$2.28 Billion in Sales Expected for Thor Industries (THO) This Quarter

Wall Street brokerages forecast that Thor Industries (NYSE:THO) will post $2.28 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Thor Industries’ earnings. The lowest sales estimate is $2.25 billion and the highest is $2.30 billion. Thor Industries posted sales of $2.02 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The firm is scheduled to report its next quarterly earnings results on Monday, June 4th.

According to Zacks, analysts expect that Thor Industries will report full-year sales of $8.55 billion for the current year, with estimates ranging from $8.51 billion to $8.59 billion. For the next financial year, analysts forecast that the firm will post sales of $8.89 billion per share, with estimates ranging from $8.54 billion to $9.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Thor Industries.

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Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.11. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the company posted $1.23 earnings per share. Thor Industries’s revenue was up 24.1% compared to the same quarter last year.

A number of brokerages have issued reports on THO. Northcoast Research downgraded shares of Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research note on Friday, January 26th. ValuEngine upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Aegis upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $132.00 price objective on shares of Thor Industries and gave the stock a “hold” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $129.90.

THO stock opened at $104.88 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.63. Thor Industries has a 52 week low of $87.96 and a 52 week high of $161.48. The stock has a market capitalization of $5,667.35, a P/E ratio of 14.79 and a beta of 1.37.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. Thor Industries’s payout ratio is 20.87%.

Several hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. lifted its holdings in shares of Thor Industries by 1.0% in the fourth quarter. Sit Investment Associates Inc. now owns 37,985 shares of the construction company’s stock worth $5,725,000 after acquiring an additional 385 shares during the last quarter. Bluestein R H & Co. lifted its holdings in shares of Thor Industries by 7.1% in the fourth quarter. Bluestein R H & Co. now owns 6,025 shares of the construction company’s stock worth $908,000 after acquiring an additional 400 shares during the last quarter. Barnett & Company Inc. lifted its holdings in shares of Thor Industries by 4.9% in the fourth quarter. Barnett & Company Inc. now owns 11,265 shares of the construction company’s stock worth $1,698,000 after acquiring an additional 525 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Thor Industries by 5.5% in the fourth quarter. Amalgamated Bank now owns 10,374 shares of the construction company’s stock worth $1,564,000 after acquiring an additional 544 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Thor Industries by 9.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,890 shares of the construction company’s stock worth $1,039,000 after acquiring an additional 579 shares during the last quarter. 85.98% of the stock is owned by hedge funds and other institutional investors.

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Thor Industries Company Profile

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

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