Brokerages forecast that Thor Industries, Inc. (NYSE:THO) will post sales of $2.55 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Thor Industries’ earnings, with the highest sales estimate coming in at $2.77 billion and the lowest estimate coming in at $2.35 billion. Thor Industries reported sales of $2.00 billion in the same quarter last year, which indicates a positive year over year growth rate of 27.5%. The business is scheduled to issue its next quarterly earnings report on Monday, March 8th.
On average, analysts expect that Thor Industries will report full year sales of $10.65 billion for the current year, with estimates ranging from $9.91 billion to $11.60 billion. For the next financial year, analysts expect that the company will post sales of $11.23 billion, with estimates ranging from $10.31 billion to $11.98 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, December 7th. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.59. Thor Industries had a net margin of 3.34% and a return on equity of 13.15%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year.
Several analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Thor Industries from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, December 9th. Truist boosted their price target on shares of Thor Industries from $120.00 to $135.00 in a research report on Tuesday, February 2nd. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 price objective for the company. in a research note on Tuesday, December 1st. Finally, Wedbush assumed coverage on shares of Thor Industries in a research note on Tuesday, December 1st. They set a “neutral” rating and a $107.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $106.36.
In other Thor Industries news, VP Kenneth D. Julian sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 14th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the transaction, the vice president now owns 49,764 shares of the company’s stock, valued at approximately $5,225,220. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP W. Todd Woelfer sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $112.50, for a total transaction of $562,500.00. Following the completion of the transaction, the vice president now directly owns 50,392 shares of the company’s stock, valued at approximately $5,669,100. The disclosure for this sale can be found here. In the last three months, insiders sold 12,197 shares of company stock valued at $1,307,271. Corporate insiders own 4.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in THO. Aptus Capital Advisors LLC purchased a new position in Thor Industries in the 3rd quarter worth approximately $361,000. Pacer Advisors Inc. purchased a new stake in shares of Thor Industries in the 3rd quarter valued at $1,273,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Thor Industries by 10.6% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 11,590 shares of the construction company’s stock valued at $1,104,000 after purchasing an additional 1,112 shares in the last quarter. HMS Capital Management LLC boosted its stake in shares of Thor Industries by 81.0% in the 3rd quarter. HMS Capital Management LLC now owns 3,723 shares of the construction company’s stock valued at $355,000 after purchasing an additional 1,666 shares in the last quarter. Finally, TrimTabs Asset Management LLC purchased a new stake in shares of Thor Industries in the 3rd quarter valued at $1,441,000. 93.13% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE THO traded down $2.16 during midday trading on Thursday, hitting $112.84. The company’s stock had a trading volume of 25,711 shares, compared to its average volume of 786,082. The stock has a fifty day moving average price of $112.98 and a 200 day moving average price of $99.98. Thor Industries has a one year low of $32.30 and a one year high of $132.12. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 22.37 and a beta of 2.42.
About Thor Industries
Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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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