Brokerages forecast that Thor Industries, Inc. (NYSE:THO) will announce $2.24 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Thor Industries’ earnings. The highest sales estimate is $2.30 billion and the lowest is $2.12 billion. Thor Industries reported sales of $2.02 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The business is scheduled to issue its next earnings report on Monday, June 4th.
On average, analysts expect that Thor Industries will report full-year sales of $2.24 billion for the current fiscal year, with estimates ranging from $7.66 billion to $8.59 billion. For the next financial year, analysts expect that the company will report sales of $8.70 billion per share, with estimates ranging from $8.12 billion to $9.10 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Thor Industries.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.81 by $0.11. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS.
Shares of Thor Industries (NYSE THO) opened at $123.90 on Wednesday. The company has a market cap of $6,686.39, a price-to-earnings ratio of 14.91 and a beta of 1.26. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.05. Thor Industries has a 1-year low of $87.96 and a 1-year high of $161.48.
A number of institutional investors and hedge funds have recently made changes to their positions in THO. Assetmark Inc. acquired a new stake in Thor Industries during the 4th quarter worth $134,000. Good Life Advisors LLC acquired a new stake in Thor Industries during the 4th quarter worth $201,000. Sigma Planning Corp acquired a new stake in Thor Industries during the 3rd quarter worth $202,000. Indiana Trust & Investment Management CO acquired a new stake in Thor Industries during the 4th quarter worth $203,000. Finally, Guardian Capital LP acquired a new position in shares of Thor Industries during the 3rd quarter valued at about $204,000. 85.32% of the stock is currently owned by institutional investors.
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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