Thor Industries (NYSE:THO) will be issuing its quarterly earnings data before the market opens on Tuesday, June 8th. Analysts expect the company to announce earnings of $2.31 per share for the quarter.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, March 8th. The construction company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.60 by $0.78. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. Thor Industries had a return on equity of 16.44% and a net margin of 4.20%. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, analysts expect Thor Industries to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of THO opened at $123.00 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $134.80 and its 200 day simple moving average is $118.48. Thor Industries has a 1-year low of $78.64 and a 1-year high of $152.20. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 17.57 and a beta of 2.37.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 16th. Stockholders of record on Friday, April 2nd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, March 31st. This represents a $1.64 annualized dividend and a dividend yield of 1.33%. Thor Industries’s dividend payout ratio is presently 34.60%.
In other Thor Industries news, VP Kenneth D. Julian sold 4,532 shares of Thor Industries stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $136.61, for a total value of $619,116.52. Following the completion of the transaction, the vice president now directly owns 43,498 shares of the company’s stock, valued at approximately $5,942,261.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James L. Ziemer sold 2,045 shares of the company’s stock in a transaction on Friday, April 16th. The shares were sold at an average price of $139.09, for a total value of $284,439.05. Following the sale, the director now owns 18,220 shares of the company’s stock, valued at $2,534,219.80. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.
THO has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Thor Industries from $125.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, March 10th. Zacks Investment Research downgraded Thor Industries from a “strong-buy” rating to a “hold” rating and set a $148.00 price target for the company. in a report on Tuesday, May 11th. Wedbush upped their price objective on shares of Thor Industries from $107.00 to $137.00 and gave the company a “neutral” rating in a report on Wednesday, March 10th. KeyCorp raised their target price on shares of Thor Industries from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 16th. Finally, TheStreet upgraded shares of Thor Industries from a “c+” rating to a “b-” rating in a research note on Wednesday, March 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Thor Industries currently has a consensus rating of “Buy” and an average target price of $134.00.
Thor Industries Company Profile
Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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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