Brokerages Anticipate Thor Industries, Inc. (THO) Will Post Earnings of $1.70 Per Share

Share on StockTwits

Wall Street brokerages expect that Thor Industries, Inc. (NYSE:THO) will post earnings of $1.70 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Thor Industries’ earnings. The lowest EPS estimate is $1.40 and the highest is $2.00. Thor Industries reported earnings per share of $2.53 in the same quarter last year, which would suggest a negative year-over-year growth rate of 32.8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, June 5th.

According to Zacks, analysts expect that Thor Industries will report full-year earnings of $5.70 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $6.65 per share, with EPS estimates ranging from $5.75 to $8.00. Zacks’ EPS calculations are an average based on a survey of research firms that cover Thor Industries.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.23). The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.58 billion. Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The company’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 EPS.

A number of research firms have commented on THO. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. TheStreet lowered Thor Industries from a “b-” rating to a “c+” rating in a research report on Thursday, November 15th. TD Securities reissued a “hold” rating on shares of Thor Industries in a research report on Monday, November 19th. Finally, SunTrust Banks increased their target price on Thor Industries to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $98.14.

THO opened at $63.70 on Friday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 7.45 and a beta of 1.71. Thor Industries has a one year low of $47.71 and a one year high of $126.45.

Several large investors have recently made changes to their positions in the company. Patten Group Inc. grew its stake in shares of Thor Industries by 40.0% in the 4th quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after buying an additional 160 shares during the last quarter. FTB Advisors Inc. grew its stake in shares of Thor Industries by 155.6% in the 4th quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock worth $29,000 after buying an additional 347 shares during the last quarter. Resources Investment Advisors Inc. purchased a new stake in shares of Thor Industries in the 4th quarter worth approximately $30,000. Private Capital Group LLC grew its stake in shares of Thor Industries by 56.1% in the 4th quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after buying an additional 210 shares during the last quarter. Finally, Exane Derivatives purchased a new stake in shares of Thor Industries in the 4th quarter worth approximately $33,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: Options Trading

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.



Latest News

$1.93 Earnings Per Share Expected for United Parcel Service, Inc.  This Quarter
$1.93 Earnings Per Share Expected for United Parcel Service, Inc. This Quarter
RDI Reit  Reaches New 12-Month Low at $116.80
RDI Reit Reaches New 12-Month Low at $116.80
Contourglobal PLC  Insider Purchases £20,573.40 in Stock
Contourglobal PLC Insider Purchases £20,573.40 in Stock
Crowdholding Tops 24 Hour Trading Volume of $240.00
Crowdholding Tops 24 Hour Trading Volume of $240.00
Head-To-Head Survey: Freestone Resources  and Weatherford International
Head-To-Head Survey: Freestone Resources and Weatherford International
Raymond James Analysts Give Blackline Safety  a C$7.50 Price Target
Raymond James Analysts Give Blackline Safety a C$7.50 Price Target


© 2006-2019 Ticker Report