Toll Brothers Sees FY24 EPS $14.50-$14.75 Vs $14.20 Est.
Portfolio Pulse from Benzinga Newsdesk
Toll Brothers has raised its full-year guidance for FY24, expecting EPS between $14.50 and $14.75, surpassing previous estimates. The company plans to increase its community count by 11% and has a strong balance sheet with increased share repurchase plans.
August 20, 2024 | 8:34 pm
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Toll Brothers has increased its FY24 EPS guidance to $14.50-$14.75, above the previous estimate of $14.20. The company is also expanding its community count and increasing share repurchases, indicating strong financial health and growth prospects.
The increase in EPS guidance above estimates suggests positive financial performance, likely boosting investor confidence. The expansion in community count and increased share repurchase plans further indicate strong growth and financial health, which are positive signals for the stock price.
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