Thor Industries (NYSE:THO) posted its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 EPS for the quarter, beating 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 firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $1.23 earnings per share. Thor Industries’s revenue for the quarter 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, hitting $122.85. 792,955 shares of the company were exchanged, compared to its average volume of 1,080,000. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6,470.00, a price-to-earnings ratio of 14.09 and a beta of 1.26. Thor Industries has a fifty-two week low of $87.96 and a fifty-two week high of $161.48.
Several research analysts recently commented on THO shares. ValuEngine upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Aegis upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Northcoast Research reiterated a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Stifel Nicolaus set a $132.00 price objective on shares of Thor Industries and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $129.90.
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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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