Wall Street analysts expect Thor Industries, Inc. (NYSE:THO) to announce $2.24 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Thor Industries’ earnings. The lowest sales estimate is $2.12 billion and the highest is $2.30 billion. Thor Industries reported sales of $2.02 billion in the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The business is scheduled to issue its next earnings results on Monday, June 4th.

According to Zacks, analysts expect that Thor Industries will report full year sales of $2.24 billion for the current financial year, with estimates ranging from $7.66 billion to $8.59 billion. For the next year, analysts expect that the company will post sales of $8.70 billion per share, with estimates ranging from $8.12 billion to $9.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Thor Industries.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 7th. The construction company reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Thor Industries had a return on equity of 28.42% and a net margin of 5.38%. The business’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 earnings per share.

Several brokerages have issued reports on THO. Northcoast Research restated a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Stifel Nicolaus restated a “hold” rating and issued a $142.00 target price (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. ValuEngine upgraded Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Argus upgraded Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $129.90.

Several large investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its stake in shares of Thor Industries by 1.0% during the 4th quarter. Sit Investment Associates Inc. now owns 37,985 shares of the construction company’s stock valued at $5,725,000 after purchasing an additional 385 shares during the period. Bluestein R H & Co. raised its stake in shares of Thor Industries by 7.1% during the 4th quarter. Bluestein R H & Co. now owns 6,025 shares of the construction company’s stock valued at $908,000 after purchasing an additional 400 shares during the period. Comerica Bank raised its stake in shares of Thor Industries by 1.2% during the 3rd quarter. Comerica Bank now owns 41,009 shares of the construction company’s stock valued at $5,523,000 after purchasing an additional 476 shares during the period. Nordea Investment Management AB raised its stake in shares of Thor Industries by 2.6% during the 3rd quarter. Nordea Investment Management AB now owns 19,868 shares of the construction company’s stock valued at $2,502,000 after purchasing an additional 512 shares during the period. Finally, Barnett & Company Inc. raised its stake in shares of Thor Industries by 4.9% during the 4th quarter. Barnett & Company Inc. now owns 11,265 shares of the construction company’s stock valued at $1,698,000 after purchasing an additional 525 shares during the period. Institutional investors own 85.32% of the company’s stock.

Shares of Thor Industries (NYSE THO) traded up $5.15 on Wednesday, hitting $125.89. The company’s stock had a trading volume of 1,040,294 shares, compared to its average volume of 1,216,710. The company has a market capitalization of $6,362.32, a price-to-earnings ratio of 15.15 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.63. Thor Industries has a 52-week low of $87.96 and a 52-week high of $161.48.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.18%. Thor Industries’s payout ratio is 17.81%.

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About Thor Industries

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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