THOR Industries (NYSE:THO) Posts Earnings Results

THOR Industries (NYSE:THO) issued its quarterly earnings data on Tuesday. The construction company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33, Briefing.com reports. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the company posted $1.68 EPS. The business’s revenue was down 7.4% on a year-over-year basis. THOR Industries updated its FY 2025 guidance to 4.000-5.000 EPS and its FY25 guidance to $4.00-5.00 EPS.

THOR Industries Trading Up 2.6 %

Shares of THO stock traded up $2.76 during trading hours on Thursday, reaching $109.20. 177,280 shares of the stock were exchanged, compared to its average volume of 498,278. THOR Industries has a 12-month low of $84.54 and a 12-month high of $129.31. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $102.63 and its 200-day moving average price is $101.26. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 21.59 and a beta of 1.67.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Truist Financial lifted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Citigroup dropped their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Benchmark assumed coverage on shares of THOR Industries in a research note on Thursday, July 18th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.00.

About THOR Industries

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.