Brokerages forecast that Thor Industries, Inc. (NYSE:THO) will announce earnings per share of $1.33 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Thor Industries’ earnings, with the highest EPS estimate coming in at $1.93 and the lowest estimate coming in at $1.15. Thor Industries reported earnings per share of $1.70 in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.8%. The company is expected to announce its next quarterly earnings results on Monday, October 5th.
On average, analysts expect that Thor Industries will report full year earnings of $3.32 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.95. For the next fiscal year, analysts expect that the firm will post earnings of $5.46 per share, with EPS estimates ranging from $4.65 to $6.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 8th. The construction company reported $0.43 earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.86. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. Thor Industries had a net margin of 2.40% and a return on equity of 11.34%. The business’s revenue was down 32.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 earnings per share.
Several equities research analysts have recently commented on the stock. Robert W. Baird decreased their target price on shares of Thor Industries from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. KeyCorp boosted their target price on shares of Thor Industries from $62.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. SunTrust Banks boosted their target price on shares of Thor Industries from $60.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Wolfe Research assumed coverage on shares of Thor Industries in a research report on Friday, April 17th. They set an “outperform” rating and a $60.00 target price for the company. Finally, BMO Capital Markets boosted their target price on shares of Thor Industries from $55.00 to $98.00 in a research report on Wednesday, June 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $88.60.
Shares of NYSE:THO traded up $0.79 during midday trading on Thursday, hitting $103.76. 641,926 shares of the company’s stock were exchanged, compared to its average volume of 1,148,753. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.65 and a quick ratio of 0.96. The stock has a 50 day moving average price of $99.30 and a 200-day moving average price of $74.94. The company has a market cap of $5.68 billion, a PE ratio of 29.21 and a beta of 2.61. Thor Industries has a 12 month low of $32.30 and a 12 month high of $118.89.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, June 29th. Thor Industries’s payout ratio is 30.89%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its stake in Thor Industries by 0.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,423 shares of the construction company’s stock valued at $1,071,000 after acquiring an additional 127 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Thor Industries by 0.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,421 shares of the construction company’s stock valued at $2,506,000 after buying an additional 167 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Thor Industries by 21.1% during the 1st quarter. Synovus Financial Corp now owns 1,028 shares of the construction company’s stock valued at $43,000 after buying an additional 179 shares in the last quarter. CIBC World Markets Inc. lifted its stake in shares of Thor Industries by 1.5% during the 4th quarter. CIBC World Markets Inc. now owns 12,409 shares of the construction company’s stock valued at $922,000 after buying an additional 180 shares in the last quarter. Finally, O Shares Investment Advisers LLC lifted its stake in shares of Thor Industries by 1.4% during the 4th quarter. O Shares Investment Advisers LLC now owns 14,695 shares of the construction company’s stock valued at $1,092,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 99.54% 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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