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Toll Brothers Inc (TOL)

TOL on New York Consolidated

43.22USD
19 Oct 2017
Change (% chg)

$0.11 (+0.26%)
Prev Close
$43.11
Open
$42.97
Day's High
$43.22
Day's Low
$42.84
Volume
233,072
Avg. Vol
1,700,703
52-wk High
$43.27
52-wk Low
$26.65

Latest Key Developments (Source: Significant Developments)

Toll Brothers Q3 earnings per share $0.87
Tuesday, 22 Aug 2017 05:51am EDT 

Aug 22 (Reuters) - Toll Brothers Inc :Toll brothers reports FY 2017 3rd quarter and 9 month results.Q3 earnings per share $0.87.Q3 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue $5.6 billion to $6.0 billion.Q3 revenue $1.5 billion versus I/B/E/S view $1.51 billion.Toll Brothers Inc says ‍now estimates it will deliver between 7,000 and 7,300 homes in FY 2017, compared to previous guidance of 6,950 to 7,450 units​.Toll Brothers Inc - ‍Expects FY 2017 fourth-quarter deliveries of between 2,275 and 2,575 units with an average price of between $840,000 and $860,000​.Toll Brothers - Quarter end backlog of $5.31 billion and 6,282 units rose 21% in dollars and units, compared to FY 2016’s third-quarter-end backlog.Sees ‍average delivered price for FY 2017's full year of between $800,000 and $825,000 per home​.Toll Brothers Inc says ‍expects its fourth-quarter FY 2017 adjusted gross margin to improve 35 to 50 basis points from FY 2017's third-quarter​.  Full Article

Toll Brothers Inc says gave redemption notice to holders of its outstanding 0.50 percent exchangeable senior notes due 2032 - SEC filing
Tuesday, 15 Aug 2017 04:41pm EDT 

Aug 15 (Reuters) - Toll Brothers Inc :Toll brothers Inc says its unit delivered a notice of redemption to holders of its outstanding 0.50 percent exchangeable senior notes due 2032 - SEC filing.Toll Brothers Inc says pursuant to notice issuer will redeem all $287.5 million aggregate principal amount of outstanding notes.Toll Brothers Inc says notes will be redeemed on September 15, 2017 at a redemption price in cash of 100 percent of principal amount of notes.  Full Article

Toll Brothers director Richard Braemer sells 15,000 shares of co's common stock on June 8
Monday, 12 Jun 2017 11:44am EDT 

June 12 (Reuters) - Toll Brothers Inc :Toll Brothers director Richard Braemer reports open market sale of 15,000 shares of co's common stock on June 8 at $37.74 per share - SEC filing.  Full Article

Toll Brothers prices $150 mln of senior notes
Wednesday, 7 Jun 2017 06:50pm EDT 

June 7 (Reuters) - Toll Brothers Inc TOL.N::Toll Brothers, Inc. prices $150 million of senior notes.Priced tack-on offering of additional $150 million of 4.875 pct senior notes due march 15, 2027 issued by unit Toll Brothers Finance Corp.Toll Brothers Inc - additional notes to be issued at price of 103.655 pct of principal plus accrued interest from, and including, march 10, 2017 to, but excluding, june 12, 2017.  Full Article

Toll Brothers reports Q2 EPS $0.73
Tuesday, 23 May 2017 05:00am EDT 

May 23 (Reuters) - Toll Brothers Inc :Toll brothers reports FY 2017 2nd quarter and six month results.Q2 earnings per share $0.73.Q2 earnings per share view $0.63 -- Thomson Reuters I/B/E/S.Q2 revenue $1.36 billion versus i/b/e/s view $1.27 billion.Sees FY 2017 revenue $5.4 billion to $6.1 billion.Says reaffirms its previous guidance for full FY adjusted gross margin.Sees FY 2017 third-quarter deliveries of between 1,675 and 1,975 units with an average price of between $790,000 and $815,000.Quarter end backlog of $5.00 billion and 6,018 units rose 19% in dollars and 22% in units, compared to FY 2016's second-quarter-end backlog.  Full Article

