Toll Brothers' Margin Outlook Conservative - Analysts Explain Why
Toll Brothers' Margin Outlook Conservative - Analysts Explain Why
Toll Brothers, Inc. (NYSE:TOL) shares are trading lower on Wednesday.
Toll Brothers, Inc.（紐約證券交易所代碼：TOL）股價週三走低。
In the second quarter, the company's home sales revenues were $2.65 billion, up 6% year over year; delivered homes were 2,641, also up 6%.
第二季度，該公司的房屋銷售收入爲26.5億美元，同比增長6％；交付房屋爲2641套，也增長6％。
BofA Securities analyst Rafe Jadrosich reiterated a Buy rating with a price forecast of $150.
美銀證券分析師拉菲·賈德羅西奇重申了買入評級，預測價格爲150美元。
According to the analyst, the company's beat is impressive. However, the gross margin outlook is conservative.
根據分析師的說法，該公司的表現令人印象深刻。但是，毛利率前景是保守的。
For the third quarter, the company guided for an adjusted home sales gross margin of 27.7%, in line with the analyst's forecast of 27.6%.
第三季度，該公司預計調整後的房屋銷售毛利率爲27.7％，與分析師預測的27.6％一致。
The analyst cautioned that Mid-Atlantic and Northeastern markets tend to grow more slowly, with potential earnings volatility given historically lumpy City Living sales. However, this segment is now a small portion of the company's overall business.
該分析師警告說，中大西洋和東北市場的增長往往更爲緩慢，鑑於City Living的銷售額歷史低迷，潛在的收益波動性很大。但是，該細分市場現在只佔公司整體業務的一小部分。
RBC Capital Markets analyst Mike Dahl reiterated a Neutral rating on Toll, with a price forecast of $122.
加拿大皇家銀行資本市場分析師邁克·達爾重申了對Toll的中性評級，預測價格爲122美元。
According to the analyst, the company has consistently beat gross margin guidance in recent quarters, so while this could weigh on the stock, it also may be viewed as conservative.
根據分析師的說法，該公司最近幾個季度一直超過毛利率預期，因此，儘管這可能會打壓股票，但也可能被視爲保守。
Wedbush analyst Jay McCanless reiterated a Neutral rating on the company, with a price forecast of $105.
Wedbush分析師傑伊·麥坎萊斯重申了對該公司的中性評級，預計股價爲105美元。
For the bulls, the analyst views the quarterly order beat, the third quarter guidance ahead of current consensus estimates, and the raised FY24 guidance as talking points.
對於多頭而言，分析師將季度訂單超出預期、超出當前共識預期的第三季度指引以及上調的24財年指引視爲話題。
Price Action: TOL shares are trading lower by 8.04% to $119.75 at last check Wednesday.
價格走勢：在週三的最後一次檢查中，TOL股價下跌8.04％，至119.75美元。
Photo by Sundry Photography via Shutterstock
照片由 Sundry 攝影通過 Shutterstock 拍攝