Wall Street brokerages expect that Thor Industries, Inc. (NYSE:THO) will announce sales of $1.87 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Thor Industries’ earnings. The lowest sales estimate is $1.85 billion and the highest is $1.89 billion. Thor Industries posted sales of $1.93 billion during the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The company is scheduled to announce its next quarterly earnings report on Wednesday, September 26th.
On average, analysts expect that Thor Industries will report full year sales of $8.32 billion for the current financial year, with estimates ranging from $8.29 billion to $8.34 billion. For the next year, analysts forecast that the business will post sales of $8.46 billion per share, with estimates ranging from $8.13 billion to $8.79 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Thor Industries.
Several equities analysts recently issued reports on THO shares. Zacks Investment Research lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Stifel Nicolaus restated a “hold” rating and set a $142.00 price target (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. Argus upgraded Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. Aegis upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Finally, Citigroup lowered their price target on Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, June 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $127.13.
Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of Thor Industries in the 4th quarter valued at approximately $134,000. Asset Management One Co. Ltd. bought a new stake in shares of Thor Industries in the 1st quarter valued at approximately $146,000. Good Life Advisors LLC bought a new stake in shares of Thor Industries in the 4th quarter valued at approximately $201,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Thor Industries in the 1st quarter valued at approximately $170,000. Finally, Granite Springs Asset Management LLC bought a new stake in shares of Thor Industries in the 4th quarter valued at approximately $258,000. Institutional investors own 88.68% of the company’s stock.
Shares of Thor Industries stock traded up $0.70 during trading on Monday, reaching $97.39. The company’s stock had a trading volume of 822,078 shares, compared to its average volume of 1,511,482. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 1.67. The firm has a market capitalization of $5.11 billion, a PE ratio of 13.74 and a beta of 1.30. Thor Industries has a one year low of $89.89 and a one year high of $161.48.
Thor Industries announced that its board has authorized a stock repurchase plan on Wednesday, June 20th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, July 2nd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, June 29th. This represents a $1.48 annualized dividend and a yield of 1.52%. Thor Industries’s dividend payout ratio is 20.87%.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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