Analysts forecast that Thor Industries, Inc. (NYSE:THO) will announce $2.43 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Thor Industries’ earnings, with the lowest sales estimate coming in at $2.31 billion and the highest estimate coming in at $2.57 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 29.9%. The firm is scheduled to announce its next earnings results on Thursday, September 19th.
According to Zacks, analysts expect that Thor Industries will report full year sales of $7.98 billion for the current fiscal year, with estimates ranging from $7.86 billion to $8.12 billion. For the next financial year, analysts expect that the business will report sales of $9.59 billion, with estimates ranging from $9.02 billion to $10.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Thor Industries.
Thor Industries (NYSE:THO) last released its earnings results on Monday, June 10th. The construction company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 earnings per share.
A number of analysts have recently weighed in on THO shares. SunTrust Banks reiterated a “buy” rating and set a $80.00 target price on shares of Thor Industries in a research report on Tuesday, June 11th. Citigroup dropped their price objective on Thor Industries from $78.00 to $70.00 in a research report on Monday, June 17th. Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “strong sell” rating in a research report on Wednesday, May 29th. Finally, Northcoast Research began coverage on Thor Industries in a research report on Friday, June 14th. They set a “buy” rating and a $67.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Thor Industries currently has an average rating of “Hold” and an average price target of $80.44.
Shares of NYSE:THO traded down $1.24 during trading on Friday, reaching $56.99. 469,404 shares of the company traded hands, compared to its average volume of 608,101. The business’s 50 day moving average price is $57.88. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.81 and a beta of 1.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 0.91. Thor Industries has a 52 week low of $47.71 and a 52 week high of $109.94.
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a $0.39 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.56 dividend on an annualized basis and a yield of 2.74%. Thor Industries’s payout ratio is presently 18.25%.
In other news, Director James L. Ziemer bought 3,545 shares of the stock in a transaction on Monday, July 8th. The stock was acquired at an average price of $57.23 per share, with a total value of $202,880.35. Following the acquisition, the director now directly owns 15,263 shares in the company, valued at $873,501.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation N.A. acquired a new stake in shares of Thor Industries in the first quarter valued at about $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Thor Industries in the first quarter valued at about $34,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Thor Industries in the first quarter valued at about $39,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Thor Industries in the first quarter valued at about $70,000. Finally, Exane Derivatives increased its stake in shares of Thor Industries by 120.6% in the first quarter. Exane Derivatives now owns 1,403 shares of the construction company’s stock valued at $87,000 after buying an additional 767 shares during the period. 85.06% of the stock is owned by institutional investors and hedge funds.
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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