Wall Street analysts expect Thor Industries, Inc. (NYSE:THO) to report sales of $2.85 billion for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Thor Industries’ earnings, with estimates ranging from $2.13 billion to $3.13 billion. Thor Industries posted sales of $1.68 billion during the same quarter last year, which would indicate a positive year over year growth rate of 69.6%. The company is scheduled to announce its next quarterly earnings report on Monday, June 14th.
According to Zacks, analysts expect that Thor Industries will report full-year sales of $11.13 billion for the current year, with estimates ranging from $9.91 billion to $11.56 billion. For the next year, analysts forecast that the firm will report sales of $11.92 billion, with estimates ranging from $10.82 billion to $12.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Thor Industries.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, March 8th. The construction company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.78. Thor Industries had a return on equity of 13.15% and a net margin of 3.34%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the business posted $0.52 EPS. Thor Industries’s revenue for the quarter was up 36.1% on a year-over-year basis.
A number of equities research analysts have weighed in on THO shares. KeyCorp boosted their target price on shares of Thor Industries from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, March 16th. Wedbush increased their price objective on Thor Industries from $107.00 to $137.00 and gave the company a “neutral” rating in a report on Wednesday, March 10th. TheStreet raised Thor Industries from a “c+” rating to a “b-” rating in a research report on Wednesday, March 17th. Truist upped their price target on Thor Industries from $135.00 to $145.00 in a research report on Wednesday, March 10th. Finally, BMO Capital Markets raised their price objective on Thor Industries from $125.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $134.00.
In other news, VP Kenneth D. Julian sold 4,532 shares of Thor Industries stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $136.61, for a total value of $619,116.52. Following the completion of the sale, the vice president now owns 43,498 shares in the company, valued at approximately $5,942,261.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Ziemer sold 2,045 shares of the stock in a transaction on Friday, April 16th. The stock was sold at an average price of $139.09, for a total transaction of $284,439.05. Following the transaction, the director now directly owns 18,220 shares in the company, valued at $2,534,219.80. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in THO. BancorpSouth Bank increased its position in Thor Industries by 1.1% in the 4th quarter. BancorpSouth Bank now owns 8,083 shares of the construction company’s stock valued at $751,000 after buying an additional 86 shares in the last quarter. CIBC World Markets Inc. increased its holdings in shares of Thor Industries by 1.9% during the fourth quarter. CIBC World Markets Inc. now owns 5,108 shares of the construction company’s stock valued at $475,000 after acquiring an additional 96 shares in the last quarter. Arizona State Retirement System raised its position in shares of Thor Industries by 0.7% during the first quarter. Arizona State Retirement System now owns 16,117 shares of the construction company’s stock worth $2,172,000 after purchasing an additional 109 shares during the period. Peak Financial Advisors LLC lifted its holdings in shares of Thor Industries by 1.0% in the 1st quarter. Peak Financial Advisors LLC now owns 16,797 shares of the construction company’s stock worth $2,263,000 after purchasing an additional 161 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Thor Industries by 7.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,487 shares of the construction company’s stock valued at $335,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.
Thor Industries stock opened at $131.80 on Monday. The business has a 50 day moving average of $138.57 and a 200-day moving average of $115.30. The company has a market capitalization of $7.30 billion, a P/E ratio of 25.64 and a beta of 2.42. Thor Industries has a 1 year low of $65.62 and a 1 year high of $152.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.40 and a quick ratio of 0.75.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Friday, April 2nd were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, March 31st. This represents a $1.64 annualized dividend and a dividend yield of 1.24%. Thor Industries’s payout ratio is 34.60%.
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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