Toll Brothers Q3 results fall on lower deliveries

Toll Brothers reaffirmed fiscal 2026 guidance, including home sales revenue of about $10.5 billion. It expects fourth-quarter deliveries of 3,450-3,550 units and fiscal 2026 deliveries of 10,500-10,600 units.

The company raised its projected fiscal 2026 share repurchases to $700 million from $650 million.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell". Wall Street's median 12-month price target for Toll Brothers Inc is $175.00, about 20.3% above its August 17 closing price of $145.45.

Toll Brothers reported fiscal third-quarter revenue and earnings per share declined year over year amid a challenging market.

The U.S. luxury homebuilder said net signed contract value grew 5% year over year despite lower deliveries. Quarterly home sales revenue fell 8% as deliveries dropped to 2,662 from 2,959, partly offset by a higher average delivered price.

The company repurchased $206.8 million in shares during the quarter.