Wall Street analysts predict that Thor Industries, Inc. (NYSE:THO) will announce sales of $2.53 billion for the current quarter, according to Zacks. Three analysts have made estimates for Thor Industries’ earnings, with the highest sales estimate coming in at $2.62 billion and the lowest estimate coming in at $2.49 billion. Thor Industries posted sales of $1.87 billion in the same quarter last year, which suggests a positive year over year growth rate of 35.3%. The company is expected to issue its next earnings results on Thursday, September 19th.
On average, analysts expect that Thor Industries will report full-year sales of $8.25 billion for the current financial year, with estimates ranging from $8.04 billion to $8.42 billion. For the next fiscal year, analysts forecast that the business will report sales of $9.78 billion, with estimates ranging from $9.61 billion to $9.91 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 10th. The construction company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.60 billion. Thor Industries had a return on equity of 17.27% and a net margin of 3.21%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $2.53 earnings per share.
A number of equities research analysts have weighed in on the company. Bank of America assumed coverage on Thor Industries in a report on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 price objective on the stock. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. SunTrust Banks upped their price target on shares of Thor Industries to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, February 12th. Jefferies Financial Group began coverage on shares of Thor Industries in a report on Thursday, March 28th. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Thor Industries has an average rating of “Hold” and a consensus target price of $86.13.
A number of institutional investors and hedge funds have recently bought and sold shares of THO. Patten Group Inc. lifted its holdings in shares of Thor Industries by 40.0% in the fourth quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after acquiring an additional 160 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Thor Industries by 3.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 6,066 shares of the construction company’s stock valued at $378,000 after purchasing an additional 196 shares during the period. Oakbrook Investments LLC lifted its stake in Thor Industries by 3.3% during the 1st quarter. Oakbrook Investments LLC now owns 6,200 shares of the construction company’s stock valued at $387,000 after acquiring an additional 200 shares in the last quarter. Securian Asset Management Inc raised its stake in shares of Thor Industries by 3.9% during the 1st quarter. Securian Asset Management Inc now owns 6,373 shares of the construction company’s stock worth $397,000 after purchasing an additional 237 shares during the period. Finally, Comerica Bank raised its stake in shares of Thor Industries by 0.8% during the 4th quarter. Comerica Bank now owns 34,970 shares of the construction company’s stock worth $2,248,000 after purchasing an additional 289 shares during the period. 87.01% of the stock is owned by institutional investors and hedge funds.
Shares of THO stock opened at $55.24 on Wednesday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.71 and a beta of 1.82. Thor Industries has a 1 year low of $47.71 and a 1 year high of $109.94.
About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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