What's Going On With Toll Brothers Stock Wednesday?
What's Going On With Toll Brothers Stock Wednesday?
"Net signed contracts were up year-over-year approximately 11% in both units and dollars, with July being our strongest month in the quarter. We are also encouraged by our solid deposit and traffic activity through the first three weeks of August," said CEO and chairman of Toll Brothers Toll Brothers, Inc. (NYSE:TOL) shares are moving higher on Wednesday after company reported better-than-expected third quarter earnings and issued EPS guidance for the 2024 fiscal year above estimates.
Toll Brothers, Inc.（紐交所：TOL）股價週三上漲，該公司報告第三季度盈利超出預期，併發布了2024財年的每股收益指引高於預期。
The Details: Toll reported earnings on Tuesday after the market closed. The company reported adjusted EPS of $3.60, beating analysts estimate of $3.31 and sales of $2.73 billion, beating analysts estimate of $2.71 billion.
詳情：Toll在週二收盤後公佈了業績。該公司報告調整後的每股收益爲3.60美元，超出分析師預期的3.31美元，並報告銷售額爲27.3億美元，超出分析師預期的27.1億美元。
Toll reported third-quarter home sales revenue of $2.72 billion, a 2% increase from the same period last year. Toll delivered 2,814 homes at an average price of $960,000 throughout the quarter. The adjusted gross margin for home sales was 28.8%, compared to 29.3% in the 2023 fiscal year third quarter.
Toll報告第三季度住宅銷售營業收入爲27.2億美元，比去年同期增長了2%。Toll在本季度交付了2,814套房屋，平均價格爲96萬美元。房屋銷售的調整毛利率爲28.8%，低於2023財年第三季度的29.3%。
"Net signed contracts were up year-over-year approximately 11% in both units and dollars, with July being our strongest month in the quarter. We are also encouraged by our solid deposit and traffic activity through the first three weeks of August," said CEO and chairman of Toll Brothers Douglas C. Yearley.
「淨簽約合同的單位和金額都同比增長了約11%，七月份是本季度我們最強勁的月份。我們也對八月頭三週的可靠存款和客流活動感到鼓舞。」Toll Brothers首席執行官兼董事長Douglas C. Yearley如是說。
"With mortgage rates at their lowest point in a year and trending lower, favorable demographics, and continued imbalance in the supply and demand of homes for sale, we are optimistic that demand will remain solid through the end of fiscal 2024 and into 2025."
"隨着貸款利率降至一年內的最低點並繼續下降，有利的人口結構和持續的房屋供求失衡，我們樂觀地認爲，需求將在2024財年末及2025年保持穩固。"
In addition, the company issued guidance for the 2024 fiscal year. Toll expects EPS between $14.50 and $14.75 versus analysts estimate of $14.20. The company also projects between 10,650 and 10,750 home deliveries for the fiscal year, and between 3,275 and 3,375 deliveries for the fourth quarter.
此外，該公司發佈了2024財年的指引。Toll預計每股收益在14.50至14.75美元之間，而分析師預期爲14.20美元。該公司還預計本財年交付房屋約10,650至10,750套，第四季度交付房屋約3,275至3,375套。
Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.
分析師變化：收益報告發布後，多家分析機構發出了股價目標調整。
- Wedbush analyst Jay McCanless reiterated a Neutral rating on Toll Brothers and maintained a $120 price target.
- Keefe, Bruyette & Woods analyst Jade Rahmani maintained a Outperfom rating on Toll Brothers and maintained a $142 price target.
- Wedbush分析師Jay McCanless重申對Toll Brothers的中立評級，並維持120美元的目標價。
- Keefe, Bruyette & Woods分析師Jade Rahmani對托爾兄弟維持了超額表現評級並保持了$142的價格目標。
Related Link: Target Q2 Earnings: Revenue And Profit Beat, Digital Sales Boost, Annual Profit Outlook Hiked
相關鏈接：目標第二季度盈利：營業收入和利潤超出預期，數字銷售推動增長，年度利潤預測上調
TOL Price Action: Toll Brothers shares are trading 5.41% higher at $140.75 at the time of publication, according to data from Benzinga Pro.
Toll Brothers股票的價格在發佈時按照Benzinga Pro的數據交易，上漲5.41%，至$ 140.75。
Image: Photo by Sundry Photography via Shutterstock
圖片：攝影家Sundry Photography提供的Shutterstock照片
