Brokerages predict that Thor Industries, Inc. (NYSE:THO) will post earnings of $1.88 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Thor Industries’ earnings, with the highest EPS estimate coming in at $1.90 and the lowest estimate coming in at $1.83. Thor Industries posted earnings per share of $1.51 during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.5%. The business is expected to issue its next earnings report on Monday, June 5th.
On average, analysts expect that Thor Industries will report full-year earnings of $6.45 per share for the current year, with EPS estimates ranging from $6.30 to $6.65. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.09 per share, with EPS estimates ranging from $6.65 to $7.26. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Thor Industries.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, March 6th. The company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.01. Thor Industries had a net margin of 5.41% and a return on equity of 23.74%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 62.9% on a year-over-year basis.
Several research firms have recently commented on THO. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, March 10th. Wunderlich boosted their price target on shares of Thor Industries from $80.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, March 7th. Robert W. Baird upgraded shares of Thor Industries from a “neutral” rating to an “outperform” rating and set a $120.00 price target for the company in a report on Wednesday, February 8th. Finally, Argus boosted their price target on shares of Thor Industries to $115.00 and gave the company a “buy” rating in a report on Friday, January 6th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Thor Industries presently has an average rating of “Buy” and a consensus target price of $100.96.
Several large investors have recently bought and sold shares of THO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Thor Industries by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,085 shares of the company’s stock valued at $709,000 after buying an additional 21 shares in the last quarter. USA Financial Portformulas Corp boosted its stake in shares of Thor Industries by 2.4% in the fourth quarter. USA Financial Portformulas Corp now owns 5,743 shares of the company’s stock worth $575,000 after buying an additional 134 shares during the period. Putnam Investments LLC boosted its stake in shares of Thor Industries by 0.3% in the fourth quarter. Putnam Investments LLC now owns 40,733 shares of the company’s stock worth $4,075,000 after buying an additional 139 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Thor Industries by 4.7% in the first quarter. Raymond James Trust N.A. now owns 3,237 shares of the company’s stock worth $311,000 after buying an additional 146 shares during the period. Finally, Oakbrook Investments LLC boosted its stake in shares of Thor Industries by 3.5% in the third quarter. Oakbrook Investments LLC now owns 4,468 shares of the company’s stock worth $378,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 87.58% of the company’s stock.
Thor Industries (NYSE:THO) traded up 0.88% during midday trading on Thursday, hitting $90.24. 386,771 shares of the stock were exchanged. Thor Industries has a 12 month low of $60.05 and a 12 month high of $115.74. The company has a market cap of $4.75 billion, a PE ratio of 15.60 and a beta of 1.25. The firm’s 50 day moving average price is $100.34 and its 200 day moving average price is $96.22.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 30th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, March 28th. This represents a $1.32 annualized dividend and a dividend yield of 1.48%. Thor Industries’s dividend payout ratio is currently 24.44%.
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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