Toll Brothers (TOL) Tops Q4 EPS by 10c

Toll Brothers (NYSE: TOL) reported Q4 EPS of $1.41, $0.10 better than the analyst estimate of $1.31. Revenue for the quarter came in at $2.38 million versus the consensus estimate of $2.19 million.

Guidance

• First quarter deliveries of between 1,650 and 1,850 units with an average price of between $800,000 and $820,000.
• First quarter Adjusted Home Sales Gross Margin of approximately 21.25%, which is projected to be the low point of the fiscal year.
• First quarter SG&A, as a percentage of home sales revenues, of approximately 13.5%. First quarter SG&A includes approximately $10 million of G&A expense that is not expected to occur in subsequent quarters of fiscal 2020.
• First quarter other income, income from unconsolidated entities, and land sales gross profit of approximately $15 million.
• First quarter tax rate of approximately 26.5%.
• FYE 2020 community count growth of approximately 10%.

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

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