Thor Industries (THO) Announces Quarterly Earnings Results

Thor Industries (NYSE:THO) issued its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.11, Yahoo Finance reports. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the business posted $1.23 EPS. Thor Industries’s quarterly revenue was up 24.1% compared to the same quarter last year.

Shares of Thor Industries (NYSE:THO) traded down $1.05 during trading hours on Wednesday, reaching $122.85. 792,955 shares of the company’s stock traded hands, compared to its average volume of 1,080,000. 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 1 year low of $87.96 and a 1 year high of $161.48. The company has a market cap of $6,470.00, a P/E ratio of 14.09 and a beta of 1.26.

Several research firms recently commented on THO. Northcoast Research reaffirmed a “hold” rating on shares of Thor Industries in a report on Tuesday, February 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $142.00 price objective (up from $132.00) on shares of Thor Industries in a report on Thursday, March 8th. ValuEngine raised shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Finally, BMO Capital Markets raised their price objective on shares of Thor Industries to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Thor Industries has a consensus rating of “Hold” and a consensus target price of $129.90.

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Thor Industries Company Profile

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.

Earnings History for Thor Industries (NYSE:THO)

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