Thor Industries, Inc. (THO) Expected to Post Earnings of $2.63 Per Share

Equities analysts expect Thor Industries, Inc. (NYSE:THO) to report earnings per share of $2.63 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Thor Industries’ earnings, with estimates ranging from $2.48 to $2.90. Thor Industries posted earnings per share of $2.11 during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.6%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, June 6th.

On average, analysts expect that Thor Industries will report full-year earnings of $9.16 per share for the current fiscal year, with EPS estimates ranging from $9.00 to $9.45. For the next fiscal year, analysts anticipate that the firm will post earnings of $10.88 per share, with EPS estimates ranging from $10.00 to $11.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Thor Industries.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 28.42% and a net margin of 5.38%. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Stifel Nicolaus set a $124.00 target price on Thor Industries and gave the stock a “hold” rating in a research note on Monday, May 7th. Argus upgraded Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. ValuEngine lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Finally, BMO Capital Markets upgraded Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 target price for the company in a research note on Tuesday, May 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Thor Industries has a consensus rating of “Hold” and an average target price of $123.11.

Thor Industries traded down $0.16, reaching $94.92, during midday trading on Friday, Marketbeat reports. The stock had a trading volume of 1,190,234 shares, compared to its average volume of 1,119,904. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 13.39 and a beta of 1.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.63 and a quick ratio of 0.91. Thor Industries has a 52-week low of $87.96 and a 52-week high of $161.48.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. purchased a new position in shares of Thor Industries during the 1st quarter valued at about $7,498,000. Amalgamated Bank raised its stake in shares of Thor Industries by 6.5% during the 1st quarter. Amalgamated Bank now owns 11,050 shares of the construction company’s stock valued at $1,273,000 after buying an additional 676 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Thor Industries by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 215,491 shares of the construction company’s stock valued at $24,819,000 after buying an additional 3,765 shares during the last quarter. CIBC World Markets Inc. raised its stake in shares of Thor Industries by 236.1% during the 1st quarter. CIBC World Markets Inc. now owns 9,747 shares of the construction company’s stock valued at $1,123,000 after buying an additional 6,847 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Thor Industries by 46.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,923 shares of the construction company’s stock valued at $797,000 after buying an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

About Thor Industries

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

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

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