$2.00 Billion in Sales Expected for Thor Industries, Inc. (THO) This Quarter

Analysts expect Thor Industries, Inc. (NYSE:THO) to report sales of $2.00 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Thor Industries’ earnings. The highest sales estimate is $2.04 billion and the lowest is $1.99 billion. Thor Industries posted sales of $2.23 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.3%. The business is scheduled to report its next quarterly earnings results on Monday, November 26th.

On average, analysts expect that Thor Industries will report full year sales of $8.21 billion for the current year, with estimates ranging from $8.05 billion to $8.48 billion. For the next fiscal year, analysts anticipate that the business will report sales of $8.43 billion, with estimates ranging from $8.12 billion to $9.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Thor Industries.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.36). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company posted $2.26 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year.

THO has been the topic of a number of recent analyst reports. Northcoast Research reaffirmed a “buy” rating on shares of Thor Industries in a research report on Friday, August 17th. Sidoti decreased their target price on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Citigroup decreased their target price on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Zacks Investment Research raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Finally, ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Thor Industries has a consensus rating of “Buy” and a consensus price target of $124.43.

NYSE THO traded up $1.35 during trading hours on Friday, reaching $80.47. The company had a trading volume of 853,311 shares, compared to its average volume of 1,070,403. Thor Industries has a 1-year low of $77.69 and a 1-year high of $161.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.01. The stock has a market capitalization of $4.41 billion, a P/E ratio of 9.41 and a beta of 1.27.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 25th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, October 24th. This is a boost from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s dividend payout ratio is currently 17.31%.

Thor Industries announced that its Board of Directors has initiated a stock buyback program on Wednesday, June 20th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 4.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In other Thor Industries news, Director James L. Ziemer purchased 5,000 shares of Thor Industries stock in a transaction dated Tuesday, October 9th. The shares were acquired at an average price of $81.74 per share, with a total value of $408,700.00. Following the completion of the transaction, the director now owns 14,000 shares of the company’s stock, valued at $1,144,360. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Thor Industries by 6.9% during the second quarter. BlackRock Inc. now owns 4,420,532 shares of the construction company’s stock worth $430,517,000 after purchasing an additional 285,394 shares in the last quarter. Swedbank lifted its position in shares of Thor Industries by 28.9% during the third quarter. Swedbank now owns 3,330,200 shares of the construction company’s stock worth $278,738,000 after purchasing an additional 747,200 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Thor Industries by 23.1% during the second quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the construction company’s stock worth $122,823,000 after purchasing an additional 236,775 shares in the last quarter. Chilton Investment Co. LLC lifted its position in shares of Thor Industries by 18.5% during the second quarter. Chilton Investment Co. LLC now owns 691,036 shares of the construction company’s stock worth $67,300,000 after purchasing an additional 108,063 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Thor Industries by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 667,941 shares of the construction company’s stock worth $65,050,000 after purchasing an additional 28,887 shares in the last quarter. 87.93% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: How analysts view the yield curve

Get a free copy of the Zacks research report on Thor Industries (THO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply