Today's Research Reports on Stocks to Watch: The Boeing Company and Toll Brothers
NEW YORK, NY / ACCESSWIRE / August 23, 2017 / The Boeing Company saw its shares head higher after the company announced that it had scored a huge contract with the Air Force yesterday to build the next generation U.S. nuclear missiles. Shares of Toll Brothers fell into the red after reporting mixed earnings results for the third quarter and narrowing its outlook for the full year.
RDI Initiates Coverage on:
The Boeing Company
https://rdinvesting.com/news/?ticker=BA
Toll Brothers, Inc.
https://rdinvesting.com/news/?ticker=TOL
The Boeing Company's shares leaped forward yesterday after announcing that it had won a big Air Force nuclear missile contract. The United States Air Force has awarded the company a $349 million contract to develop the next generation of U.S. nuclear missiles. The company will do preliminary design work on the U.S.A's next intercontinental ballistic missile. According to Boeing, the work on the Ground Based Strategic Deterrent replacement program will be done in Huntsville, Alabama; Ogden, Utah; Heath, Ohio; and other locations. Frank McCall, Boeing director of Strategic Deterrence Systems, said, "Since the first Minuteman launch in 1961, the U.S. Air Force has relied on our technologies for a safe, secure and reliable ICBM force. As the Air Force prepares to replace the Minuteman III, we will once again answer the call by drawing on the best of Boeing to deliver the capability, flexibility and affordability the mission requires." Shares of Boeing closed up 1.73% on nearly 3 million shares traded yesterday.
Access RDI's The Boeing Company Research Report at:
https://rdinvesting.com/news/?ticker=BA
Toll Brothers, Inc. shares closed down 2.59% on Tuesday with nearly 5 million shares traded. Though the company topped Q3 net income, it missed on revenues. The luxury homebuilder reported EPS of 87 cents a share which easily beat the 69 cents that Wall Street was expecting. Revenue of $1.50 billion was slightly lower than the $1.51 billion that analysts were waiting for. What may have really disappointed traders was the fact that the company also narrowed its full-year revenue outlook. Looking ahead, the Horsham, Pennsylvania-based company has forecast that it will sell between 7,000 and 7,300 homes for the fiscal year ended in October. Previously the company had expected 6,950 to 7,450 homes. Revenue is now expected to be $5.6 billion to $6.0 billion, compared to a previous forecast of $5.4 billion to $6.1 billion. Since the beginning of 2017, shares of the stock have climbed over 20% and over 29% in last one year.
Access RDI's Toll Brothers, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TOL
Our Actionable Research on The Boeing Company (NYSE: BA) and Toll Brothers, Inc. (NYSE: TOL) downloaded free of charge at Research Driven Investing.
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