THOR Industries (NYSE:THO) Issues Quarterly Earnings Results

THOR Industries (NYSE:THO) posted its earnings results on Tuesday. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33, Briefing.com reports. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. THOR Industries updated its FY 2025 guidance to 4.000-5.000 EPS and its FY25 guidance to $4.00-5.00 EPS.

THOR Industries Price Performance

THO traded up $1.98 during trading on Thursday, reaching $108.42. The stock had a trading volume of 626,343 shares, compared to its average volume of 500,692. The business has a 50-day moving average of $102.63 and a 200-day moving average of $101.26. THOR Industries has a one year low of $84.54 and a one year high of $129.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The stock has a market cap of $5.77 billion, a PE ratio of 22.09 and a beta of 1.67.

Analyst Upgrades and Downgrades

THO has been the topic of a number of analyst reports. Benchmark assumed coverage on shares of THOR Industries in a report on Thursday, July 18th. They set a “hold” rating on the stock. Truist Financial upped their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Citigroup upped their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Robert W. Baird dropped their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, THOR Industries currently has an average rating of “Moderate Buy” and an average price target of $114.75.

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. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.