Thor Industries, Inc. (THO) Expected to Announce Quarterly Sales of $1.93 Billion

Wall Street brokerages expect Thor Industries, Inc. (NYSE:THO) to post sales of $1.93 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Thor Industries’ earnings. The lowest sales estimate is $1.71 billion and the highest is $2.13 billion. Thor Industries reported sales of $1.59 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The firm is expected to report its next quarterly earnings results on Monday, March 5th.

According to Zacks, analysts expect that Thor Industries will report full-year sales of $1.93 billion for the current year, with estimates ranging from $7.66 billion to $8.60 billion. For the next year, analysts anticipate that the company will post sales of $8.64 billion per share, with estimates ranging from $8.12 billion to $9.09 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last issued its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $1.49 EPS. The company’s revenue for the quarter was up 30.6% on a year-over-year basis.

A number of brokerages have issued reports on THO. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Argus downgraded Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BMO Capital Markets raised their target price on Thor Industries to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 28th. Robert W. Baird reaffirmed a “buy” rating and issued a $136.00 target price on shares of Thor Industries in a research note on Wednesday, November 1st. Finally, Citigroup raised their target price on Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $124.33.

In related news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the completion of the sale, the director now directly owns 4,988 shares of the company’s stock, valued at approximately $766,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Fiduciary Trust Co. acquired a new stake in shares of Thor Industries during the 2nd quarter worth about $133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after acquiring an additional 151 shares during the period. Bruderman Asset Management LLC purchased a new position in Thor Industries during the 2nd quarter valued at about $187,000. Sigma Planning Corp purchased a new position in Thor Industries during the 3rd quarter valued at about $202,000. Finally, Guardian Capital LP purchased a new position in Thor Industries during the 3rd quarter valued at about $204,000. 88.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Thor Industries (NYSE:THO) traded down $0.13 on Friday, hitting $155.48. The company’s stock had a trading volume of 372,900 shares, compared to its average volume of 556,200. Thor Industries has a twelve month low of $87.96 and a twelve month high of $157.50. The firm has a market cap of $8,180.00, a P/E ratio of 19.36 and a beta of 1.45. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 22nd. Thor Industries’s payout ratio is 18.43%.

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About Thor Industries

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

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

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