.25 billion . Sees FY 2016 revenue up about 19 percent . Sees FY 2016 revenue $4.96 billion to $5.27 billion . In FY 2016's q4, we expect to deliver between 2,025 and 2,325 homes at an average price of between $815,000 and $835,000 . Expects to end FY 2016 with between 305 and 315 selling communities . Q3 end backlog was $4.37 billion .Says previous guidance on deliveries for full FY 2016 narrowed to between 5,900 and 6,200 homes at an average price of between $840,000 and $850,000 per home.  Full Article

Toll Brothers amends credit agreement dated as of Feb 3, 2014
Thursday, 4 Aug 2016 02:43pm EDT 

Toll Brothers Inc : Says entered into amendment to certain credit agreement dated as of February 3, 2014 - SEC Filing .Amendment amends the maturity date of the credit agreement from February 3, 2019 to August 2, 2021.  Full Article

Toll Brothers says there's no demand weakness at "high end" of market
Tuesday, 24 May 2016 12:09pm EDT 

Toll Brothers Inc : Says not seen any significant change in appetite of foreign buyers in california or in new york city high rise projects - conf call . Says volumes in southern california to increase progressing through the balance of the year - conf call . Sees continued small decline in home sales volume in northern california through the rest of 2016 - conf call . Says net result of home sales in california to be up in 2016 - conf call . There's no demand weakness at "high end" of market in most toll regions; one potential exception in high end is new york city - conf call Further company coverage: [TOL.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Toll Brothers Q2 EPS $0.51
Tuesday, 24 May 2016 05:09am EDT 

Toll Brothers Inc : Now believe average price of deliveries for full FY 2016 will be between $820,000 and $850,000 per home . Narrowing previous full fiscal year guidance and now expect to deliver between 5,800 and 6,300 homes in fy 2016 . Qtrly backlog of $4.19 billion and 4,940 units rose 20% in dollars and 13% in units . Now expects to deliver between 5,800 and 6,300 homes in FY 2016 at an average price range of $820,000 to $850,000 . Reiterate expected gross margin (pre-interest and pre-impairment) for full fy 2016 to be approximately 25.8% to 26.2% . Effective may 23, 2016, board of directors authorized repurchase of 20 million shares of toll brothers common stock . Projected revenues of between $4.76 billion and $5.36 billion in fy 2016 . Effective May 23, 2016, board of directors terminated prior share repurchase program . At second-quarter end, average price of homes in backlog was $848,600, compared to $793,800 at FY 2015's second-quarter end . Fy2016 earnings per share view $2.59, revenue view $5.01 billion -- Thomson Reuters I/B/E/S . In q3, company projects delivering about 30% of dollar value of its q2-end backlog at an average price of between $815,000 - $835,000 . Toll brothers reports fy 2016 2nd quarter and six month results . Q2 earnings per share $0.51 . Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S . Sees fy 2016 revenue $4.76 billion to $5.36 billion.  Full Article

Toll Brothers announces $1.215 billion bank credit facility
Thursday, 19 May 2016 03:25pm EDT 

Toll Brothers Inc : Finalized a new five-year $1.215 billion bank credit facility . Unsecured facility matures in may 2021, replaces company's existing $1.035 billion revolving credit facility . New credit facility has an accordion feature under which it can increase to a maximum of $2.0 billion .Toll brothers announces $1.215 billion bank credit facility.  Full Article

Toll Brothers Inc prices $350 million of senior notes
Tuesday, 27 Oct 2015 06:35pm EDT 

Toll Brothers Inc:Priced an underwritten public offering of $350 million of 4.875% Senior Notes due November 15, 2025 issued by Toll Brothers Finance Corp., a wholly-owned subsidiary of the Company.Notes have a coupon of 4.875% and will pay interest semi-annually on May 15 and November 15, commencing May 15, 2016.Expects to use the net proceeds from the Offering for general corporate purposes.  Full Article

Photo

D.R. Horton posts slowest order growth in three quarters

No.1 U.S. homebuilder D.R. Horton Inc reported its slowest growth in orders in three quarters on Wednesday even as it grapples with higher labor and lumber costs.