Thor Industries, Inc. (NYSE:THO) – Jefferies Financial Group issued their Q3 2019 earnings per share estimates for shares of Thor Industries in a research report issued to clients and investors on Thursday, March 28th, Zacks Investment Research reports. Jefferies Financial Group analyst B. Jordan forecasts that the construction company will post earnings per share of $1.73 for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Financial Group also issued estimates for Thor Industries’ Q4 2019 earnings at $2.01 EPS, Q1 2020 earnings at $1.35 EPS, Q2 2020 earnings at $0.86 EPS, Q3 2020 earnings at $2.60 EPS, Q4 2020 earnings at $2.46 EPS and FY2020 earnings at $7.27 EPS.
A number of other analysts have also issued reports on THO. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Friday, February 15th. SunTrust Banks boosted their target price on shares of Thor Industries to $85.00 and gave the company a “buy” rating in a research note on Tuesday, February 12th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research note on Monday, February 4th. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 15th. Finally, Bank of America started coverage on shares of Thor Industries in a research note on Tuesday, March 26th. They set an “underperform” rating and a $62.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Thor Industries has an average rating of “Hold” and a consensus target price of $90.44.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.23). The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Thor Industries had a return on equity of 17.27% and a net margin of 3.21%. The firm’s quarterly revenue was down 34.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Wednesday, April 3rd. Thor Industries’s dividend payout ratio (DPR) is presently 18.25%.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Thor Industries by 1.0% in the third quarter. Vanguard Group Inc. now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after acquiring an additional 45,427 shares during the period. Vanguard Group Inc raised its holdings in Thor Industries by 1.0% in the third quarter. Vanguard Group Inc now owns 4,409,980 shares of the construction company’s stock worth $369,116,000 after purchasing an additional 45,427 shares in the last quarter. BlackRock Inc. raised its holdings in Thor Industries by 0.3% in the fourth quarter. BlackRock Inc. now owns 4,400,842 shares of the construction company’s stock worth $228,842,000 after purchasing an additional 12,350 shares in the last quarter. Swedbank raised its holdings in Thor Industries by 9.0% in the fourth quarter. Swedbank now owns 3,630,600 shares of the construction company’s stock worth $186,395,000 after purchasing an additional 300,400 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Thor Industries by 48.5% in the fourth quarter. American Century Companies Inc. now owns 1,366,347 shares of the construction company’s stock worth $71,050,000 after purchasing an additional 446,444 shares in the last quarter. 85.54% of the stock is owned by 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.
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