Analysts Expect Thor Industries, Inc. (NYSE:THO) to Post $1.95 Earnings Per Share
Equities research analysts expect Thor Industries, Inc. (NYSE:THO) to report earnings of $1.95 per share for the current quarter, according to Zacks. Four analysts have made estimates for Thor Industries’ earnings, with the lowest EPS estimate coming in at $1.91 and the highest estimate coming in at $2.01. Thor Industries posted earnings per share of $1.57 during the same quarter last year, which indicates a positive year-over-year growth rate of 24.2%. The business is expected to issue its next quarterly earnings results on Monday, September 25th.
On average, analysts expect that Thor Industries will report full-year earnings of $6.79 per share for the current year, with EPS estimates ranging from $6.75 to $6.84. For the next financial year, analysts expect that the company will report earnings of $7.50 per share, with EPS estimates ranging from $7.15 to $7.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.24. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. Thor Industries’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 EPS.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $110.00 target price (up previously from $97.00) on shares of Thor Industries in a research report on Tuesday, June 6th. SunTrust Banks, Inc. set a $125.00 target price on shares of Thor Industries and gave the stock a “buy” rating in a research report on Thursday, April 20th. Off Wall Street assumed coverage on shares of Thor Industries in a research report on Thursday, June 29th. They set a “sell” rating and a $75.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on shares of Thor Industries in a research report on Thursday, July 6th. They set a “hold” rating and a $110.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $107.06.
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Thor Industries (NYSE:THO) traded up 0.93% during mid-day trading on Wednesday, hitting $104.95. 281,096 shares of the stock were exchanged. The stock’s 50-day moving average is $103.25 and its 200 day moving average is $100.60. The company has a market capitalization of $5.52 billion, a PE ratio of 16.38 and a beta of 1.40. Thor Industries has a 52 week low of $73.45 and a 52 week high of $115.74.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, June 21st. Thor Industries’s payout ratio is 20.63%.
In other news, Director Alan Siegel sold 1,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, the director now directly owns 4,988 shares of the company’s stock, valued at $545,936.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. Somerset Trust Co increased its stake in shares of Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock worth $639,000 after buying an additional 25 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock valued at $1,865,000 after buying an additional 100 shares during the period. Atria Investments LLC boosted its stake in Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock valued at $213,000 after buying an additional 128 shares during the period. USA Financial Portformulas Corp boosted its stake in Thor Industries by 2.4% in the fourth quarter. USA Financial Portformulas Corp now owns 5,743 shares of the construction company’s stock valued at $575,000 after buying an additional 134 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in Thor Industries by 4.7% in the first quarter. Raymond James Trust N.A. now owns 3,237 shares of the construction company’s stock valued at $311,000 after buying an additional 146 shares during the period. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
About Thor Industries
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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