Thor Industries, Inc. (THO) Scheduled to Post Quarterly Earnings on Monday
Thor Industries, Inc. (NYSE:THO) is scheduled to be announcing its earnings results after the market closes on Monday, November 27th. Analysts expect the company to announce earnings of $1.72 per share for the quarter.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the company posted $1.57 EPS. The business’s revenue was up 49.7% on a year-over-year basis. On average, analysts expect Thor Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Thor Industries, Inc. (NYSE:THO) opened at $133.87 on Monday. Thor Industries, Inc. has a 52 week low of $86.27 and a 52 week high of $138.07. The company has a market cap of $7,054.19, a price-to-earnings ratio of 18.88 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.09.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were paid a $0.37 dividend. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, October 23rd. Thor Industries’s dividend payout ratio (DPR) is presently 20.87%.
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In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the sale, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is currently owned by company insiders.
A number of equities analysts have commented on THO shares. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Wednesday, August 30th. Robert W. Baird reissued a “buy” rating and issued a $136.00 price objective on shares of Thor Industries in a research note on Wednesday, November 1st. BidaskClub cut shares of Thor Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price objective on shares of Thor Industries in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. lifted their price objective on shares of Thor Industries and gave the stock a “buy” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $123.08.
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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