Q1 2018 EPS Estimates for Thor Industries, Inc. (THO) Boosted by SunTrust Banks
Thor Industries, Inc. (NYSE:THO) – Equities research analysts at SunTrust Banks raised their Q1 2018 earnings estimates for shares of Thor Industries in a note issued to investors on Wednesday. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings of $1.87 per share for the quarter, up from their previous forecast of $1.74. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Thor Industries’ Q3 2018 earnings at $2.40 EPS, Q4 2018 earnings at $2.31 EPS and FY2018 earnings at $8.05 EPS.
THO has been the topic of a number of other research reports. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Wednesday, August 30th. BidaskClub downgraded Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 target price on shares of Thor Industries in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a report on Friday, September 8th. Finally, Northcoast Research reissued a “buy” rating and issued a $145.00 target price (up previously from $134.00) on shares of Thor Industries in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Thor Industries currently has an average rating of “Buy” and an average price target of $117.59.
Shares of Thor Industries (NYSE:THO) opened at 125.91 on Friday. The company has a 50-day moving average price of $107.11 and a 200 day moving average price of $100.92. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 19.65 and a beta of 1.38. Thor Industries has a one year low of $74.00 and a one year high of $127.12. Thor Industries also saw some unusual options trading on Thursday. Traders acquired 11,709 call options on the company. This is an increase of approximately 587% compared to the typical daily volume of 1,704 call options.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 49.7% on a year-over-year basis.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the transaction, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. World Asset Management Inc raised its stake in shares of Thor Industries by 14.3% in the first quarter. World Asset Management Inc now owns 3,722 shares of the construction company’s stock worth $358,000 after buying an additional 467 shares during the period. United Capital Financial Advisers LLC grew its position in shares of Thor Industries by 2.7% during the first quarter. United Capital Financial Advisers LLC now owns 13,278 shares of the construction company’s stock worth $1,276,000 after purchasing an additional 354 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Thor Industries by 5.7% during the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock worth $383,913,000 after purchasing an additional 214,042 shares in the last quarter. Financial Counselors Inc. purchased a new stake in shares of Thor Industries during the second quarter worth about $1,144,000. Finally, Riverhead Capital Management LLC grew its position in shares of Thor Industries by 58.0% during the second quarter. Riverhead Capital Management LLC now owns 64,296 shares of the construction company’s stock worth $6,720,000 after purchasing an additional 23,596 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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