Brokerages Expect Thor Industries, Inc. (THO) Will Post Quarterly Sales of $1.93 Billion

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

On average, analysts expect that Thor Industries will report full-year sales of $1.93 billion for the current fiscal year, with estimates ranging from $7.66 billion to $8.60 billion. For the next year, analysts forecast that the firm will report sales of $8.64 billion per share, with estimates ranging from $8.12 billion to $9.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last issued its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the company posted $1.49 earnings per share. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year.

A number of research analysts have recently weighed in on THO shares. Robert W. Baird reissued a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research note on Wednesday, November 1st. Argus cut shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BMO Capital Markets raised their price objective on shares of Thor Industries to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 28th. Northcoast Research reissued a “buy” rating and set a $145.00 price objective (up from $134.00) on shares of Thor Industries in a research note on Monday, September 25th. Finally, Citigroup raised their price objective on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Thor Industries has an average rating of “Buy” and a consensus price target of $125.18.

In related news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total transaction of $153,750.00. Following the sale, the director now owns 4,988 shares in the company, valued at $766,905. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in THO. Janus Henderson Group PLC acquired a new stake in Thor Industries during the second quarter worth approximately $128,458,000. Swedbank acquired a new stake in Thor Industries during the third quarter worth approximately $129,759,000. BlackRock Inc. boosted its position in Thor Industries by 8.7% during the second quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock worth $430,843,000 after acquiring an additional 329,996 shares during the last quarter. Acadian Asset Management LLC boosted its position in Thor Industries by 3,456.0% during the fourth quarter. Acadian Asset Management LLC now owns 324,771 shares of the construction company’s stock worth $48,949,000 after acquiring an additional 315,638 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Thor Industries by 76.6% during the second quarter. Ameriprise Financial Inc. now owns 367,831 shares of the construction company’s stock worth $38,460,000 after acquiring an additional 159,575 shares during the last quarter. Hedge funds and other institutional investors own 88.37% of the company’s stock.

Shares of Thor Industries (NYSE:THO) traded up $2.81 on Monday, hitting $155.44. 510,500 shares of the stock were exchanged, compared to its average volume of 470,631. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. Thor Industries has a fifty-two week low of $87.96 and a fifty-two week high of $159.17. The stock has a market cap of $8,190.81, a PE ratio of 19.36 and a beta of 1.45.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were given a dividend of $0.37 per share. The ex-dividend date was Friday, December 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 0.95%. Thor Industries’s dividend payout ratio (DPR) is currently 18.43%.

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

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