Thor Industries, Inc. (NYSE:THO) – Equities researchers at SunTrust Banks issued their Q1 2020 earnings per share (EPS) estimates for shares of Thor Industries in a report issued on Monday, June 10th. SunTrust Banks analyst M. Swartz expects that the construction company will earn $1.19 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $80.00 price objective on the stock. SunTrust Banks also issued estimates for Thor Industries’ Q2 2020 earnings at $0.49 EPS.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, June 10th. The construction company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year.
Several other research firms have also commented on THO. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Thursday, March 28th. Jefferies Financial Group initiated coverage on shares of Thor Industries in a report on Thursday, March 28th. They issued a “hold” rating and a $65.00 price target for the company. Bank of America initiated coverage on shares of Thor Industries in a report on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 price target for the company. Finally, ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Thor Industries currently has a consensus rating of “Hold” and a consensus price target of $86.13.
Shares of THO opened at $54.12 on Thursday. Thor Industries has a 1-year low of $47.71 and a 1-year high of $109.94. The stock has a market cap of $3.10 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.82.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates grew its holdings in shares of Thor Industries by 56.0% in the fourth quarter. Raymond James & Associates now owns 47,543 shares of the construction company’s stock valued at $2,472,000 after purchasing an additional 17,062 shares during the period. South Dakota Investment Council grew its holdings in shares of Thor Industries by 184.3% in the fourth quarter. South Dakota Investment Council now owns 151,800 shares of the construction company’s stock valued at $7,894,000 after purchasing an additional 98,400 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in shares of Thor Industries by 44.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,332 shares of the construction company’s stock valued at $225,000 after purchasing an additional 1,328 shares during the period. Cerity Partners LLC purchased a new position in Thor Industries during the fourth quarter worth about $480,000. Finally, Eagle Ridge Investment Management boosted its stake in Thor Industries by 20.8% during the fourth quarter. Eagle Ridge Investment Management now owns 92,995 shares of the construction company’s stock worth $4,836,000 after buying an additional 16,004 shares during the period. Institutional investors and hedge funds own 87.01% of the company’s stock.
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.
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