Analysts Anticipate Thor Industries, Inc. (THO) to Post $1.79 Earnings Per Share

Brokerages expect Thor Industries, Inc. (NYSE:THO) to announce earnings of $1.79 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Thor Industries’ earnings, with the lowest EPS estimate coming in at $1.65 and the highest estimate coming in at $2.00. Thor Industries reported earnings of $1.23 per share in the same quarter last year, which indicates a positive year over year growth rate of 45.5%. The business is scheduled to issue its next earnings results on Monday, March 5th.

According to Zacks, analysts expect that Thor Industries will report full-year earnings of $9.10 per share for the current financial year, with EPS estimates ranging from $8.95 to $9.50. For the next year, analysts forecast that the company will post earnings of $9.87 per share, with EPS estimates ranging from $9.20 to $10.59. Zacks’ EPS averages are an average based on a survey of analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last posted its earnings results 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 company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 earnings per share.

A number of brokerages have issued reports on THO. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research report on Wednesday, November 1st. Argus downgraded Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. BMO Capital Markets upped their price objective on Thor Industries to $150.00 and gave the company a “market perform” rating in a research report on Tuesday, November 28th. Canaccord Genuity restated a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Finally, Northcoast Research restated a “buy” rating and set a $145.00 price objective (up from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $125.18.

In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at $766,905. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its stake in shares of Thor Industries by 26.9% during the third quarter. Sit Investment Associates Inc. now owns 37,600 shares of the construction company’s stock valued at $4,734,000 after buying an additional 7,975 shares during the last quarter. Hancock Holding Co. grew its stake in shares of Thor Industries by 349.8% during the second quarter. Hancock Holding Co. now owns 139,189 shares of the construction company’s stock valued at $14,549,000 after buying an additional 108,247 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Thor Industries by 34.5% during the second quarter. Public Employees Retirement System of Ohio now owns 37,259 shares of the construction company’s stock valued at $3,894,000 after buying an additional 9,553 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Thor Industries by 114.2% during the third quarter. BNP Paribas Arbitrage SA now owns 160,300 shares of the construction company’s stock valued at $20,183,000 after buying an additional 85,463 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Thor Industries by 14.5% during the third quarter. IFP Advisors Inc now owns 6,852 shares of the construction company’s stock valued at $863,000 after buying an additional 868 shares during the last quarter. 88.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Thor Industries (NYSE:THO) opened at $155.44 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.91. The company has a market capitalization of $8,042.74, a PE ratio of 19.36 and a beta of 1.45. Thor Industries has a 52-week low of $87.96 and a 52-week high of $159.17.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 0.95%. Thor Industries’s dividend payout ratio (DPR) is presently 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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