When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Toll Brothers (TOL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Toll Brothers currently has an average brokerage recommenda ...

After exceeding top and bottom line expectations for its fiscal third quarter on Wednesday, the incredible rally in Toll Brothers (TOL)  stock could continue.Soaring over +80% year to date, Toll Brothers stock has impressively outperformed the broader market and many of its home builder peers including KB Home (KBH)  and Lennar Corporation (LEN)  which have soared more than +50% respectively.Image Source: Zacks Investment ResearchToll Brothers Q3 ResultsDelivering 2,814 homes at an average price of $968,000 ...

ATLANTA, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, is now offering a limited number of quick move-in and move-in ready homes at Highlands at Vinings, a luxury new home community featuring four-story townhomes with private elevators in each residence and sought-after rooftop terraces in Atlanta, Georgia. The community is located at 2741 Wynberry Lane in the vibrant downtown Vinings area of Atlanta. Brand new, move-in ready townhomes in the ...

RICHMOND, Texas, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Toll Brothers at StoneCreek, is now open for sale in Richmond, Texas, offering a variety of home designs set within a tranquil setting in an ideal location. The Toll Brothers Sales Center and professionally decorated model home are now open daily for tours at 5318 Gilded Estates Drive in Richmond. Situated in the desirable StoneCreek Estates m ...

Toll Brothers TodayTOLToll Brothers$142.45 +1.42 (+1.01%) 52-Week Range$68.08▼$146.75Dividend Yield0.65%P/E Ratio9.73Price Target$132.19Add to WatchlistToll Brothers NYSE: TOL is one of the largest home-building companies in the United States. In 2023, the company's revenue was nearly $10 billion, putting it in fourth place behind giants like Lennar Corp NYSE: LEN and  D.R. Horton NYSE: DHI.Shares have performed well in 2024, providing a total return of 38%, significantly outpacing the market and its indust ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Read More: ...

Toll Brothers, Inc. (TOL) shares gained 0.7% in the after-hours trading session on Aug 20, after it reported impressive third-quarter fiscal 2024 (ended Jul 31, 2024) results. Its earnings and revenues surpassed the Zacks Consensus Estimate.However, on a year-over-year basis, earnings declined despite revenue growth.Nonetheless, the company witnessed solid deposit and traffic activity through the first three weeks of August. TOL remains optimistic for the future as demand continues to be solid through the e ...

财务数据和关键指标变化 - 第三季度营收为27.2亿美元,创下第三季度新高,同比增长2% [26] - 交付2,814套房,同比增长11.5% [26] - 全年交付量预计在10,650-10,750套之间,较之前指引增加100套 [27] - 全年平均交付价格预计为975,000美元,较之前指引增加10,000美元 [27] - 第三季度毛利率为28.8%,超出指引110个基点,主要由于运营效率提高和产品组合有利 [29] - 全年毛利率指引从28%上调至28.3% [30] - 第三季度销售费用和管理费用占营收比例为9%,优于指引20个基点 [31] - 全年销售费用和管理费用占营收比例预计为9.4%,较之前指引改善20个基点 [32] 各条业务线数据和关键指标变化 - 第三季度签约2,490套,同比增长约11%,签约金额24亿美元,也增长约11% [28] - 第三季度签约均价约967,000美元,与去年同期和上季度基本持平 [28] 各个市场数据和关键指标变化 - 第三季度需求表现参差不齐,5月开始强劲但6月放缓,7月为该季度最强劲 [9] - 需求强劲的市场包括新泽西、宾夕法尼亚、华盛顿特区大都市区、南卡罗来纳、亚特兰大、博伊西、拉斯维加斯和加州 [10] - 德克萨斯州8月表现良好,奥斯汀有一些库存积压,但达拉斯和休斯顿没有库存问题 [95][96] - 佛罗里达州表现一般,毛利率在公司平均水平 [97][98] 公司战略和发展方向及行业竞争 - 公司正在扩大地域和价格区间,增加更多可负担的豪华社区,同时提高spec房比例,以满足需求并提高运营效率 [15] - 公司spec房占订单和交付的比例分别为54%和49% [16] - 公司计划在2025财年继续增加社区数量,有足够的土地储备支持增长 [20][35] - 公司在土地收购和开发方面更加注重资本效率,包括使用期权安排、土地银行、合资等方式 [22] - 公司将继续保持积极的股票回购和派息政策,以维持较高的股本回报率 [22][24] 管理层对经营环境和未来前景的评论 - 公司对未来市场前景保持乐观,认为需求基本面依然良好,包括人口因素、供给缺口等 [10][12][13] - 公司认为利率下降和供给正常化将有利于行业发展,但供给缺口难以完全弥补 [13][15] - 公司认为自身的业务模式调整和运营效率提升有助于在不同市场环境下保持良好业绩 [14][41] 其他重要信息 - 公司第三季度末净负债率为19.6%,现金和可用信贷额度充足 [36] - 公司全年股票回购指引从5亿美元上调至6亿美元,并将继续保持积极的资本回报政策 [22][24][110] - 公司预计2024财年每股收益在14.50-14.75美元之间,权益回报率约22.5% [38] 问答环节重要的提问和回答 问题1 **Stephen Kim提问** 询问公司毛利率和运营效率的可持续性 [40] **Douglas Yearley回答** 公司认为27%-28%的长期毛利率目标是可持续的,未来几年内这一水平是合理的 [41] 问题2 **John Lovallo提问** 询问公司未来交付增长的信心 [53] **Douglas Yearley回答** 公司很有信心,spec房比例保持在50%左右有助于提高交付速度和转化率 [54][55] 问题3 **Alan Ratner提问** 询问公司在利率下降后是否有提价和减少优惠的计划 [62] **Douglas Yearley回答** 公司正在观察市场,预计随着需求改善,有望在秋季获得更多定价权 [63][64][65]

文章核心观点 - 公司本季度营收为27.3亿美元,同比增长1.5% [1] - 每股收益为3.60美元,去年同期为3.73美元 [1] - 公司的营收和每股收益均超出了分析师的预期 [2] 公司财务指标总结 交付房屋数量 - 交付房屋数量为2,814套,略高于分析师预期的2,811套 [6] - 订单量为2,490套,低于分析师预期的2,843套 [7] - 订单量下降可能会影响未来的收入和利润 平均售价 - 交付房屋的平均售价为968.20美元,高于分析师预期的955.56美元 [7] - 订单量的平均售价为1,044美元,高于分析师预期的1,016.42美元 [8] - 较高的平均售价有利于公司的利润率 销售社区数量 - 公司的销售社区数量为404个,略高于分析师预期的400个 [10] - 销售社区数量的增加有利于公司的销售业绩 营收构成 - 房地产销售收入为27.2亿美元,同比增长1.9%,超出分析师预期 [13] - 土地销售收入为347万美元,同比下降73.4%,低于分析师预期 [12] - 房地产销售收入是公司主要的收入来源 毛利率 - 房地产销售毛利为7.47亿美元,高于分析师预期的7.06亿美元 [14] - 较高的毛利率有利于公司的盈利能力

Tuesday, August 20th, 2024It was bound to happen sooner or later. The S&P 500 just ended its eight-session winning streak today, and it did so with a mere whimper: -0.20% on the day. The start of August began the rollercoaster ride down for the major indexes, and the S&P took out that level last week. Due to a lack of wind in our sails at present, it’s not really a surprise to see a flattish trading day.The Dow was very similar, down -71 points or -0.15% on the session, and the Nasdaq was a tad lower, -36 p ...