By Chip Brian, SmarTrend Analytics Team 2/25/2010 Citigroup maintained its buy rating on Toll Brothers ( NYSE:TOL ) but lowered its price target to $24.00 from $25.00 to reflect a slightly lower estimate of trough tangible book value. Analyst Josh Levin said, "While we are highly confident that a long TOL position will pay off handsomely, we are not sure if the payoff will take place next month, next quarter or in late '10. 
Share:  By Chip Brian, SmarTrend Analytics Team 2/25/2010 Citigroup maintained its buy rating on Toll Brothers ( <span class="company">NYSE:TOL</span> ) but lowered its price target to $24.00 from $25.00 to reflect a slightly lower estimate of trough tangible book value.<span class="sent"> Analyst <span class="analyst">Josh Levin</span> said, "While we are highly confident that a long TOL position will pay off handsomely, we are not sure if the payoff will take place next month, next quarter or in late '10.</span>...By Chip Brian, SmarTrend Analytics Team 2/25/2010 Citigroup maintained its buy rating on Toll Brothers ( <span class="company">NYSE:TOL</span> ) but lowered its price target to $24.00 from $25.00 to reflect a slightly lower estimate of trough tangible book value.<span class="sent"> Analyst <span class="analyst">Josh Levin</span> said, "While we are highly confident that a long TOL position will pay off handsomely, we are not sure if the payoff will take place next month, next quarter or in late '10.</span> Tweet this 

Shared ended 0.3% higher. Meanwhile, homebuilder   Toll Brothers showed more signs of improvement in first quarter results. Morningstar analyst Eric Landry says unit orders increased nearly 100% from last year's dismal first quarter, and community absorption paces are trending higher (but not yet back to historical levels). Shares fell 0.6%. Click here for the latest market commentary from Briefing.com. 
Share:  Shared ended 0.3% higher. Meanwhile, homebuilder   <span class="company">Toll Brothers</span> showed more signs of improvement in first quarter results.<span class="sent"> Morningstar analyst <span class="analyst">Eric Landry</span> says unit orders increased nearly 100% from last year's dismal first quarter, and community absorption paces are trending higher (but not yet back to historical levels).</span> Shares fell 0.6%. Click here for the latest market commentary from Briefing.com. Tweet this 

Shared were 08% lower at midday Meanwhile, homebuilder   Toll Brothers showed more signs of improvement in first quarter results Morningstar analyst Eric Landry says unit orders increased nearly 100% from last year's dismal first quarter, and community absorption paces are trending higher (but not yet back to historical levels) Shares were off 02% at midday Click here for the latest market commentary from Briefingcom 
Share:  Shared were 08% lower at midday Meanwhile, homebuilder   <span class="company">Toll Brothers</span> showed more signs of improvement in first quarter results<span class="sent"> Morningstar analyst <span class="analyst">Eric Landry</span> says unit orders increased nearly 100% from last year's dismal first quarter, and community absorption paces are trending higher (but not yet back to historical levels)</span> Shares were off 02% at midday Click here for the latest market commentary from Briefingcom Tweet this 

The result: continued sales declines both nationally and at individual builders like Toll, where revenue fell 20 percent to $3267 million in the first quarter "There is still not a lot of visibility as to when they will book the revenue in the contracts they've received," said Ross, who had thought Toll might make a profit in the second half of the year but lowered her estimates to reflect a loss in each quarter and a loss of $125 for the year The first quarter loss included writedowns of $334 million, sharply lower than last year's $1566 million "The outperformance was primarily driven by lower than expected impairments," UBS analyst David Goldberg wrote in a client note 
Share:  The result: continued sales declines both nationally and at individual builders like <span class="company">Toll</span>, where revenue fell 20 percent to $3267 million in the first quarter "There is still not a lot of visibility as to when they will book the revenue in the contracts they've received," said Ross, who had thought <span class="company">Toll</span> might make a profit in the second half of the year but lowered her estimates to reflect a loss in each quarter and a loss of $125 for the year The first quarter loss included writedowns of $334 million, sharply lower than last year's $1566 million<span class="sent"> "The outperformance was primarily driven by lower than expected impairments," UBS analyst <span class="analyst">David Goldberg</span> wrote in a client note</span>...The result: continued sales declines both nationally and at individual builders like <span class="company">Toll</span>, where revenue fell 20 percent to $3267 million in the first quarter "There is still not a lot of visibility as to when they will book the revenue in the contracts they've received," said Ross, who had thought <span class="company">Toll</span> might make a profit in the second half of the year but lowered her estimates to reflect a loss in each quarter and a loss of $125 for the year The first quarter loss included writedowns of $334 million, sharply lower than last year's $1566 million<span class="sent"> "The outperformance was primarily driven by lower than expected impairments," UBS analyst <span class="analyst">David Goldberg</span> wrote in a client note</span> Tweet this 

