Thor Industries, Inc. (NYSE:THO) Expected to Announce Earnings of $1.63 Per Share

Brokerages predict that Thor Industries, Inc. (NYSE:THO) will announce earnings per share (EPS) of $1.63 for the current quarter, Zacks reports. Four analysts have made estimates for Thor Industries’ earnings, with estimates ranging from $1.49 to $1.81. Thor Industries reported earnings per share of $1.67 in the same quarter last year, which suggests a negative year-over-year growth rate of 2.4%. The firm is expected to announce its next earnings report on Thursday, September 19th.

According to Zacks, analysts expect that Thor Industries will report full year earnings of $5.24 per share for the current fiscal year, with EPS estimates ranging from $5.07 to $5.42. For the next year, analysts anticipate that the business will post earnings of $6.38 per share, with EPS estimates ranging from $5.70 to $7.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Thor Industries.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 10th. The construction company reported $1.65 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.60 billion. Thor Industries had a net margin of 1.74% and a return on equity of 15.53%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $2.53 EPS.

A number of research analysts recently commented on the company. Citigroup dropped their price target on Thor Industries from $78.00 to $70.00 in a research note on Monday, June 17th. Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “strong sell” rating in a research note on Wednesday, May 29th. SunTrust Banks reaffirmed a “buy” rating and issued a $80.00 price target on shares of Thor Industries in a research note on Tuesday, June 11th. Finally, Northcoast Research assumed coverage on Thor Industries in a research note on Friday, June 14th. They issued a “buy” rating and a $67.00 price target for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Thor Industries presently has a consensus rating of “Hold” and an average price target of $80.44.

In other news, Director James L. Ziemer purchased 3,545 shares of Thor Industries stock in a transaction dated Monday, July 8th. The shares were bought at an average cost of $57.23 per share, for a total transaction of $202,880.35. Following the completion of the acquisition, the director now owns 15,263 shares in the company, valued at approximately $873,501.49. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in THO. Zions Bancorporation N.A. bought a new stake in shares of Thor Industries during the first quarter worth about $26,000. Princeton Global Asset Management LLC bought a new stake in shares of Thor Industries during the first quarter worth about $34,000. Osborn Williams & Donohoe LLC bought a new stake in Thor Industries in the first quarter valued at approximately $39,000. Cullen Frost Bankers Inc. bought a new stake in Thor Industries in the first quarter valued at approximately $70,000. Finally, Exane Derivatives boosted its holdings in Thor Industries by 120.6% in the first quarter. Exane Derivatives now owns 1,403 shares of the construction company’s stock valued at $87,000 after acquiring an additional 767 shares during the last quarter. Institutional investors own 85.06% of the company’s stock.

THO stock traded up $0.56 during midday trading on Thursday, reaching $60.16. The company had a trading volume of 21,637 shares, compared to its average volume of 631,998. The stock has a market capitalization of $3.28 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.85. The company’s 50 day simple moving average is $57.75. Thor Industries has a 1-year low of $47.71 and a 1-year high of $109.94. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 0.91.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, June 28th. Thor Industries’s dividend payout ratio (DPR) is currently 18.25%.

Thor Industries Company Profile

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

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