Thor Industries Downgraded to Neutral at Ned Davis Research (THO)
Thor Industries (NYSE:THO) was downgraded by equities researchers at Ned Davis Research from a “buy” rating to a “neutral” rating in a research report issued on Monday, AnalystRatingsNetwork reports.
Shares of Thor Industries (NYSE:THO) traded up 0.05% on Monday, hitting $55.18. 36,987 shares of the company’s stock traded hands. Thor Industries has a 52-week low of $34.51 and a 52-week high of $59.94. The stock’s 50-day moving average is $53.95 and its 200-day moving average is $53.98. The company has a market cap of $2.941 billion and a P/E ratio of 17.98.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.02. The company had revenue of $800.00 million for the quarter, compared to the consensus estimate of $844.74 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Thor Industries will post $3.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 14th. Shareholders of record on Friday, December 27th will be paid a dividend of 0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Tuesday, December 24th.
Thor Industries, Inc (NYSE:THO)manufactures and sells a range of recreation vehicles and small and mid-size buses in the United States and Canada.
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