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Tuesday, August 26, 2014

Higher Toll Brothers Home Prices Boost Builder Prospects



Investors.com http://ift.tt/1nyuPVD Sterne Agee raised its full-year earnings estimates on luxury homebuilder Toll Brothers, citing higher-than-anticipated growth in the company's average home-sale closing prices. In a note released Tuesday morning, Sterne Agee analyst Jay McCanless said that he anticipates Toll Brothers' (TOL) average home-sale closing price will be $720,219 for the company's fiscal third quarter, which Toll is due to report before the stock market open on Sept. 3.


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