Thor Industries, Inc. (THO) Forecasted to Post Q2 2019 Earnings of $0.97 Per Share

Thor Industries, Inc. (NYSE:THO) – Investment analysts at Northcoast Research decreased their Q2 2019 earnings per share (EPS) estimates for Thor Industries in a research note issued to investors on Tuesday, December 4th. Northcoast Research analyst S. Woolf now forecasts that the construction company will post earnings of $0.97 per share for the quarter, down from their previous forecast of $1.46. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for Thor Industries’ Q3 2019 earnings at $1.85 EPS, Q4 2019 earnings at $1.58 EPS, FY2019 earnings at $5.75 EPS, Q1 2020 earnings at $1.49 EPS, Q2 2020 earnings at $1.00 EPS, Q3 2020 earnings at $2.10 EPS, Q4 2020 earnings at $1.71 EPS and FY2020 earnings at $6.30 EPS.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Thursday, December 6th. The construction company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($1.41). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business earned $2.43 EPS. The firm’s quarterly revenue was down 21.3% on a year-over-year basis.

A number of other research analysts have also weighed in on the company. SunTrust Banks reaffirmed a “buy” rating and set a $85.00 price objective on shares of Thor Industries in a research report on Thursday. TD Securities reiterated a “hold” rating on shares of Thor Industries in a research note on Monday, November 19th. TheStreet downgraded Thor Industries from a “b-” rating to a “c+” rating in a research note on Thursday, November 15th. Canaccord Genuity reiterated an “average” rating on shares of Thor Industries in a research note on Tuesday, November 13th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Thor Industries in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $114.38.

THO stock opened at $60.34 on Thursday. Thor Industries has a twelve month low of $55.50 and a twelve month 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 company has a market cap of $3.40 billion, a P/E ratio of 7.06 and a beta of 1.44.

Several hedge funds have recently added to or reduced their stakes in THO. Private Capital Group LLC boosted its stake in shares of Thor Industries by 351.7% in the 2nd quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock worth $105,000 after buying an additional 844 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Thor Industries in the 3rd quarter worth $110,000. Hanson & Doremus Investment Management purchased a new position in shares of Thor Industries in the 3rd quarter worth $139,000. First Mercantile Trust Co. boosted its stake in shares of Thor Industries by 436.8% in the 3rd quarter. First Mercantile Trust Co. now owns 1,825 shares of the construction company’s stock worth $153,000 after buying an additional 1,485 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Thor Industries by 282.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock worth $155,000 after buying an additional 1,174 shares during the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

In other Thor Industries news, Director James L. Ziemer bought 5,000 shares of the business’s stock in a transaction on Tuesday, October 9th. The shares were acquired at an average cost of $81.74 per share, for a total transaction of $408,700.00. Following the purchase, the director now owns 14,000 shares in the company, valued at approximately $1,144,360. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Peter Busch Orthwein sold 5,028 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $69.63, for a total value of $350,099.64. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.59%. This is an increase from Thor Industries’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, October 24th. Thor Industries’s dividend payout ratio (DPR) is currently 18.25%.

About Thor Industries

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.

Further Reading: What is a put option?

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