Thor Industries, Inc. (THO) Expected to Announce Quarterly Sales of $2.00 Billion

Brokerages expect that Thor Industries, Inc. (NYSE:THO) will post $2.00 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Thor Industries’ earnings, with the lowest sales estimate coming in at $1.99 billion and the highest estimate coming in at $2.04 billion. Thor Industries posted sales of $2.23 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.3%. The firm is expected to issue its next earnings results on Monday, November 26th.

On average, analysts expect that Thor Industries will report full-year sales of $8.21 billion for the current year, with estimates ranging from $8.05 billion to $8.48 billion. For the next fiscal year, analysts anticipate that the company will post sales of $8.43 billion, with estimates ranging from $8.12 billion to $9.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.36). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the company posted $2.26 EPS. Thor Industries’s revenue for the quarter was down 3.2% on a year-over-year basis.

Several research firms have recently commented on THO. Zacks Investment Research raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Sidoti dropped their target price on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research report on Friday, August 10th. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $95.00 target price on shares of Thor Industries in a research report on Monday. Finally, Citigroup dropped their target price on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $118.57.

THO traded up $2.62 during trading on Tuesday, hitting $67.00. 26,849 shares of the stock traded hands, compared to its average volume of 968,372. The stock has a market capitalization of $3.53 billion, a P/E ratio of 7.88 and a beta of 1.27. The company has a quick ratio of 1.01, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. Thor Industries has a 12-month low of $63.48 and a 12-month high of $161.48.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Thursday, October 25th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.33%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, October 24th. Thor Industries’s dividend payout ratio (DPR) is presently 18.25%.

In other Thor Industries news, Director James L. Ziemer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The stock was bought at an average cost of $81.74 per share, for a total transaction of $408,700.00. Following the purchase, the director now directly owns 14,000 shares in the company, valued at $1,144,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in THO. LPL Financial LLC increased its stake in Thor Industries by 29.8% during the 1st quarter. LPL Financial LLC now owns 17,873 shares of the construction company’s stock valued at $2,058,000 after purchasing an additional 4,102 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in Thor Industries by 23.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 71,018 shares of the construction company’s stock valued at $8,178,000 after purchasing an additional 13,700 shares in the last quarter. Atlantic Trust Group LLC increased its stake in Thor Industries by 11.8% during the 1st quarter. Atlantic Trust Group LLC now owns 14,145 shares of the construction company’s stock valued at $1,629,000 after purchasing an additional 1,488 shares in the last quarter. Royal Bank of Canada increased its stake in Thor Industries by 12.1% during the 1st quarter. Royal Bank of Canada now owns 117,163 shares of the construction company’s stock valued at $13,493,000 after purchasing an additional 12,623 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in 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 purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 88.97% 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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