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Today's Research Reports on Stocks to Watch: Toll Brothers and Tyson Foods

NEW YORK, NY / ACCESSWIRE / August 22, 2018 / Toll Brother's third quarter financial report and outlook helped it see big gains in Tuesday's trading session, also helping other home building related stocks pop as well including Beazer Homes USA, LGI Homes Inc., Meritage Homes Corp., and KB Home. Shares of Tyson were modestly in the red. It was on Monday that the largest American-owned processor and marketer of protein-centric brands, announced that it would be buying Keystone Foods for $2.16 billion.

RDI Initiates Coverage on:

Toll Brothers, Inc.
https://www.rdinvesting.com/report/?ticker=TOL

Tyson Foods, Inc.
https://www.rdinvesting.com/report/?ticker=TSN

Toll Brothers, Inc. shares closed up 13.79% on about 20 million shares traded on Tuesday. Trading volume was explosive compared to the stock's average trading volume of almost 2.4 million shares. It was an earnings beat and the company raising its guidance to the highest level ever in history that had shares popping on Tuesday. The home builder reported third quarter earnings per share of $1.26. This is compared to 87 cents per share in the year-ago period and much higher than the $1.03 that analysts were expecting. Revenue climbed 27 percent year-over-year to $1.91 billion, also higher than the $1.81 billion that was expected. Toll Brothers revealed its home deliveries had jumped 18% in the quarter to 2,246 units. This was way ahead of the guided 2,100 to 2,200 units. Net signed contracts saw 12% growth and were valued at $2.03 billion. The company has forecast for 2018 deliveries to be 8,100-8,400 units, with an average price range of $835,000-$860,000. For the fourth quarter, Toll Brothers has guided deliveries in the range of 2,550 to 2,850, with an average price in the range of $840,000 to $870,000. CEO Doug Yearley said on the earnings call, "We completed fiscal year 2018's third quarter on July 31st, with excellent results. Earnings per share rose 45% and net income rose 30%. Pre-tax income rose 24%, and income from operations essentially our home building operation rose 33%. Revenues this quarter were $1.91 billion, which positions us for the highest full year revenues in our history."

Access RDI's Toll Brothers, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=TOL

Tyson Foods, Inc. was modestly in the red on Tuesday, closing down 0.77% on trading volume more than twice as high as usual. It was earlier in the week that the company announced that it would be acquiring Marfrig Global Foods' Keystone Foods business for $2.16 billion. Keystone Foods is a major meat and poultry supplier in the food service industry according to Tyson. The company said the acquisition is fueling Tyson Foods' growth strategy and expanding its protein capabilities. President and CEO of Tyson Foods Tom Hayes said the acquisition will help the company grow globally and remarked, "Keystone provides a significant foundation for international growth with its in-country operations, sales and distribution network in high growth markets in the Asia Pacific region as well as exports to key markets in Europe, the Middle East and Africa."

Access RDI's Tyson Foods, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=TSN

Our Actionable Research on Toll Brothers, Inc. (NYSE: TOL) and Tyson Foods, Inc. (NYSE: TSN) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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