Zacks: Analysts Anticipate Thor Industries, Inc. (NYSE:THO) to Post $1.52 EPS
Equities research analysts expect Thor Industries, Inc. (NYSE:THO) to report earnings of $1.52 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Thor Industries’ earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $1.32. Thor Industries posted earnings of $1.67 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 9%. The firm is expected to issue its next quarterly earnings results before the market opens on Monday, September 30th.
According to Zacks, analysts expect that Thor Industries will report full year earnings of $5.15 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.30. For the next year, analysts forecast that the company will post earnings of $5.81 per share, with EPS estimates ranging from $5.35 to $6.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, June 10th. The construction company reported $1.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a return on equity of 15.53% and a net margin of 1.74%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $2.53 earnings per share.
THO traded up $1.28 on Monday, hitting $52.37. The company’s stock had a trading volume of 991,462 shares, compared to its average volume of 857,255. The company’s 50 day simple moving average is $49.73 and its 200-day simple moving average is $58.17. The firm has a market cap of $2.88 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 0.57 and a beta of 1.93. Thor Industries has a 12 month low of $42.05 and a 12 month high of $109.94. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 1.07.
In other Thor Industries news, Director James L. Ziemer bought 3,545 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were bought at an average price of $57.23 per share, for a total transaction of $202,880.35. Following the transaction, the director now directly owns 15,263 shares in the company, valued at $873,501.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. SFE Investment Counsel raised its position in Thor Industries by 30.0% in the 2nd quarter. SFE Investment Counsel now owns 76,602 shares of the construction company’s stock worth $4,477,000 after purchasing an additional 17,698 shares during the period. Dupont Capital Management Corp grew its holdings in Thor Industries by 6.6% in the 2nd quarter. Dupont Capital Management Corp now owns 51,360 shares of the construction company’s stock worth $3,002,000 after acquiring an additional 3,184 shares during the last quarter. ACG Wealth grew its holdings in Thor Industries by 168.2% in the 2nd quarter. ACG Wealth now owns 17,990 shares of the construction company’s stock worth $1,051,000 after acquiring an additional 11,283 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in Thor Industries in the 1st quarter worth $3,129,000. Finally, Advisory Services Network LLC grew its holdings in Thor Industries by 224.9% in the 1st quarter. Advisory Services Network LLC now owns 10,340 shares of the construction company’s stock worth $645,000 after acquiring an additional 7,157 shares during the last quarter. Institutional investors own 89.70% of the company’s stock.
About Thor Industries
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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