Analysts expect Thor Industries, Inc. (NYSE:THO) to announce sales of $1.80 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Thor Industries’ earnings. The highest sales estimate is $1.85 billion and the lowest is $1.77 billion. Thor Industries reported sales of $1.93 billion during the same quarter last year, which indicates a negative year over year growth rate of 6.7%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, September 20th.
On average, analysts expect that Thor Industries will report full year sales of $8.26 billion for the current financial year, with estimates ranging from $8.23 billion to $8.29 billion. For the next fiscal year, analysts expect that the firm will post sales of $8.34 billion per share, with estimates ranging from $8.13 billion to $8.60 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 6th. The construction company reported $2.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.65 by ($0.12). Thor Industries had a return on equity of 28.10% and a net margin of 5.50%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.21 billion.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Friday, August 31st. Northcoast Research reissued a “buy” rating on shares of Thor Industries in a research note on Friday, August 17th. Sidoti decreased their price target on Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research note on Friday, August 10th. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 19th. Finally, Citigroup decreased their price target on Thor Industries from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, June 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $128.50.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in THO. BlackRock Inc. increased its holdings in shares of Thor Industries by 6.9% in the 2nd quarter. BlackRock Inc. now owns 4,420,532 shares of the construction company’s stock valued at $430,517,000 after acquiring an additional 285,394 shares during the period. Swedbank increased its holdings in shares of Thor Industries by 62.7% in the 2nd quarter. Swedbank now owns 2,583,000 shares of the construction company’s stock valued at $251,558,000 after acquiring an additional 995,000 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Thor Industries by 5.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,525,126 shares of the construction company’s stock valued at $175,649,000 after acquiring an additional 77,496 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Thor Industries by 23.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the construction company’s stock valued at $122,823,000 after acquiring an additional 236,775 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Thor Industries by 8.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 914,664 shares of the construction company’s stock valued at $105,343,000 after acquiring an additional 68,202 shares during the period. Institutional investors own 87.98% of the company’s stock.
Shares of THO stock traded up $1.46 on Friday, reaching $97.03. 647,097 shares of the company’s stock were exchanged, compared to its average volume of 1,022,601. Thor Industries has a 52 week low of $87.62 and a 52 week high of $161.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 1.67. The firm has a market capitalization of $5.03 billion, a P/E ratio of 13.60 and a beta of 1.29.
Thor Industries declared that its board has approved a stock repurchase program on Wednesday, June 20th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
About Thor Industries
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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