Thor Industries (THO) Releases Quarterly Earnings Results
Thor Industries (NYSE:THO) announced its earnings results on Thursday. The company reported $1.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.08 by $0.05, ARN reports. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Thor Industries from $69.00 to $73.00 in a research note on Friday, April 4th. Analysts at Wellington Shields downgraded shares of Thor Industries to an “accumulate” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.25.
Thor Industries (NYSE:THO) traded up 1.10% on Thursday, hitting $61.41. 265,961 shares of the company’s stock traded hands. Thor Industries has a 52-week low of $41.03 and a 52-week high of $64.71. The stock’s 50-day moving average is $60.22 and its 200-day moving average is $56.88. The company has a market cap of $3.273 billion and a P/E ratio of 20.27.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, June 11th.
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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