Toll Brothers, Inc. (NYSE:TOL) reported upbeat earnings for its fourth quarter on Tuesday.
Toll Brothers posted quarterly earnings of $4.11 per share, beating market estimates of $3.71 per share. The company’s quarterly sales came in at $3.02 billion versus estimates of $2.77 billion.
Toll Brothers said it sees first-quarter deliveries of 1,800-1,900 and FY24 deliveries of 9,850-10,350.
Toll Brothers shares gained 2.6% to trade at $91.23 on Thursday.
These analysts made changes to their price targets on Toll Brothers following earnings announcement.
- Barclays boosted the price target on Toll Brothers from $74 to $95. Barclays analyst Matthew Bouley maintained an Underweight rating.
- Goldman Sachs increased the price target on Toll Brothers from $68 to $78. Goldman Sachs analyst Susan Maklari maintained a Sell rating.
- UBS increased the price target on Toll Brothers from $96 to $112. UBS analyst John Lovallo maintained a Buy rating.
- RBC Capital increased the price target on Toll Brothers from $90 to $97. RBC Capital analyst Mike Dahl maintained an Outperform rating.
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