Toll Brothers Q4 Beats Expectations, But Guidance Leaves Analysts Cautious
Shares of Toll Brothers Inc (NYSE:TOL) fell in early trading on Tuesday, even after the company reported upbeat fiscal fourth-quarter results.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs On Toll Brothers
Analyst Susan Maklari maintained a Neutral rating and price target of $149.
Toll Brothers reported its quarterly earnings, ex-charges, at $4.81 per share, higher than consensus of $4.34 per share, with the outperformance being “driven by the HB EBIT margin,” Maklari said in a note. The company delivered despite a tough operating backdrop, with rates rising through the quarter, she added.
The quarterly performance reflects “the financial profile of Toll’s core, luxury buyers as well as company efforts to bring more affordable units to the market,” the analyst wrote. However, Toll Brothers guided to fiscal 2025 deliveries of 11,400 units at the midpoint and gross margins of around 27.3%, short of expectations, she further stated.
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