Thor Industries, Inc. (THO) Expected to Post Quarterly Sales of $2.00 Billion
Analysts predict that Thor Industries, Inc. (NYSE:THO) will post $2.00 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Thor Industries’ earnings. The lowest sales estimate is $1.99 billion and the highest is $2.04 billion. Thor Industries posted sales of $2.23 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The business is expected to report 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 fiscal year, with estimates ranging from $8.05 billion to $8.48 billion. For the next year, analysts forecast that the business will report sales of $8.43 billion, with estimates ranging from $8.12 billion to $9.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last announced its quarterly earnings results 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). The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share.
NYSE THO traded down $1.82 during trading on Tuesday, reaching $67.08. 1,499,376 shares of the company’s stock were exchanged, compared to its average volume of 951,982. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 7.85 and a beta of 1.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.01. Thor Industries has a 1 year low of $65.30 and a 1 year high of $161.48.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 25th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, October 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s payout ratio is 18.25%.
In other news, Director James L. Ziemer bought 5,000 shares of the business’s stock in a transaction dated Tuesday, October 9th. The shares were acquired at an average price of $81.74 per share, for a total transaction of $408,700.00. Following the completion of the transaction, the director now owns 14,000 shares of the company’s stock, valued at $1,144,360. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.60% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. increased its position in Thor Industries by 11.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 34,328 shares of the construction company’s stock valued at $2,873,000 after acquiring an additional 3,428 shares during the period. Oppenheimer Asset Management Inc. increased its position in Thor Industries by 41.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 105,200 shares of the construction company’s stock valued at $8,805,000 after acquiring an additional 30,879 shares during the period. James Investment Research Inc. increased its position in Thor Industries by 106.1% in the 3rd quarter. James Investment Research Inc. now owns 6,089 shares of the construction company’s stock valued at $510,000 after acquiring an additional 3,135 shares during the period. North Point Portfolio Managers Corp OH increased its position in Thor Industries by 10.9% in the 3rd quarter. North Point Portfolio Managers Corp OH now owns 142,611 shares of the construction company’s stock valued at $11,937,000 after acquiring an additional 13,995 shares during the period. Finally, Sawtooth Solutions LLC increased its position in Thor Industries by 71.1% in the 3rd quarter. Sawtooth Solutions LLC now owns 4,729 shares of the construction company’s stock valued at $396,000 after acquiring an additional 1,965 shares during the period. Hedge funds and other institutional investors own 89.28% 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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