Toll Brothers, Inc. (TOL) announced the company now estimates it will deliver between 7,000 and 7,300 homes in fiscal 2017, compared to previous guidance of 6,950 to 7,450 units. It believes the average delivered price will be between $800,000 and $825,000 per home. This translates to projected revenues of between $5.6 billion and $6.0 billion. The company has updated its previous guidance for fiscal 2017 adjusted Gross Margin to between 24.8% and 25.0% of revenues.
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