Thor Industries, Inc. (THO) Expected to Announce Earnings of $1.85 Per Share

Equities analysts predict that Thor Industries, Inc. (NYSE:THO) will announce earnings per share (EPS) of $1.85 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Thor Industries’ earnings, with the highest EPS estimate coming in at $2.02 and the lowest estimate coming in at $1.65. Thor Industries posted earnings of $1.23 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 50.4%. The company is expected to report its next earnings report on Monday, March 5th.

According to Zacks, analysts expect that Thor Industries will report full-year earnings of $9.14 per share for the current financial year, with EPS estimates ranging from $8.95 to $9.50. For the next fiscal year, analysts forecast that the firm will report earnings of $9.85 per share, with EPS estimates ranging from $9.20 to $10.50. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The firm’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS.

A number of equities research analysts have recently issued reports on THO shares. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Wednesday, August 30th. Robert W. Baird restated a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Friday, September 8th. Northcoast Research restated a “buy” rating and issued a $145.00 target price (up previously from $134.00) on shares of Thor Industries in a research note on Monday, September 25th. Canaccord Genuity restated a “buy” rating on shares of Thor Industries in a research note on Friday, September 22nd. Finally, SunTrust Banks upped their target price on shares of Thor Industries and gave the company a “buy” rating in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, five 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 price target of $124.33.

In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC bought a new position in Thor Industries in the 2nd quarter worth about $104,000. Sterling Investment Advisors Ltd. bought a new position in Thor Industries in the 2nd quarter worth about $105,000. Fiduciary Trust Co. bought a new position in Thor Industries in the 2nd quarter worth about $133,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Thor Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares during the last quarter. Finally, Bruderman Asset Management LLC bought a new position in Thor Industries in the 2nd quarter worth about $187,000. Hedge funds and other institutional investors own 88.34% of the company’s stock.

Shares of Thor Industries (THO) traded down $0.20 during trading on Friday, hitting $153.92. 525,400 shares of the stock were exchanged, compared to its average volume of 701,370. The firm has a market cap of $8,010.00, a price-to-earnings ratio of 19.19 and a beta of 1.45. The company has a current ratio of 1.50, a quick ratio of 0.91 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 $156.86.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.48 annualized dividend and a yield of 0.96%. Thor Industries’s dividend payout ratio (DPR) is 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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