Toll Brothers (TOL) Misses Q4 EPS by 2c

Toll Brothers (NYSE: TOL) reported Q4 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.34 billion.

• Net signed contracts of $970.8 million and 1,282 units rose 16% in dollars and 10% in units, compared to FY 2013's fourth quarter totals of $839.0 million and 1,163 units. The average price of net signed contracts was $757,000, compared to $721,000 in FY 2013's fourth quarter. On a per-community basis, FY 2014's fourth-quarter net signed contracts were 5.01, compared to fourth-quarter totals of 5.17 in FY 2013, 4.86 in FY 2012, 3.04 in FY 2011 and 2.94 in FY 2010.
• Backlog of $2.72 billion and 3,679 units increased 3% in dollars and was even in units, compared to FY 2013's fourth-quarter-end backlog of $2.63 billion and 3,679 units. At fourth-quarter end, the average price of homes in backlog was $739,000, compared to $715,000 at FY 2013's fourth-quarter end.

For earnings history and earnings-related data on Toll Brothers (TOL) click here.

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