Toll Brothers (TOL) Misses Q4 EPS by 2c; Offers FY18 Financial Guidance

Toll Brothers (NYSE: TOL) reported Q4 EPS of $1.17, $0.02 worse than the analyst estimate of $1.19.

FY 2018 Financial Guidance:

• First quarter deliveries of between 1,300 and 1,500 units with an average price of between $820,000 and $840,000
• FY deliveries of between 7,700 and 8,700 units with an average price of between $810,000 and $860,000
• FY Adjusted Gross Margin of between 23.75% and 24.25% of revenues; first quarter Adjusted Gross Margin of 23.3%
• FY SG&A, as a percentage of FY revenues of approximately 10.0%; first quarter SG&A, as a percentage of first quarter revenues, of approximately 13.3%
• FY Other income and Income from unconsolidated entities of between $130 million and $170 million, with approximately $40 million in the first quarter
• Absent any tax reform, FY tax rate of approximately 37.0%; first quarter tax rate of approximately 33.5%

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

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