Since the second half of 2009, homebuilders industrywide have enjoyed an uptick in orders as federal homebuying tax credits have pushed buyers into the market At Toll, orders rose 98 percent to 526 homes and traffic has increased in the past month and even more in the past week, when its winter promotion started "Our sense is that most of the traffic is more serious and more likely to sign contracts so that the traffic will lead to a continuation of better order trends," Credit Suisse analyst Dan Oppenheim wrote in a research note But a widespread lack of mortgage financing is making it hard for Toll to convert its orders into sales because even eager homebuyers are still having trouble either selling their own homes or obtaining mortgages, said BGB Securities analyst Merrill Ross The result: continued sales declines both nationally and at individual builders like Toll, where revenue fell 20 percent to $3267 million in the first quarter 
Share:  Since the second half of 2009, homebuilders industrywide have enjoyed an uptick in orders as federal homebuying tax credits have pushed buyers into the market At <span class="company">Toll</span>, orders rose 98 percent to 526 homes and traffic has increased in the past month and even more in the past week, when its winter promotion started<span class="sent"> "Our sense is that most of the traffic is more serious and more likely to sign contracts so that the traffic will lead to a continuation of better order trends," Credit Suisse analyst <span class="analyst">Dan Oppenheim</span> wrote in a research note</span> But a widespread lack of mortgage financing is making it hard for <span class="company">Toll</span> to convert its orders into sales because even eager homebuyers are still having trouble either selling their own homes or obtaining mortgages, said BGB Securities analyst Merrill Ross The result: continued sales declines both nationally and at individual builders like <span class="company">Toll</span>, where revenue fell 20 percent to $3267 million in the first quarter...<span class="sent">"Our sense is that most of the traffic is more serious and more likely to sign contracts so that the traffic will lead to a continuation of better order trends," Credit Suisse analyst <span class="analyst">Dan Oppenheim</span> wrote in a research note</span> But a widespread lack of mortgage financing is making it hard for <span class="company">Toll</span> to convert its orders into sales because even eager homebuyers are still having trouble eithe Tweet this 

Toll Brothers ( TOL ): The high end homebuilder was out with its first quarter release In short, the company posted a loss of $025 and saw its revenue tank 20% from last year 
Share:  <span class="sent">Toll Brothers ( <span class="company">TOL</span> ): The high end homebuilder was out with its first quarter release In short, the company posted a loss of $025 and saw its revenue tank 20% from last year</span> Tweet this 

