Zacks: Analysts Anticipate Thor Industries (THO) to Post $2.68 Earnings Per Share

Equities analysts forecast that Thor Industries (NYSE:THO) will report earnings per share of $2.68 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Thor Industries’ earnings. The highest EPS estimate is $2.90 and the lowest is $2.48. Thor Industries reported earnings per share of $2.11 during the same quarter last year, which would suggest a positive year over year growth rate of 27%. The company is expected to issue its next quarterly earnings report on Monday, June 4th.

According to Zacks, analysts expect that Thor Industries will report full year earnings of $9.34 per share for the current fiscal year, with EPS estimates ranging from $9.00 to $9.80. For the next year, analysts expect that the firm will report earnings of $10.93 per share, with EPS estimates ranging from $10.00 to $11.70. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Thor Industries.

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

A number of brokerages have commented on THO. Argus raised shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 16th. They noted that the move was a valuation call. Aegis raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Thursday, March 8th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and set a $142.00 target price (up from $132.00) on shares of Thor Industries in a research note on Thursday, March 8th. Northcoast Research reaffirmed a “hold” rating on shares of Thor Industries in a research note on Tuesday, February 27th. Finally, Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $129.90.

THO traded down $0.69 on Friday, reaching $101.66. 709,005 shares of the company’s stock were exchanged, compared to its average volume of 962,458. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. Thor Industries has a twelve month low of $87.96 and a twelve month high of $161.48. The firm has a market capitalization of $5,541.41, a PE ratio of 14.42 and a beta of 1.36.

The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, March 28th. Thor Industries’s dividend payout ratio (DPR) is 20.87%.

Institutional investors have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC raised its stake in shares of Thor Industries by 45.1% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock valued at $1,945,000 after acquiring an additional 4,012 shares during the period. Macquarie Group Ltd. raised its stake in shares of Thor Industries by 32.1% in the 4th quarter. Macquarie Group Ltd. now owns 12,720 shares of the construction company’s stock valued at $1,918,000 after acquiring an additional 3,094 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Thor Industries by 12.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 81,470 shares of the construction company’s stock valued at $12,279,000 after acquiring an additional 9,310 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Thor Industries in the 4th quarter valued at approximately $3,772,000. Finally, New Mexico Educational Retirement Board purchased a new stake in shares of Thor Industries in the 4th quarter valued at approximately $1,824,000. 85.98% of the stock is currently owned by institutional investors and hedge funds.

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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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