Analysts Anticipate Thor Industries (THO) Will Announce Quarterly Sales of $2.23 Billion

Equities analysts predict that Thor Industries (NYSE:THO) will announce $2.23 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Thor Industries’ earnings, with estimates ranging from $2.16 billion to $2.28 billion. Thor Industries posted sales of $2.02 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.4%. The firm is expected to report its next quarterly earnings report on Monday, June 4th.

On average, analysts expect that Thor Industries will report full year sales of $8.51 billion for the current financial year, with estimates ranging from $8.49 billion to $8.55 billion. For the next year, analysts expect that the business will report sales of $8.86 billion per share, with estimates ranging from $8.54 billion to $9.03 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Thor Industries.

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



Several equities analysts have recently weighed in on the stock. Northcoast Research reissued a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Stifel Nicolaus reissued a “hold” rating and issued a $142.00 price target (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. ValuEngine raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Argus raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $129.90.

Shares of NYSE:THO traded down $0.69 during midday trading on Tuesday, hitting $101.66. The company’s stock had a trading volume of 709,005 shares, compared to its average volume of 962,458. 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 cap of $5,541.41, a P/E ratio of 14.42 and a beta of 1.36. Thor Industries has a 12-month low of $87.96 and a 12-month high of $161.48.

The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, March 28th. Thor Industries’s dividend payout ratio (DPR) is 20.87%.

Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Thor Industries by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,447,630 shares of the construction company’s stock valued at $218,187,000 after acquiring an additional 76,774 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Thor Industries by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 728,321 shares of the construction company’s stock valued at $91,697,000 after acquiring an additional 2,323 shares during the period. Investec Asset Management LTD raised its stake in shares of Thor Industries by 14.0% in the 4th quarter. Investec Asset Management LTD now owns 662,881 shares of the construction company’s stock valued at $99,909,000 after acquiring an additional 81,362 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Thor Industries by 64.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 662,552 shares of the construction company’s stock valued at $99,860,000 after acquiring an additional 258,705 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Thor Industries by 54.1% in the 4th quarter. Renaissance Technologies LLC now owns 618,300 shares of the construction company’s stock valued at $93,190,000 after acquiring an additional 217,018 shares during the period. 85.98% of the stock is currently owned by institutional investors and hedge funds.

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Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

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Earnings History and Estimates for Thor Industries (NYSE:THO)

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