Zacks: Analysts Expect Thor Industries, Inc. (THO) Will Post Earnings of $1.80 Per Share
Wall Street brokerages forecast that Thor Industries, Inc. (NYSE:THO) will announce earnings per share (EPS) of $1.80 for the current quarter, Zacks reports. Four analysts have made estimates for Thor Industries’ earnings. The lowest EPS estimate is $1.76 and the highest is $1.87. Thor Industries reported earnings of $1.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20.8%. The firm is expected to announce its next earnings results on Monday, November 27th.
According to Zacks, analysts expect that Thor Industries will report full-year earnings of $8.14 per share for the current year, with EPS estimates ranging from $7.65 to $8.57. For the next fiscal year, analysts anticipate that the company will post earnings of $8.83 per share, with EPS estimates ranging from $8.10 to $9.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Thor Industries.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.31. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The business’s revenue for the quarter was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share.
THO has been the topic of several research analyst reports. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday, September 5th. BMO Capital Markets cut shares of Thor Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. Aegis initiated coverage on shares of Thor Industries in a research note on Monday, September 11th. They set a “hold” rating and a $113.00 price objective on the stock. Off Wall Street initiated coverage on shares of Thor Industries in a research note on Thursday, June 29th. They set a “sell” rating and a $75.00 price objective on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $120.00 price objective on shares of Thor Industries in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $119.74.
Shares of Thor Industries (NYSE THO) opened at 132.10 on Friday. Thor Industries has a 12-month low of $74.00 and a 12-month high of $133.29. The stock’s 50 day moving average price is $120.58 and its 200-day moving average price is $105.25. The company has a market cap of $6.95 billion, a PE ratio of 18.63 and a beta of 1.37.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, October 23rd. Thor Industries’s dividend payout ratio is presently 18.62%.
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In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 1,396,352 shares in the company, valued at $160,580,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hancock Holding Co. lifted its holdings in Thor Industries by 349.8% in the second quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock valued at $14,549,000 after buying an additional 108,247 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Thor Industries by 23.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 35,997 shares of the construction company’s stock valued at $3,763,000 after buying an additional 6,806 shares during the period. Financial Counselors Inc. acquired a new position in Thor Industries in the second quarter valued at approximately $1,144,000. Vanguard Group Inc. lifted its holdings in Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after buying an additional 214,042 shares during the period. Finally, Riverhead Capital Management LLC lifted its holdings in Thor Industries by 58.0% in the second quarter. Riverhead Capital Management LLC now owns 64,296 shares of the construction company’s stock valued at $6,720,000 after buying an additional 23,596 shares during the period. Institutional investors and hedge funds own 89.40% of the company’s stock.
Thor Industries Company Profile
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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