* Autodesk rises premarket after profit tops estimates * Toll Brothers beats view * Futures up: Dow 11 pts, S&P 08 pts, Nasdaq 4 pts * For up to the minute market news, click [STXNEWS/US] (Adds new trader quote, updates market activity) By Edward Krudy NEW YORK, Feb 24 (Reuters) , US stock index futures pointed to a slightly higher open on Wednesday as investors looked ahead to congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the US central bank's thinking on the economy Investors have taken a wait and see approach this week and a firmer market direction is expected when Bernanke starts his semiannual testimony on monetary policy and the state of the economy before the US House Financial Services Committee this morning Todd Leone, head of listed trading at Cowen & Co in New York, said investors would look for clues about the course of interest rates and job creation Stocks tumbled Tuesday as an unexpected fall in consumer sentiment rattled investor confidence in an economic recovery 
Share:  * Autodesk rises premarket after profit tops estimates * <span class="company">Toll Brothers</span> beats view * Futures up: Dow 11 pts, S&P 08 pts, Nasdaq 4 pts * For up to the minute market news, click [STXNEWS/US] (Adds new trader quote, updates market activity) By Edward Krudy NEW YORK, Feb 24 (Reuters) , US stock index futures pointed to a slightly higher open on Wednesday as investors looked ahead to congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the US central bank's thinking on the economy Investors have taken a wait and see approach this week and a firmer market direction is expected when Bernanke starts his semiannual testimony on monetary policy and the state of the economy before the US House Financial Services Committee this morning<span class="sent"> <span class="analyst">Todd Leone</span>, head of listed trading at Cowen & Co in New York, said investors would look for clues about the course of interest rates and job creation</span> Stocks tumbled Tuesday as an unexpected fall in consumer sentiment rattled investor confidence in an economic recovery Tweet this 

"The outperformance was primarily driven by lower than expected impairments," wrote UBS analyst David Goldberg in a client note Toll, based in Horsham, Pennsylvania, has operations in 50 markets in 21 states, including second home and golf course communities and condos in addition to its signature high end single family detached product The company's shares were up 34 percent at $1955 during premarket trading (Reporting by Helen Chernikoff and Archana Shankar, editing by Dave Zimmerman) 
Share:  <span class="sent">"The outperformance was primarily driven by lower than expected impairments," wrote UBS analyst <span class="analyst">David Goldberg</span> in a client note <span class="company">Toll</span>, based in Horsham, Pennsylvania, has operations in 50 markets in 21 states, including second home and golf course communities and condos in addition to its signature high end single family detached product</span> The company's shares were up 34 percent at $1955 during premarket trading (Reporting by Helen Chernikoff and Archana Shankar, editing by Dave Zimmerman)...<span class="sent">"The outperformance was primarily driven by lower than expected impairments," wrote UBS analyst <span class="analyst">David Goldberg</span> in a client note <span class="company">Toll</span>, based in Horsham, Pennsylvania, has operations in 50 markets in 21 states, including second home and golf course communities and condos in addition to its signature high end single family detached product</span> The company's shares were up 34 percent at $1955 during premarket trading (Reporting by Helen Chernikoff and Archana Shankar, editing by Dave Zimmerman) Tweet this 

"We believe the housing market is still in choppy waters but the seas are getting calmer," the company said in a statement For its first quarter ended January 31, Toll posted a loss of $408 million, or 25 cents per share, compared with a loss of $889 million, or 55 cents per share, last year and analyst expectations of a loss of 35 cents per share, according to Thomson Reuters I/B/E/S The company saw a 98 percent increase in orders to 526 units in the first quarter and said it saw an uptick in traffic in the past month "Our sense is that most of the traffic is more serious and more likely to sign contracts so that the traffic will lead to a continuation of better order trends," Credit Suisse analyst Dan Oppenheim wrote in a research note Homebuilding revenue fell 20 percent to $3267 million 
Share:  "We believe the housing market is still in choppy waters but the seas are getting calmer," the company said in a statement For its first quarter ended January 31, <span class="company">Toll</span> posted a loss of $408 million, or 25 cents per share, compared with a loss of $889 million, or 55 cents per share, last year and analyst expectations of a loss of 35 cents per share, according to Thomson Reuters I/B/E/S The company saw a 98 percent increase in orders to 526 units in the first quarter and said it saw an uptick in traffic in the past month<span class="sent"> "Our sense is that most of the traffic is more serious and more likely to sign contracts so that the traffic will lead to a continuation of better order trends," Credit Suisse analyst <span class="analyst">Dan Oppenheim</span> wrote in a research note</span> Homebuilding revenue fell 20 percent to $3267 million Tweet this