$1.95 Billion in Sales Expected for Thor Industries, Inc. (THO) This Quarter
Equities research analysts expect that Thor Industries, Inc. (NYSE:THO) will report $1.95 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Thor Industries’ earnings. The lowest sales estimate is $1.83 billion and the highest is $2.07 billion. Thor Industries posted sales of $1.71 billion during the same quarter last year, which suggests a positive year over year growth rate of 14%. The company is expected to announce its next earnings report on Monday, November 27th.
According to Zacks, analysts expect that Thor Industries will report full year sales of $1.95 billion for the current fiscal year, with estimates ranging from $7.66 billion to $8.03 billion. For the next year, analysts forecast that the company will post sales of $8.23 billion per share, with estimates ranging from $7.91 billion to $8.54 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.31. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.83 billion. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The firm’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 earnings per share.
A number of analysts have commented on THO shares. Canaccord Genuity reaffirmed a “buy” rating on shares of Thor Industries in a research note on Friday, September 22nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Thor Industries in a research note on Friday, September 1st. Zacks Investment Research lowered Thor Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Thor Industries in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $119.74.
Thor Industries (NYSE THO) traded up 1.08% during mid-day trading on Tuesday, hitting $131.93. 546,161 shares of the company traded hands. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 18.61 and a beta of 1.36. The company’s 50-day moving average is $121.20 and its 200-day moving average is $105.73. Thor Industries has a one year low of $74.00 and a one year high of $133.29.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. This is an increase 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%.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The stock was 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 of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank raised its stake 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 buying an additional 443 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Thor Industries in the 2nd quarter valued at about $104,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Thor Industries in the 2nd quarter valued at about $105,000. Fiduciary Trust Co. purchased a new position in shares of Thor Industries in the 2nd quarter valued at about $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Thor Industries by 9.5% in 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 in the last quarter. 89.50% of the stock is owned by institutional investors.
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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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