Toll Brothers shares have risen 9.8% since its last earnings report, outperforming the S&P 500. The company reported adjusted earnings per share of $2.72 for its fiscal second quarter ended April 30, beating the Zacks Consensus Estimate of $2.58, while total revenues of $2.53 billion surpassed the consensus of $2.41 billion. Home deliveries declined 14.1% to 2,491 units, but the average delivered price rose 8% to about $1,008,600, reflecting a favorable luxury mix. Net signed contracts increased 6.9% to 2,834 homes, and the company raised its full-year delivery guidance to between 10,400 and 10,700 units. Toll Brothers repurchased about 1.2 million shares for $175.4 million and increased its quarterly dividend to 26 cents per share.
Toll Brothers IncBeat earnings estimates, raised guidance, and announced buybacks/dividend increase.