Zacks: Analysts Expect Thor Industries, Inc. (NYSE:THO) Will Announce Earnings of $1.60 Per Share

Brokerages expect Thor Industries, Inc. (NYSE:THO) to announce $1.60 earnings per share (EPS) for the

Brokerages expect Thor Industries, Inc. (NYSE:THO) to announce $1.60 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Thor Industries’ earnings. The lowest EPS estimate is $1.31 and the highest is $1.86. Thor Industries reported earnings per share of $0.67 in the same quarter last year, which suggests a positive year-over-year growth rate of 138.8%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, March 9th.

On average, analysts expect that Thor Industries will report full-year earnings of $8.08 per share for the current fiscal year, with EPS estimates ranging from $7.59 to $8.70. For the next year, analysts anticipate that the company will report earnings of $8.76 per share, with EPS estimates ranging from $7.20 to $9.45. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Thor Industries.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, December 7th. The construction company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.59. Thor Industries had a return on equity of 13.15% and a net margin of 3.34%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year.

(Ad)

This brand new report is your guide to finding the lithium supply chain winners… including one with a massive new mine.

Several equities analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on Thor Industries from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 9th. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a report on Tuesday, December 1st. Wedbush initiated coverage on Thor Industries in a report on Tuesday, December 1st. They issued a “neutral” rating and a $107.00 price target for the company. Finally, Truist upped their price target on Thor Industries from $120.00 to $135.00 in a report on Tuesday, February 2nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Thor Industries currently has an average rating of “Buy” and a consensus target price of $108.00.

NYSE THO opened at $126.19 on Monday. Thor Industries has a twelve month low of $32.30 and a twelve month high of $132.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.75 and a current ratio of 1.40. The stock has a market capitalization of $6.99 billion, a PE ratio of 24.55 and a beta of 2.42. The stock has a 50-day simple moving average of $117.34 and a 200 day simple moving average of $100.49.

In other news, 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 value of $534,771.30. Following the sale, the director now directly owns 12,023 shares in the company, valued at approximately $1,237,166.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $210,000.00. Following the completion of the sale, the vice president now owns 49,764 shares in the company, valued at $5,225,220. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,197 shares of company stock worth $1,307,271. Corporate insiders own 4.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in THO. Robeco Institutional Asset Management B.V. bought a new stake in Thor Industries during the 3rd quarter worth approximately $127,000. Teacher Retirement System of Texas bought a new stake in Thor Industries during the 3rd quarter worth approximately $303,000. ARP Americas LP bought a new stake in Thor Industries during the 3rd quarter worth approximately $229,000. Symmetry Partners LLC grew its position in Thor Industries by 146.8% during the 3rd quarter. Symmetry Partners LLC now owns 6,810 shares of the construction company’s stock worth $649,000 after acquiring an additional 4,051 shares during the last quarter. Finally, Mackay Shields LLC grew its position in Thor Industries by 1,330.9% during the 3rd quarter. Mackay Shields LLC now owns 38,119 shares of the construction company’s stock worth $3,631,000 after acquiring an additional 35,455 shares during the last quarter. Institutional investors own 93.13% of the company’s stock.

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.

See Also: Do investors pay a separate front-end load every time they buy additional shares?

Get a free copy of the Zacks research report on Thor Industries (THO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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 Food Stocks That Are Leading Through Innovation

It might be easy to dismiss food stocks with so many restaurants still struggling to recover from the global pandemic. But food stocks are a broad category that includes not only the way food is consumed but the way it’s made. In 2020, sustainability and a focus on climate change continue to be important trends in this sector.

Another trend to look at is the ability of companies to deliver food to consumers. It’s not surprising that some of the biggest winners in the pandemic are the restaurants that already had a strong digital presence. Consumers’ ability to have a contactless experience from start to finish has been a catalyst for some stocks.

Not surprisingly, those are also the trends that create an opportunity for investors looking to dabble in food stocks. As you look to resetting your portfolio for 2021, it may be time to take a bite out of some of these stocks.

With that in mind, we’ve put together this special presentation that identifies seven food stocks that you should consider adding to your portfolio. In addition to gaining exposure to this sector, some of these stocks present the opportunity for industry-beating gains.

View the “7 Food Stocks That Are Leading Through Innovation”.