$1.93 Billion in Sales Expected for Thor Industries, Inc. (THO) This Quarter

Equities analysts expect Thor Industries, Inc. (NYSE:THO) to post $1.93 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Thor Industries’ earnings, with the highest sales estimate coming in at $2.13 billion and the lowest estimate coming in at $1.71 billion. Thor Industries posted sales of $1.59 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The business is expected to report its next quarterly earnings results on Monday, March 5th.

According to Zacks, analysts expect that Thor Industries will report full-year sales of $1.93 billion for the current year, with estimates ranging from $7.66 billion to $8.46 billion. For the next fiscal year, analysts forecast that the company will report sales of $8.46 billion per share, with estimates ranging from $8.12 billion to $8.97 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Thor Industries.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The company’s quarterly revenue was up 30.6% on a year-over-year basis.

A number of analysts have weighed in on THO shares. BMO Capital Markets increased their target price on shares of Thor Industries to $150.00 and gave the company a “market perform” rating in a research report on Tuesday. Robert W. Baird reissued a “buy” rating and issued a $136.00 target price on shares of Thor Industries in a report on Wednesday, November 1st. Citigroup increased their target price on Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $114.00 target price (up previously from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Aegis reiterated a “hold” rating and set a $130.00 target price (up previously from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $124.33.

In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the sale, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Huntington National Bank grew 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 period. Penserra Capital Management LLC acquired a new position in shares of Thor Industries during the 2nd quarter valued at $104,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Thor Industries during the 2nd quarter valued at $105,000. Fiduciary Trust Co. acquired a new position in Thor Industries in the 2nd quarter worth $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew 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 buying an additional 151 shares during the last quarter. Institutional investors own 88.50% of the company’s stock.

Shares of Thor Industries (NYSE:THO) opened at $153.55 on Friday. The firm has a market cap of $8,134.43, a PE ratio of 19.22 and a beta of 1.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 1.50. Thor Industries has a 52-week low of $87.96 and a 52-week high of $156.86.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a $0.37 dividend. The ex-dividend date was Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 0.96%. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio (DPR) is presently 18.43%.

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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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Earnings History and Estimates for Thor Industries (NYSE:THO)

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