Thor Industries, Inc. (NYSE:THO) – Jefferies Financial Group issued their FY2019 EPS estimates for shares of Thor Industries in a report issued on Monday, June 10th. Jefferies Financial Group analyst B. Jordan anticipates that the construction company will earn $5.07 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Financial Group also issued estimates for Thor Industries’ Q4 2019 earnings at $1.49 EPS, Q1 2020 earnings at $1.63 EPS, Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $1.77 EPS, Q4 2020 earnings at $1.64 EPS and FY2020 earnings at $6.12 EPS.
A number of other brokerages also recently weighed in on THO. ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Bank of America began coverage on shares of Thor Industries in a research report on Tuesday, March 26th. They set an “underperform” rating and a $62.00 price objective on the stock. SunTrust Banks restated a “buy” rating and set a $80.00 price objective on shares of Thor Industries in a research report on Tuesday. Finally, Northcoast Research assumed coverage on shares of Thor Industries in a research report on Friday. They issued a “buy” rating and a $67.00 price target on the stock. Three investment 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 presently has an average rating of “Hold” and an average target price of $84.00.
Shares of Thor Industries stock opened at $54.24 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.73 and a beta of 1.82. Thor Industries has a twelve month low of $47.71 and a twelve month high of $109.94. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.91 and a current ratio of 1.54.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 10th. The construction company reported $1.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.01). The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a net margin of 1.74% and a return on equity of 15.53%. 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 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Thor Industries by 5.3% during the 1st quarter. BlackRock Inc. now owns 4,632,711 shares of the construction company’s stock valued at $288,945,000 after purchasing an additional 231,869 shares during the period. Vanguard Group Inc raised its position in shares of Thor Industries by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 4,409,980 shares of the construction company’s stock valued at $369,116,000 after purchasing an additional 45,427 shares during the period. Swedbank raised its position in shares of Thor Industries by 9.0% during the 4th quarter. Swedbank now owns 3,630,600 shares of the construction company’s stock valued at $186,395,000 after purchasing an additional 300,400 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Thor Industries by 51.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,057,800 shares of the construction company’s stock valued at $128,345,000 after purchasing an additional 696,621 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Thor Industries by 40.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,393,483 shares of the construction company’s stock valued at $86,912,000 after purchasing an additional 400,882 shares during the period. Institutional investors and hedge funds own 87.01% of the company’s stock.
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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