$2.30 Billion in Sales Expected for Thor Industries, Inc. (NYSE:THO) This Quarter

Brokerages predict that Thor Industries, Inc. (NYSE:THO) will post sales of $2.30 billion for the current quarter, according to Zacks. Four analysts have made estimates for Thor Industries’ earnings, with estimates ranging from $2.03 billion to $2.61 billion. Thor Industries posted sales of $1.76 billion during the same quarter last year, which would indicate a positive year over year growth rate of 30.7%. The company is expected to report its next earnings report on Thursday, December 5th.

On average, analysts expect that Thor Industries will report full year sales of $9.20 billion for the current financial year, with estimates ranging from $8.64 billion to $10.21 billion. For the next financial year, analysts expect that the business will report sales of $8.99 billion, with estimates ranging from $8.62 billion to $9.42 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last released its earnings results on Monday, September 30th. The construction company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.27. Thor Industries had a net margin of 1.69% and a return on equity of 15.50%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.35 billion. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share.

A number of research analysts have issued reports on THO shares. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Monday, September 30th. CL King cut Thor Industries from a “buy” rating to a “neutral” rating in a report on Monday, September 9th. Bank of America decreased their price objective on Thor Industries from $58.00 to $47.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird restated a “reduce” rating and issued a $65.00 price target (up from $60.00) on shares of Thor Industries in a research report on Tuesday, October 1st. Finally, Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Thor Industries currently has an average rating of “Hold” and a consensus price target of $67.44.

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Thor Industries by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 544,009 shares of the construction company’s stock worth $28,287,000 after buying an additional 45,673 shares during the period. Raymond James & Associates lifted its stake in Thor Industries by 28.6% during the 1st quarter. Raymond James & Associates now owns 61,138 shares of the construction company’s stock valued at $3,813,000 after acquiring an additional 13,595 shares during the period. US Bancorp DE increased its holdings in shares of Thor Industries by 36.0% during the 1st quarter. US Bancorp DE now owns 14,380 shares of the construction company’s stock valued at $897,000 after purchasing an additional 3,808 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Thor Industries during the 1st quarter valued at approximately $493,000. Finally, First Trust Advisors LP increased its holdings in shares of Thor Industries by 24.1% during the 1st quarter. First Trust Advisors LP now owns 148,312 shares of the construction company’s stock valued at $9,250,000 after purchasing an additional 28,831 shares in the last quarter. Institutional investors and hedge funds own 89.63% of the company’s stock.

NYSE:THO traded up $2.16 during mid-day trading on Friday, reaching $53.86. The company’s stock had a trading volume of 671,184 shares, compared to its average volume of 1,475,949. The company’s fifty day simple moving average is $49.94 and its two-hundred day simple moving average is $56.59. The stock has a market cap of $2.89 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.80 and a beta of 1.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 0.84. Thor Industries has a twelve month low of $42.05 and a twelve month high of $85.53.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 24th. This is a boost from Thor Industries’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.97%. Thor Industries’s dividend payout ratio is 30.12%.

Thor Industries Company Profile

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

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

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