Q3 2021 EPS Estimates for Thor Industries, Inc. (NYSE:THO) Increased by Analyst

Thor Industries, Inc. (NYSE:THO) – Equities researchers at Truist Securiti increased their Q3 2021 earnings estimates for shares of Thor Industries in a research note issued on Wednesday, February 24th. Truist Securiti analyst M. Swartz now anticipates that the construction company will earn $2.05 per share for the quarter, up from their prior forecast of $1.98. Truist Securiti also issued estimates for Thor Industries’ Q4 2021 earnings at $2.51 EPS, FY2021 earnings at $8.25 EPS, Q2 2022 earnings at $1.82 EPS, Q3 2022 earnings at $2.24 EPS, Q4 2022 earnings at $2.90 EPS and FY2022 earnings at $9.00 EPS. Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, December 7th. The construction company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.59. Thor Industries had a net margin of 3.34% and a return on equity of 13.15%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the business earned $1.50 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Tuesday, December 1st. Wedbush started coverage on shares of Thor Industries in a research report on Tuesday, December 1st. They set a “neutral” rating and a $107.00 price target for the company. BMO Capital Markets boosted their price target on Thor Industries from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 9th. Finally, Truist upped their price objective on Thor Industries from $120.00 to $135.00 in a research report on Tuesday, February 2nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $106.36.

(Ad)

Through Berkshire Hathaway…Warren Buffett recently dumped $800 million of Apple stock…

And bought this instead!

He’s now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to…

NYSE THO opened at $121.66 on Thursday. The company has a 50-day simple moving average of $113.80 and a two-hundred day simple moving average of $100.04. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.65. Thor Industries has a 12-month low of $32.30 and a 12-month high of $132.12. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 23.67 and a beta of 2.42.

In related news, VP W. Todd Woelfer sold 5,000 shares of the company’s stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $112.50, for a total value of $562,500.00. Following the completion of the sale, the vice president now directly owns 50,392 shares of the company’s stock, valued at approximately $5,669,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director J Allen Kosowsky sold 5,197 shares of the company’s stock in a transaction dated Thursday, January 14th. The shares were sold at an average price of $102.90, for a total value of $534,771.30. Following the completion of the sale, the director now directly owns 12,023 shares of the company’s stock, valued at $1,237,166.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,197 shares of company stock worth $1,307,271. 4.10% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC purchased a new position in Thor Industries in the 4th quarter valued at approximately $27,000. NEXT Financial Group Inc boosted its holdings in shares of Thor Industries by 436.2% during the fourth quarter. NEXT Financial Group Inc now owns 311 shares of the construction company’s stock worth $29,000 after purchasing an additional 253 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new stake in Thor Industries during the fourth quarter valued at about $36,000. Graves Light Private Wealth Management Inc. acquired a new stake in Thor Industries during the 4th quarter worth approximately $99,000. Finally, Fifth Third Bancorp increased its position in Thor Industries by 24.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,103 shares of the construction company’s stock worth $105,000 after purchasing an additional 214 shares in the last quarter. 93.13% of the stock is owned by institutional investors and hedge funds.

Thor Industries Company Profile

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.

Featured Article: What is a Reverse Stock Split?

Earnings History and Estimates for Thor Industries (NYSE:THO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

7 Clean Energy Stocks With A Bright Future

The debate over renewable energy (i.e., clean energy) versus nonrenewable energy derived from fossil fuels was always going to come down to dollars and cents. Since 2016, things haven’t been easy for renewable energy companies. As the United States pushed towards energy independence, the Trump administration imposed tariffs on the industrial segments. The sector was subject to less favorable policies by electricity regulators. Plus, competing energy sources like coal received more help.

But a funny thing happened over the past four years. Renewable energy companies continued to grow. This is continuing a pattern that renewable sources of energy are becoming cost-competitive for businesses. And that is increasing demand.

One of the best parts of this sector for investors is that there are many ways to play the sector. In addition to solar and wind, hydrogen stocks are becoming an intriguing way to invest in renewable energy.

So rather than looking at this election as a choice between bad and good, investors should really be viewing it as a case of “good or better.” Because no matter who wins the election, clean energy stocks will continue to grow.

View the “7 Clean Energy Stocks With A Bright Future”.