Analysts Expect Thor Industries (THO) Will Announce Earnings of $2.73 Per Share

Equities research analysts predict that Thor Industries (NYSE:THO) will report earnings per share of $2.73 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Thor Industries’ earnings, with estimates ranging from $2.57 to $2.90. Thor Industries posted earnings per share of $2.11 during the same quarter last year, which would suggest a positive year over year growth rate of 29.4%. The business is scheduled to announce its next quarterly earnings report on Monday, June 4th.

On average, analysts expect that Thor Industries will report full year earnings of $9.37 per share for the current financial year, with EPS estimates ranging from $9.00 to $9.80. For the next year, analysts forecast that the business will post earnings of $10.98 per share, with EPS estimates ranging from $10.00 to $11.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Thor Industries.

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



THO has been the topic of a number of recent analyst reports. Northcoast Research cut Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, January 26th. Argus upgraded Thor Industries from a “hold” rating to a “buy” rating in a research report on Friday, March 16th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “hold” rating and issued a $142.00 target price (up previously from $132.00) on shares of Thor Industries in a research report on Thursday, March 8th. ValuEngine upgraded Thor Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Aegis upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Thursday, March 8th. They noted that the move was a valuation call. One 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. Thor Industries currently has a consensus rating of “Buy” and an average target price of $129.90.

Shares of NYSE THO opened at $107.55 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. Thor Industries has a 52 week low of $87.96 and a 52 week high of $161.48. The firm has a market capitalization of $5,718.46, a P/E ratio of 15.17 and a beta of 1.36.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Wednesday, March 28th. Thor Industries’s dividend payout ratio is presently 20.87%.

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in Thor Industries by 5.6% in the fourth 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 last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Thor Industries by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 728,321 shares of the construction company’s stock worth $91,697,000 after purchasing an additional 2,323 shares during the last quarter. Investec Asset Management LTD grew its holdings in shares of Thor Industries by 14.0% during the fourth quarter. Investec Asset Management LTD now owns 662,881 shares of the construction company’s stock worth $99,909,000 after purchasing an additional 81,362 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Thor Industries by 64.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 662,552 shares of the construction company’s stock worth $99,860,000 after purchasing an additional 258,705 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Thor Industries by 54.1% during the fourth quarter. Renaissance Technologies LLC now owns 618,300 shares of the construction company’s stock worth $93,190,000 after purchasing an additional 217,018 shares during the last quarter. Hedge funds and other institutional investors own 86.00% of the company’s stock.

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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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