Toll Brothers Sees Q3 Adjusted Home Sales Gross Margin Of 27.7%; Continues To See 28.0% For FY24
Portfolio Pulse from Benzinga Newsdesk
Toll Brothers has reported a Q3 adjusted home sales gross margin of 27.7% and expects a 28.0% margin for FY24. The company has increased its full-year revenue and earnings guidance, projecting earnings of approximately $14.00 per diluted share in fiscal 2024 with a return on beginning equity of around 22%.
May 21, 2024 | 8:45 pm
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Toll Brothers has reported strong Q3 results with an adjusted home sales gross margin of 27.7% and has raised its full-year revenue and earnings guidance. The company now expects to earn approximately $14.00 per diluted share in fiscal 2024 with a return on beginning equity of around 22%.
The strong Q3 results and increased full-year guidance are likely to positively impact Toll Brothers' stock price in the short term. The raised earnings expectations and high return on equity indicate strong financial health and growth prospects.
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