Thor Industries (NYSE:THO) Releases Quarterly Earnings Results, Beats Expectations By $1.45 EPS

Thor Industries (NYSE:THO – Get Rating) announced its quarterly earnings data on Wednesday. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.87 by $1.45, Briefing.com reports. Thor Industries had a net margin of 6.76% and a return on equity of 34.04%. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $3.29 earnings per share. The business’s revenue for the quarter was up 34.6% on a year-over-year basis.

Shares of THO stock traded down $1.83 during trading hours on Friday, hitting $74.79. 6,867 shares of the company’s stock were exchanged, compared to its average volume of 1,176,005. The company has a market capitalization of $4.12 billion, a PE ratio of 3.92 and a beta of 1.82. Thor Industries has a 12-month low of $66.26 and a 12-month high of $128.87. The business’s 50 day simple moving average is $78.43 and its 200-day simple moving average is $89.57. The company has a current ratio of 1.70, a quick ratio of 0.80 and a debt-to-equity ratio of 0.58.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Tuesday, April 5th. Thor Industries’s dividend payout ratio (DPR) is presently 8.79%.

A number of brokerages recently commented on THO. DA Davidson lowered shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $60.00 price objective on the stock. in a report on Thursday, May 19th. StockNews.com assumed coverage on shares of Thor Industries in a report on Thursday, March 31st. They set a “hold” rating for the company. MKM Partners assumed coverage on shares of Thor Industries in a research note on Thursday, May 5th. They issued a “neutral” rating and a $89.00 price objective for the company. Robert W. Baird dropped their price objective on shares of Thor Industries from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Exane BNP Paribas cut shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 target price for the company. in a research report on Wednesday, April 13th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $93.82.

In other Thor Industries news, Director James L. Ziemer purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, April 5th. The shares were purchased at an average cost of $80.53 per share, with a total value of $805,300.00. Following the completion of the purchase, the director now owns 29,835 shares of the company’s stock, valued at approximately $2,402,612.55. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd increased its stake in shares of Thor Industries by 51.7% in the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock worth $57,000 after buying an additional 247 shares during the period. Cypress Capital Group purchased a new position in shares of Thor Industries in the fourth quarter worth $243,000. Captrust Financial Advisors increased its stake in shares of Thor Industries by 18.3% in the first quarter. Captrust Financial Advisors now owns 2,420 shares of the construction company’s stock worth $190,000 after buying an additional 374 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Thor Industries in the fourth quarter worth $289,000. Finally, Walleye Capital LLC bought a new stake in Thor Industries in the first quarter valued at $237,000. 93.11% of the stock is currently owned by institutional investors.

About Thor Industries (Get Rating)

Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

See Also