Thor Industries, Inc. (THO) Expected to Earn Q2 2018 Earnings of $1.65 Per Share
Thor Industries, Inc. (NYSE:THO) – Analysts at Northcoast Research increased their Q2 2018 earnings estimates for Thor Industries in a research note issued on Thursday. Northcoast Research analyst S. Woolf now anticipates that the construction company will post earnings per share of $1.65 for the quarter, up from their prior forecast of $1.62. Northcoast Research has a “Buy” rating and a $145.00 price objective on the stock. Northcoast Research also issued estimates for Thor Industries’ Q3 2018 earnings at $2.35 EPS, Q1 2019 earnings at $1.97 EPS, Q2 2019 earnings at $1.81 EPS, Q3 2019 earnings at $2.62 EPS and Q4 2019 earnings at $2.94 EPS.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Thursday, June 8th. Off Wall Street began coverage on shares of Thor Industries in a research note on Thursday, June 29th. They issued a “sell” rating and a $75.00 target price for the company. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research note on Thursday, September 21st. Aegis reaffirmed a “hold” rating and issued a $130.00 target price (up previously from $113.00) on shares of Thor Industries in a research note on Saturday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $135.00 target price (up previously from $110.00) on shares of Thor Industries in a research note on Saturday. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Thor Industries currently has a consensus rating of “Buy” and a consensus target price of $117.59.
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Thor Industries (THO) opened at 125.91 on Friday. The firm’s 50-day moving average is $107.11 and its 200 day moving average is $100.92. The stock has a market capitalization of $6.62 billion, a PE ratio of 19.65 and a beta of 1.38. Thor Industries has a 52-week low of $74.00 and a 52-week high of $127.12. Thor Industries also was the recipient of some unusual options trading activity on Thursday. Stock investors bought 11,709 call options on the stock. This is an increase of approximately 587% compared to the average daily volume of 1,704 call options.
Thor Industries (NYSE:THO) last posted 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 net margin of 5.16% and a return on equity of 26.04%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the company posted $1.57 EPS. The company’s quarterly revenue was up 49.7% compared to the same quarter last year.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the transaction, the chairman now owns 1,396,352 shares in the company, valued at $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mountain Capital Investment Advisors Inc acquired a new position in Thor Industries during the second quarter worth $244,000. Public Employees Retirement System of Ohio boosted its holdings in Thor Industries by 34.5% during the second quarter. Public Employees Retirement System of Ohio now owns 37,259 shares of the construction company’s stock worth $3,894,000 after purchasing an additional 9,553 shares during the last quarter. Verition Fund Management LLC acquired a new position in Thor Industries during the second quarter worth $1,371,000. Ameritas Investment Partners Inc. boosted its holdings in Thor Industries by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 14,320 shares of the construction company’s stock worth $1,497,000 after purchasing an additional 214 shares during the last quarter. Finally, Castleark Management LLC acquired a new position in Thor Industries during the second quarter worth $504,000. Institutional investors and hedge funds own 89.48% of the company’s stock.
About Thor Industries
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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