Thor Industries, Inc. (THO) Expected to Announce Quarterly Sales of $1.95 Billion
Wall Street analysts expect Thor Industries, Inc. (NYSE:THO) to announce sales of $1.95 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Thor Industries’ earnings, with the highest sales estimate coming in at $2.02 billion and the lowest estimate coming in at $1.9 billion. Thor Industries reported sales of $1.28 billion during the same quarter last year, which would suggest a positive year over year growth rate of 52.3%. The company is expected to announce its next earnings results on Monday, June 5th.
According to Zacks, analysts expect that Thor Industries will report full-year sales of $1.95 billion for the current financial year, with estimates ranging from $6.59 billion to $7.18 billion. For the next financial year, analysts expect that the business will report sales of $7.3 billion per share, with estimates ranging from $6.69 billion to $7.65 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Thor Industries.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, March 6th. The construction company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.01. The firm earned $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. Thor Industries had a return on equity of 23.74% and a net margin of 5.41%. The business’s revenue for the quarter was up 62.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS.
A number of brokerages have issued reports on THO. Argus lifted their price objective on Thor Industries to $115.00 and gave the company a “buy” rating in a research note on Friday, January 6th. Wunderlich lifted their price objective on Thor Industries from $80.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Robert W. Baird upgraded Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Wednesday, February 8th. Finally, Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, March 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $100.96.
Shares of Thor Industries (NYSE:THO) traded up 0.23% on Friday, reaching $90.79. The company’s stock had a trading volume of 346,565 shares. Thor Industries has a 52-week low of $60.05 and a 52-week high of $115.74. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 15.69 and a beta of 1.25. The stock has a 50-day moving average of $98.83 and a 200 day moving average of $96.46. Thor Industries also was the target of some unusual options trading on Monday. Investors purchased 11,970 call options on the company. This represents an increase of approximately 1,050% compared to the typical volume of 1,041 call options.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Thursday, March 30th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, March 28th. Thor Industries’s payout ratio is 24.44%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. bought a new position in shares of Thor Industries during the first quarter worth about $154,000. Atria Investments LLC boosted its position in Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock valued at $213,000 after buying an additional 128 shares in the last quarter. Stephens Inc. AR acquired a new position in Thor Industries during the third quarter valued at $226,000. Palouse Capital Management Inc. acquired a new position in Thor Industries during the third quarter valued at $238,000. Finally, Monetary Management Group Inc. acquired a new position in Thor Industries during the fourth quarter valued at $283,000. Institutional investors and hedge funds own 87.58% of the company’s stock.
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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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