Thor Industries, Inc. (THO) Expected to Post Quarterly Sales of $1.71 Billion

Wall Street analysts expect Thor Industries, Inc. (NYSE:THO) to report sales of $1.71 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Thor Industries’ earnings, with estimates ranging from $1.62 billion to $1.78 billion. Thor Industries posted sales of $1.97 billion during the same quarter last year, which would indicate a negative year over year growth rate of 13.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 6th.

According to Zacks, analysts expect that Thor Industries will report full-year sales of $7.63 billion for the current year, with estimates ranging from $7.34 billion to $8.01 billion. For the next year, analysts forecast that the firm will report sales of $7.75 billion, with estimates ranging from $7.44 billion to $8.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Thor Industries.

Thor Industries (NYSE:THO) last released its earnings results on Thursday, December 6th. The construction company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.39). Thor Industries had a return on equity of 21.09% and a net margin of 4.02%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company posted $2.43 earnings per share. The company’s revenue was down 21.3% on a year-over-year basis.

A number of research firms have recently commented on THO. TD Securities reissued a “hold” rating on shares of Thor Industries in a research note on Monday, November 19th. Citigroup cut their target price on Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. SunTrust Banks reissued a “buy” rating and issued a $85.00 target price on shares of Thor Industries in a research note on Thursday. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Canaccord Genuity reissued an “average” rating on shares of Thor Industries in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Thor Industries presently has an average rating of “Buy” and an average price target of $114.38.

In other Thor Industries news, Director James L. Ziemer acquired 5,000 shares of the company’s stock in a transaction that occurred on 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 approximately $1,144,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

Institutional investors have recently added to or reduced their stakes in the stock. Private Capital Group LLC boosted its position in shares of Thor Industries by 351.7% during the second quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock valued at $105,000 after buying an additional 844 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Thor Industries in the third quarter valued at about $110,000. Hanson & Doremus Investment Management bought a new position in Thor Industries in the third quarter valued at about $139,000. First Mercantile Trust Co. lifted its holdings in Thor Industries by 436.8% in the third quarter. First Mercantile Trust Co. now owns 1,825 shares of the construction company’s stock valued at $153,000 after acquiring an additional 1,485 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its holdings in Thor Industries by 282.9% in the second quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock valued at $155,000 after acquiring an additional 1,174 shares during the period. 86.21% of the stock is currently owned by institutional investors.

NYSE THO opened at $61.72 on Monday. Thor Industries has a 12 month low of $55.50 and a 12 month high of $161.48. The firm has a market capitalization of $3.26 billion, a PE ratio of 7.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.66.

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.

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