Thor Industries, Inc. (NYSE:THO) Expected to Announce Quarterly Sales of $2.85 Billion


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Wall Street analysts expect that Thor Industries, Inc. (NYSE:THO) will announce $2.85 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Thor Industries’ earnings. The highest sales estimate is $3.13 billion and the lowest is $2.13 billion. Thor Industries reported sales of $1.68 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 69.6%. The business is expected to announce its next quarterly earnings report on Monday, June 14th.

According to Zacks, analysts expect that Thor Industries will report full year sales of $11.13 billion for the current financial year, with estimates ranging from $9.91 billion to $11.56 billion. For the next financial year, analysts expect that the company will report sales of $11.92 billion, with estimates ranging from $10.82 billion to $12.68 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Thor Industries.

Thor Industries (NYSE:THO) last issued its earnings results on Monday, March 8th. The construction company reported $2.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.78. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.55 billion. Thor Industries had a return on equity of 13.15% and a net margin of 3.34%. The business’s revenue was up 36.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share.

Several equities analysts have recently weighed in on THO shares. KeyCorp lifted their price target on Thor Industries from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, March 16th. BMO Capital Markets lifted their price target on Thor Industries from $125.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, March 10th. Truist lifted their price target on Thor Industries from $135.00 to $145.00 in a research report on Wednesday, March 10th. Wedbush lifted their price target on Thor Industries from $107.00 to $137.00 and gave the company a “neutral” rating in a research report on Wednesday, March 10th. Finally, TheStreet upgraded Thor Industries from a “c+” rating to a “b-” rating in a research report on Wednesday, March 17th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $128.13.

In other Thor Industries news, Director James L. Ziemer sold 2,045 shares of Thor Industries stock in a transaction dated Friday, April 16th. The stock was sold at an average price of $139.09, for a total transaction of $284,439.05. Following the completion of the sale, the director now owns 18,220 shares of the company’s stock, valued at $2,534,219.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kenneth D. Julian sold 4,532 shares of Thor Industries stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $136.61, for a total value of $619,116.52. Following the sale, the vice president now directly owns 43,498 shares of the company’s stock, valued at approximately $5,942,261.78. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in Thor Industries during the fourth quarter worth about $27,000. NEXT Financial Group Inc lifted its stake in shares of Thor Industries by 436.2% in the 4th quarter. NEXT Financial Group Inc now owns 311 shares of the construction company’s stock valued at $29,000 after acquiring an additional 253 shares during the last quarter. Mcmillion Capital Management Inc. bought a new stake in shares of Thor Industries in the 4th quarter valued at about $36,000. International Assets Investment Management LLC lifted its stake in shares of Thor Industries by 132.9% in the 1st quarter. International Assets Investment Management LLC now owns 396 shares of the construction company’s stock valued at $46,000 after acquiring an additional 226 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Thor Industries by 203.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the construction company’s stock valued at $57,000 after acquiring an additional 283 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE THO traded up $1.51 during mid-day trading on Thursday, hitting $146.76. The company had a trading volume of 287,544 shares, compared to its average volume of 675,180. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 28.24 and a beta of 2.42. Thor Industries has a 1 year low of $63.04 and a 1 year high of $152.20. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $138.66 and its 200-day moving average price is $112.58.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Friday, April 2nd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.12%. The ex-dividend date was Wednesday, March 31st. Thor Industries’s payout ratio is 34.60%.

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. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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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