Thor Industries, Inc. (THO) Expected to Announce Quarterly Sales of $1.93 Billion

Equities research analysts forecast that Thor Industries, Inc. (NYSE:THO) will report $1.93 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Thor Industries’ earnings, with estimates ranging from $1.71 billion to $2.13 billion. Thor Industries reported sales of $1.59 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.4%. The business is expected to announce its next earnings results on Monday, March 5th.

On average, analysts expect that Thor Industries will report full-year sales of $1.93 billion for the current fiscal year, with estimates ranging from $7.66 billion to $8.60 billion. For the next year, analysts anticipate that the business will report sales of $8.64 billion per share, with estimates ranging from $8.12 billion to $9.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Thor Industries.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. The business’s revenue was up 30.6% on a year-over-year basis.

THO has been the topic of several research reports. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Wednesday, August 30th. Aegis restated a “hold” rating and set a $130.00 price objective (up previously from $113.00) on shares of Thor Industries in a report on Saturday, September 30th. Argus lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BMO Capital Markets upped their target price on shares of Thor Industries to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 28th. Finally, Northcoast Research reiterated a “buy” rating and issued a $145.00 target price (up previously from $134.00) on shares of Thor Industries in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $124.33.

Thor Industries (NYSE THO) opened at $154.12 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.50. Thor Industries has a 1-year low of $87.96 and a 1-year high of $156.86. The firm has a market cap of $7,898.09, a price-to-earnings ratio of 18.67 and a beta of 1.45.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 26th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.48 annualized dividend and a dividend yield of 0.96%. Thor Industries’s payout ratio is 18.43%.

In other news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the sale, the director now owns 4,988 shares in the company, valued at approximately $766,905. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of THO. Penserra Capital Management LLC bought a new position in Thor Industries during the second quarter valued at about $104,000. Sterling Investment Advisors Ltd. bought a new position in Thor Industries during the second quarter valued at about $105,000. Fiduciary Trust Co. bought a new position in Thor Industries during the second quarter valued at about $133,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after buying an additional 151 shares during the period. Finally, Bruderman Asset Management LLC bought a new position in Thor Industries during the second quarter valued at about $187,000. Institutional investors own 88.34% of the company’s stock.

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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.

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

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