Analysts Expect Thor Industries, Inc. (THO) Will Post Quarterly Sales of $1.95 Billion
Brokerages predict that Thor Industries, Inc. (NYSE:THO) will report sales of $1.95 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Thor Industries’ earnings, with estimates ranging from $1.83 billion to $2.07 billion. Thor Industries reported sales of $1.71 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 14%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 27th.
On average, analysts expect that Thor Industries will report full year sales of $1.95 billion for the current year, with estimates ranging from $7.66 billion to $8.03 billion. For the next year, analysts forecast that the firm will post sales of $8.23 billion per share, with estimates ranging from $7.91 billion to $8.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Thor Industries.
Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.31. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The company’s revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 EPS.
THO has been the topic of several research reports. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Wednesday, August 30th. BidaskClub cut shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets restated a “hold” rating and issued a $110.00 target price on shares of Thor Industries in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a report on Friday, September 8th. Finally, Northcoast Research restated a “buy” rating and issued a $145.00 target price (up previously from $134.00) on shares of Thor Industries in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Thor Industries presently has an average rating of “Buy” and an average target price of $119.74.
Shares of Thor Industries (THO) opened at 125.92 on Thursday. Thor Industries has a 12-month low of $74.00 and a 12-month high of $129.71. The company has a 50 day moving average of $112.30 and a 200-day moving average of $102.50. The company has a market cap of $6.62 billion, a PE ratio of 19.65 and a beta of 1.37.
In other news, Director J Allen Kosowsky sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $127.84, for a total transaction of $255,680.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the sale, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in THO. Huntington National Bank raised its position in shares of Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Thor Industries during the 2nd quarter valued at $104,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Thor Industries during the 2nd quarter valued at $105,000. Fiduciary Trust Co. bought a new stake in shares of Thor Industries during the 2nd quarter valued at $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.
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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