Zacks: Brokerages Anticipate Thor Industries, Inc. (NYSE:THO) Will Post Quarterly Sales of $1.85 Billion
Equities research analysts predict that Thor Industries, Inc. (NYSE:THO) will post $1.85 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Thor Industries’ earnings, with the lowest sales estimate coming in at $1.80 billion and the highest estimate coming in at $1.90 billion. Thor Industries reported sales of $1.29 billion in the same quarter last year, which indicates a positive year over year growth rate of 43.4%. The company is scheduled to issue its next quarterly earnings results on Monday, September 25th.
On average, analysts expect that Thor Industries will report full-year sales of $1.85 billion for the current year, with estimates ranging from $7.11 billion to $7.21 billion. For the next financial year, analysts forecast that the business will report sales of $7.52 billion per share, with estimates ranging from $7.29 billion to $7.72 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the company posted $1.51 EPS. The business’s revenue was up 56.9% on a year-over-year basis.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Thursday, June 8th. Off Wall Street assumed coverage on Thor Industries in a report on Thursday, June 29th. They set a “sell” rating and a $75.00 price target on the stock. BMO Capital Markets restated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a report on Thursday, July 13th. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the company a “buy” rating in a report on Thursday, April 20th. Finally, Stifel Nicolaus assumed coverage on Thor Industries in a report on Thursday, July 6th. They set a “hold” rating and a $110.00 price target on the stock. 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $107.06.
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In related news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the transaction, the director now directly owns 4,988 shares in the company, valued at approximately $545,936.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Huntington National Bank raised its stake in shares of Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in shares of Thor Industries during the first quarter worth $154,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock worth $156,000 after buying an additional 682 shares in the last quarter. Sandy Spring Bank raised its stake in shares of Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock worth $161,000 after buying an additional 290 shares in the last quarter. Finally, Atria Investments LLC raised its stake in shares of Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock worth $213,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
Thor Industries (THO) traded down 0.8299% during midday trading on Friday, hitting $104.3468. The company’s stock had a trading volume of 205,890 shares. Thor Industries has a 52-week low of $73.61 and a 52-week high of $115.74. The company has a market cap of $5.49 billion, a PE ratio of 16.2838 and a beta of 1.40. The stock has a 50 day moving average of $104.08 and a 200 day moving average of $100.67.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were given a $0.33 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.25%. Thor Industries’s dividend payout ratio is currently 20.63%.
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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