Equities 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.
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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.
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