Zacks: Analysts Expect Thor Industries, Inc. (THO) Will Post Earnings of $1.74 Per Share

Wall Street brokerages expect Thor Industries, Inc. (NYSE:THO) to announce earnings per share of $1.74 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Thor Industries’ earnings, with the highest EPS estimate coming in at $1.98 and the lowest estimate coming in at $1.61. Thor Industries posted earnings of $2.53 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 31.2%. The firm is scheduled to issue its next earnings report before the market opens on Monday, June 10th.

On average, analysts expect that Thor Industries will report full-year earnings of $5.55 per share for the current fiscal year, with EPS estimates ranging from $5.40 to $5.85. For the next financial year, analysts anticipate that the business will post earnings of $6.81 per share, with EPS estimates ranging from $5.70 to $7.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Thor Industries.

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



Several analysts recently issued reports on the company. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Thursday, March 28th. SunTrust Banks upped their target price on Thor Industries to $85.00 and gave the stock a “buy” rating in a report on Tuesday, February 12th. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. Bank of America assumed coverage on Thor Industries in a report on Tuesday, March 26th. They set an “underperform” rating and a $62.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on Thor Industries in a report on Thursday, March 28th. They set a “hold” rating and a $65.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Thor Industries currently has an average rating of “Hold” and an average target price of $90.89.

THO traded down $0.02 on Friday, hitting $56.72. 488,255 shares of the company were exchanged, compared to its average volume of 842,513. Thor Industries has a 12 month low of $47.71 and a 12 month high of $109.94. The firm has a market capitalization of $3.12 billion, a PE ratio of 6.63, a PEG ratio of 0.74 and a beta of 1.70.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation N.A. acquired a new position in Thor Industries during the first quarter worth approximately $26,000. FTB Advisors Inc. increased its position in Thor Industries by 155.6% during the fourth 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. Patten Group Inc. increased its position in Thor Industries by 40.0% during the fourth 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. Resources Investment Advisors Inc. acquired a new position in Thor Industries during the fourth quarter worth approximately $30,000. Finally, Private Capital Group LLC increased its position in Thor Industries by 56.1% during the fourth 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. 87.14% of the stock is currently 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.

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

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