Analysts Expect Thor Industries, Inc. (NYSE:THO) to Announce $1.95 EPS
Equities analysts expect Thor Industries, Inc. (NYSE:THO) to post $1.95 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided 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 reported earnings per share of $1.57 during the same quarter last year, which suggests a positive year-over-year growth rate of 24.2%. The company is scheduled to report its next quarterly earnings report on Monday, September 25th.
According to Zacks, 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 year, analysts anticipate that the company will post earnings of $7.50 per share, with EPS estimates ranging from $7.15 to $7.90. Zacks’ EPS calculations are an average based on a survey of research firms that cover Thor Industries.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $1.51 EPS. Thor Industries’s revenue was up 56.9% compared to the same quarter last year.
Several equities research analysts recently weighed in on THO shares. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the stock a “buy” rating in a research note on Thursday, April 20th. Citigroup Inc. reissued a “buy” rating and issued a $111.00 target price (down from $117.00) on shares of Thor Industries in a research note on Saturday, April 22nd. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, May 10th. BMO Capital Markets reissued a “market perform” rating and issued a $110.00 target price (up from $97.00) on shares of Thor Industries in a research note on Tuesday, June 6th. Finally, Off Wall Street initiated coverage on Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $107.06.
In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in THO. First Manhattan Co. acquired a new stake in Thor Industries during the first quarter valued at approximately $1,592,000. First United Bank Trust boosted its stake in Thor Industries by 38.5% in the first quarter. First United Bank Trust now owns 7,394 shares of the construction company’s stock valued at $711,000 after buying an additional 2,055 shares during the period. Creative Planning boosted its stake in Thor Industries by 467.9% in the first quarter. Creative Planning now owns 6,025 shares of the construction company’s stock valued at $579,000 after buying an additional 4,964 shares during the period. World Asset Management Inc boosted its stake in Thor Industries by 14.3% in the first quarter. World Asset Management Inc now owns 3,722 shares of the construction company’s stock valued at $358,000 after buying an additional 467 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Thor Industries during the first quarter valued at approximately $2,351,000. 90.36% of the stock is currently owned by institutional investors.
Thor Industries (NYSE THO) traded down 0.53% during mid-day trading on Tuesday, reaching $104.75. 330,403 shares of the company traded hands. Thor Industries has a 12-month low of $74.00 and a 12-month high of $115.74. The company’s 50-day moving average is $105.52 and its 200-day moving average is $100.89. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 16.35 and a beta of 1.40.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were paid 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 1.26%. 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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