Analysts Expect Thor Industries, Inc. (THO) Will Announce Quarterly Sales of $1.96 Billion

Equities analysts expect Thor Industries, Inc. (NYSE:THO) to post $1.96 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Thor Industries’ earnings, with the highest sales estimate coming in at $2.04 billion and the lowest estimate coming in at $1.86 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 12.1%. The business is scheduled to report its next earnings results before the market opens on Thursday, December 6th.

According to Zacks, analysts expect that Thor Industries will report full year sales of $8.02 billion for the current financial year, with estimates ranging from $7.53 billion to $8.48 billion. For the next financial year, analysts expect that the company will post sales of $8.19 billion, with estimates ranging from $7.44 billion to $9.00 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Thor Industries.

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

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Canaccord Genuity reaffirmed an “average” rating on shares of Thor Industries in a research report on Tuesday, November 13th. BMO Capital Markets reaffirmed a “buy” rating on shares of Thor Industries in a research report on Wednesday, November 7th. TD Securities reaffirmed a “hold” rating on shares of Thor Industries in a research report on Monday. Finally, TheStreet lowered shares of Thor Industries from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Thor Industries currently has a consensus rating of “Buy” and an average target price of $118.57.

In related news, Director James L. Ziemer acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, October 9th. The shares were bought at an average cost of $81.74 per share, with a total value of $408,700.00. Following the completion of the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at $1,144,360. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.20% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Thor Industries by 6.9% in the second 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 in the last quarter. Swedbank grew its stake in shares of Thor Industries by 28.9% in the third quarter. Swedbank now owns 3,330,200 shares of the construction company’s stock valued at $278,738,000 after acquiring an additional 747,200 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Thor Industries by 1.7% in the third quarter. Janus Henderson Group PLC now owns 1,282,906 shares of the construction company’s stock valued at $107,379,000 after acquiring an additional 21,763 shares in the last quarter. LSV Asset Management grew its stake in shares of Thor Industries by 181.7% in the third quarter. LSV Asset Management now owns 1,025,970 shares of the construction company’s stock valued at $85,873,000 after acquiring an additional 661,709 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Thor Industries by 7,840.5% in the third quarter. American Century Companies Inc. now owns 919,903 shares of the construction company’s stock valued at $76,996,000 after acquiring an additional 908,318 shares in the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.

NYSE THO traded up $2.58 on Friday, hitting $67.24. 650,204 shares of the stock were exchanged, compared to its average volume of 978,658. The company has a current ratio of 1.71, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. Thor Industries has a 52 week low of $63.48 and a 52 week high of $161.48. The firm has a market capitalization of $3.41 billion, a P/E ratio of 7.86 and a beta of 1.42.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Thursday, October 25th were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, October 24th. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 2.32%. Thor Industries’s dividend payout ratio is presently 18.25%.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; 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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