Thor Industries, Inc. Expected to Post FY2021 Earnings of $9.00 Per Share (NYSE:THO)

Thor Industries, Inc. (NYSE:THO) – Stock analysts at Truist Securiti upped their FY2021 EPS estimates for shares of Thor Industries in a research note issued on Tuesday, March 9th. Truist Securiti analyst M. Swartz now expects that the construction company will earn $9.00 per share for the year, up from their previous forecast of $8.25. Truist Securiti also issued estimates for Thor Industries’ Q4 2021 earnings at $2.39 EPS, Q1 2022 earnings at $2.34 EPS, Q2 2022 earnings at $2.37 EPS and Q4 2022 earnings at $2.37 EPS. Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, March 8th. The construction company reported $2.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.78. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Thor Industries had a net margin of 3.34% and a return on equity of 13.15%. The company’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS.

A number of other brokerages have also recently weighed in on THO. BMO Capital Markets boosted their price target on shares of Thor Industries from $125.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday. Truist boosted their price target on shares of Thor Industries from $135.00 to $145.00 in a research report on Wednesday. Zacks Investment Research cut 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 report on Tuesday, December 1st. Wedbush lifted their price objective on shares of Thor Industries from $107.00 to $137.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, KeyCorp boosted their price target on shares of Thor Industries from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $120.56.

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Shares of THO opened at $139.00 on Friday. Thor Industries has a 1-year low of $32.30 and a 1-year high of $139.46. The stock has a market cap of $7.70 billion, a PE ratio of 27.04 and a beta of 2.42. 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 has a fifty day moving average price of $120.18 and a 200 day moving average price of $101.12.

In related news, VP Kenneth D. Julian sold 2,000 shares of the company’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 transaction 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 $5,225,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Allen Kosowsky sold 5,197 shares of the company’s stock in a transaction that occurred on Thursday, January 14th. The stock was sold at an average price of $102.90, for a total transaction of $534,771.30. Following the transaction, the director now directly owns 12,023 shares of the company’s stock, valued at approximately $1,237,166.70. The disclosure for this sale can be found here. Insiders have sold 12,197 shares of company stock worth $1,307,271 in the last three months. Insiders own 4.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Thor Industries by 7.0% in the fourth quarter. Wells Fargo & Company MN now owns 828,699 shares of the construction company’s stock worth $77,060,000 after acquiring an additional 53,925 shares in the last quarter. Morgan Stanley increased its position in shares of Thor Industries by 1,287.9% in the fourth quarter. Morgan Stanley now owns 629,075 shares of the construction company’s stock worth $58,497,000 after acquiring an additional 583,750 shares in the last quarter. Ardevora Asset Management LLP increased its position in shares of Thor Industries by 35.3% in the fourth quarter. Ardevora Asset Management LLP now owns 619,661 shares of the construction company’s stock worth $57,622,000 after acquiring an additional 161,713 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Thor Industries by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 435,925 shares of the construction company’s stock worth $40,537,000 after acquiring an additional 5,674 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Thor Industries by 1,565.1% in the third quarter. AQR Capital Management LLC now owns 414,280 shares of the construction company’s stock worth $39,464,000 after acquiring an additional 389,400 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

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.

Further Reading: Street Name

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

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