Brokerages Anticipate Thor Industries, Inc. (THO) Will Post Earnings of $1.33 Per Share

Analysts forecast that Thor Industries, Inc. (NYSE:THO) will announce earnings per share (EPS) of $1.33 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Thor Industries’ earnings, with the highest EPS estimate coming in at $1.58 and the lowest estimate coming in at $0.97. Thor Industries posted earnings of $1.92 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 30.7%. The business is expected to report its next quarterly earnings results on Wednesday, March 6th.

On average, analysts expect that Thor Industries will report full-year earnings of $7.66 per share for the current year, with EPS estimates ranging from $5.70 to $9.30. For the next financial year, analysts expect that the business will report earnings of $7.70 per share, with EPS estimates ranging from $6.20 to $9.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Thor Industries.

Thor Industries (NYSE:THO) last issued its earnings results on Thursday, December 6th. The construction company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.39). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.98 billion. Thor Industries had a return on equity of 21.09% and a net margin of 4.02%. The company’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 earnings per share.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Canaccord Genuity reiterated an “average” rating on shares of Thor Industries in a research report on Tuesday, November 13th. BMO Capital Markets reaffirmed a “buy” rating on shares of Thor Industries in a research note on Wednesday, November 7th. TD Securities reaffirmed a “hold” rating on shares of Thor Industries in a research note on Monday, November 19th. Finally, TheStreet downgraded shares of Thor Industries from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $114.38.

In other news, Chairman Peter Busch Orthwein sold 5,028 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $69.63, for a total value of $350,099.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Ziemer acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, October 9th. The stock was acquired at an average cost of $81.74 per share, with a total value of $408,700.00. Following the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at $1,144,360. The disclosure for this purchase can be found here. Company insiders own 4.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Thor Industries by 7,840.5% during the 3rd quarter. American Century Companies Inc. now owns 919,903 shares of the construction company’s stock valued at $76,996,000 after purchasing an additional 908,318 shares during the last quarter. Marshall Wace LLP increased its position in shares of Thor Industries by 389.8% in the 3rd quarter. Marshall Wace LLP now owns 1,110,281 shares of the construction company’s stock valued at $92,931,000 after acquiring an additional 883,589 shares during the period. Swedbank increased its position in shares of Thor Industries by 28.9% in the 3rd quarter. Swedbank now owns 3,330,200 shares of the construction company’s stock valued at $278,738,000 after acquiring an additional 747,200 shares during the period. LSV Asset Management increased its position in shares of Thor Industries by 181.7% in the 3rd quarter. LSV Asset Management now owns 1,025,970 shares of the construction company’s stock valued at $85,873,000 after acquiring an additional 661,709 shares during the period. Finally, Impala Asset Management LLC increased its position in shares of Thor Industries by 5,014.1% in the 3rd quarter. Impala Asset Management LLC now owns 352,872 shares of the construction company’s stock valued at $29,535,000 after acquiring an additional 345,972 shares during the period. 86.21% of the stock is owned by institutional investors.

Shares of THO stock traded up $1.38 during trading hours on Friday, hitting $61.72. The company’s stock had a trading volume of 1,428,129 shares, compared to its average volume of 875,743. The firm has a market capitalization of $3.19 billion, a PE ratio of 7.22 and a beta of 1.44. Thor Industries has a twelve month low of $55.50 and a twelve month high of $161.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.01.

The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, October 24th. This represents a $1.56 dividend on an annualized basis and a yield of 2.53%. This is an increase from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s dividend payout ratio (DPR) is currently 18.25%.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

Further Reading: Debt-To-Equity Ratio

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