$2.36 Billion in Sales Expected for Thor Industries, Inc. (NYSE:THO) This Quarter

Acadian Asset Management LLC acquired a new position in shares of Thor Industries during the 1st quarter worth approximately $38,000. Lountzis …

Thor Industries logoEquities research analysts forecast that Thor Industries, Inc. (NYSE:THO) will report sales of $2.36 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Thor Industries’ earnings, with estimates ranging from $2.19 billion to $2.61 billion. Thor Industries posted sales of $2.16 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The company is scheduled to announce its next quarterly earnings report on Monday, December 14th.

On average, analysts expect that Thor Industries will report full year sales of $9.81 billion for the current fiscal year, with estimates ranging from $8.80 billion to $11.27 billion. For the next fiscal year, analysts forecast that the firm will report sales of $10.13 billion, with estimates ranging from $9.69 billion to $10.50 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Saturday, October 3rd. The construction company reported $2.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.76. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.28 billion. Thor Industries had a net margin of 2.40% and a return on equity of 11.34%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share.

(Ad)

FREE Report: This new tech will be more impactful than the steam engine, electricity and the internet.

A number of equities research analysts recently commented on THO shares. Truist reduced their price objective on shares of Thor Industries from $125.00 to $120.00 in a research report on Monday, September 14th. Northcoast Research upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Friday, September 25th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Tuesday, June 16th. SunTrust Banks lifted their price target on shares of Thor Industries from $60.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, KeyCorp lifted their price target on shares of Thor Industries from $62.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Thor Industries presently has a consensus rating of “Buy” and a consensus target price of $105.20.

Institutional investors have recently modified their holdings of the stock. CWM LLC raised its position in shares of Thor Industries by 339.0% during the 2nd quarter. CWM LLC now owns 518 shares of the construction company’s stock worth $55,000 after purchasing an additional 400 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Thor Industries during the 2nd quarter worth approximately $95,000. Acadian Asset Management LLC acquired a new position in shares of Thor Industries during the 1st quarter worth approximately $38,000. Lountzis Asset Management LLC acquired a new position in shares of Thor Industries during the 2nd quarter worth approximately $160,000. Finally, Private Advisor Group LLC acquired a new position in shares of Thor Industries during the 2nd quarter worth approximately $179,000. Hedge funds and other institutional investors own 95.32% of the company’s stock.

Shares of NYSE:THO opened at $98.61 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.93. The company has a market cap of $5.44 billion, a P/E ratio of 27.86, a PEG ratio of 2.65 and a beta of 2.48. Thor Industries has a 52 week low of $32.30 and a 52 week high of $121.33. The company has a 50-day moving average price of $97.77 and a 200 day moving average price of $86.26.

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.

Further Reading: What is the outlook for the FAANG stocks?

Get a free copy of the Zacks research report on Thor Industries (THO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

10 Video Game Stocks That Will Cause Investors to Jump Off Their Couch

Video games are big business. In 2019, sales of video games were nearly $150 billion worldwide according to the research firm Newzoo. That marked a 7.2% growth from the previous year. And, at the time of the report Newzoo estimated that global video game sales would rise to nearly $160 billion in 2020.

But in the aftermath of the Covid-19 pandemic, things may be changing. The video game industry is undergoing profound changes. Consumers truly have an a la carte model for gaming. Do they want to use a traditional console? They can. How about their laptop? Check. And they can also use their mobile device.

But it’s not just the hardware they use. Multiplayer games are now the rage as is the ability to play online versus other competitors. And then there’s the whole movement towards esports which is helping to inspire a service like Twitch that allows people to watch other people play video games.

As investors, the growth of digital downloads and cloud-based streaming is playing a significant role in the way video game stocks are perceived. And it’s a big reason why many video game stocks are among the best investments at the moment.

In this special presentation, we’ll look at pure-play video game stocks as well as technology companies that are leveraging their strengths to get a share of this growing pie.

View the “10 Video Game Stocks That Will Cause Investors to Jump Off Their Couch”.