Zacks Research Boosts Earnings Estimates for Thor Industries

Thor Industries, Inc. (NYSE:THO) – Stock analysts at Zacks Research lifted their Q4 2027 earnings per share (EPS) estimates for shares of Thor Industries in a research note issued on Friday, October 9th. Zacks Research analyst Team now anticipates that the RV manufacturer will post earnings per share of $1.33 for the quarter, up from their prior forecast of $1.13. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Thor Industries’ current full-year earnings is $4.09 per share. Zacks Research also issued estimates for Thor Industries’ Q2 2028 earnings at $1.25 EPS, Q4 2028 earnings at $1.43 EPS and FY2028 earnings at $5.43 EPS.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.17 billion. Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.36 EPS.

A number of other research firms have also weighed in on THO. BMO Capital Markets dropped their price objective on shares of Thor Industries from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Robert W. Baird decreased their target price on shares of Thor Industries from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Wall Street Zen downgraded shares of Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Citigroup lowered their target price on shares of Thor Industries from $76.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Weiss Ratings cut shares of Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.00.

Thor Industries Stock Performance

THO opened at $65.14 on Monday. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $73.69 and its two-hundred day moving average price is $75.68. Thor Industries has a 1-year low of $62.83 and a 1-year high of $122.83. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.87 and a beta of 1.43.

Institutional Investors Weigh In On Thor Industries

Several institutional investors have recently bought and sold shares of the stock. ACR Alpine Capital Research LLC grew its position in Thor Industries by 18.6% during the first quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after buying an additional 769,342 shares during the period. BlackRock Inc. purchased a new stake in Thor Industries during the second quarter worth about $363,258,000. Dimensional Fund Advisors LP increased its holdings in Thor Industries by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock worth $251,375,000 after buying an additional 96,080 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Thor Industries by 130.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,081,238 shares of the RV manufacturer’s stock worth $111,011,000 after acquiring an additional 611,639 shares during the period. Finally, Madison Asset Management LLC bought a new stake in Thor Industries in the second quarter worth about $66,217,000. Institutional investors own 96.71% of the company’s stock.

Key Stories Impacting Thor Industries

Here are the key news stories impacting Thor Industries this week:

• Positive Sentiment: Thor Industries’ board approved a quarterly dividend of $0.54 per share, signaling continued confidence in cash generation and modestly improving the stock’s income appeal. THOR Industries Announces Increased Regular Quarterly Dividend
• Neutral Sentiment: Citigroup lowered its price target for THO from $76 to $70 and maintained a “neutral” rating. The revised target still implies upside from recent trading levels, but the reduction reflects more cautious expectations.
• Negative Sentiment: Zacks Research cut its EPS forecasts across several periods, including Q1 2027 to $0.36 from $0.45, Q2 2027 to $0.21 from $0.31, Q3 2027 to $1.77 from $1.96, and full-year 2027 to $3.67 from $3.86. These reductions suggest analysts expect a slower or less profitable recovery in the recreational-vehicle market. Zacks continues to rate the shares “Hold.” Thor Industries analyst estimates
• Negative Sentiment: Zacks also reduced its Q1 2028 EPS estimate to $1.09 from $1.18, reinforcing concerns that earnings pressure may extend beyond the current fiscal year. Although Zacks projects FY2029 EPS of $6.15, that longer-term outlook has not offset the near- and medium-term estimate cuts.

About Thor Industries

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor’s North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company’s other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.