Toll Brothers prices $300 million of senior notes
Tuesday, 7 Mar 2017 09:13pm EST 

Toll Brothers Inc : Toll Brothers, Inc. prices $300 million of senior notes . priced an underwritten public offering of $300 million of 4.875% senior notes due march 15, 2027 .notes issued by Toll Brothers Finance Corp will have coupon of 4.875% and will pay interest semi-annually on March 15 and September 15.  Full Article

Toll Brothers reports qtrly earnings per share $0.42
Wednesday, 22 Feb 2017 05:00am EST 

Toll Brothers Inc : Toll Brothers reports FY 2017 1st quarter results . Q1 earnings per share $0.42 . Q1 earnings per share view $0.35 -- Thomson Reuters I/B/E/S . Q1 revenue $920.7 million versus i/b/e/s view $903.8 million . Sees FY 2017 revenue $5.2 billion to $6.2 billion . Expects FY 2017 second-quarter deliveries of between 1,350 and 1,650 units with an average price of between $810,000 and $835,00 . FY 2017 should be another year of substantial growth . Increasing mid-point of delivery guidance for full FY 2017 by 100 units and now expects FY 2017 deliveries of between 6,700 and 7,500 units . Company's second-quarter FY 2017 other income and income from unconsolidated entities is expected to be between $40 million and $60 million .Quarter end backlog of $4.35 billion and 5,145 units rose 19% in dollars and 21% in units, compared to FY 2016's first-quarter-end backlog.  Full Article

Toll Brothers announces initiation of cash dividend
Tuesday, 21 Feb 2017 05:15pm EST 

Toll Brothers Inc - : Toll Brothers announces initiation of cash dividend .Toll Brothers Inc - first dividend of $0.08 per share will be paid on April 28, 2017.  Full Article

Toll Brothers Executive Chairman Robert Toll's FY 2016 total compensation was $8.42 mln
Tuesday, 31 Jan 2017 05:24pm EST 

Toll Brothers Inc : Executive Chairman Robert Toll's FY 2016 total compensation $8.42 million versus $8.02 million - sec filing . CEO Douglas Yearley's FY 2016 total compensation $12.2 million versus $9.81 million in FY 2015 .CFO Martin Connor's FY 2016 total compensation $4.2 million versus $3.46 million in FY 2015.  Full Article

Toll Brothers Q4 earnings per share $0.67
Tuesday, 6 Dec 2016 05:00am EST 

Toll Brothers Inc : Expects FY 2017 Q1 deliveries of between 1,000 and 1,250 units with an average price of between $750,000 and $780,000 . Expect fy 2017 adjusted gross margin to be between 24.8% and 25.3% of revenues . Q4 backlog of $3.98 billion and 4,685 units increased 14% in dollars and 15% in units, compared to fy 2015's q4 end backlog of $3.50 billion and 4,064 units . Expect full FY 2017 deliveries of between 6,500 and 7,500 units with an average price of between $775,000 and $825,000 . Expects FY 2017 q1 deliveries of between 1,000 and 1,250 units with an average price of between $750,000 and $780,000 . Seeing positive demand trends in many regions for 2017 . Expect FY 2017 will be another year of solid growth in revenues and profits . Expect combination of purchase accounting and lower gross margin from coleman homes acquisition to reduce overall adjusted gross margin by 30 to 40 basis points in fy 2017 . Toll brothers reports 4th quarter and fye 2016 results . Q4 earnings per share $0.67 . Q4 earnings per share view $0.99 -- Thomson Reuters I/B/E/S .Q4 revenue $1.86 billion versus i/b/e/s view $1.79 billion.  Full Article

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Toll's average price to fall as millennials buy cheaper homes

Toll Brothers Inc's falling average selling price (ASP) signals a new normal for luxury homebuilders in the United States as they sell more, but lower-priced homes, to thrifty millennials.