Thor Industries, Inc. (NYSE:THO) – Analysts at Northcoast Research decreased their Q1 2019 EPS estimates for Thor Industries in a research note issued on Thursday, September 20th. Northcoast Research analyst S. Woolf now anticipates that the construction company will post earnings per share of $1.39 for the quarter, down from their prior forecast of $1.52. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for Thor Industries’ Q3 2019 earnings at $2.20 EPS, Q1 2020 earnings at $1.85 EPS, Q2 2020 earnings at $1.87 EPS, Q3 2020 earnings at $2.65 EPS and Q4 2020 earnings at $2.14 EPS.

Thor Industries (NYSE:THO) last posted its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.36). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the firm earned $2.26 EPS. Thor Industries’s revenue was down 3.2% compared to the same quarter last year.

Several other brokerages have also recently weighed in on THO. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup lowered their target price on Thor Industries from $150.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, June 21st. Sidoti lowered their target price on Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a report on Friday, August 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $124.00 target price on shares of Thor Industries in a report on Monday, June 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Thor Industries currently has a consensus rating of “Buy” and an average price target of $128.43.

Shares of THO stock opened at $89.04 on Monday. Thor Industries has a twelve month low of $87.62 and a twelve month high of $161.48. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 10.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 0.96.

Thor Industries announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 20th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently modified their holdings of THO. BlackRock Inc. lifted its stake in shares of Thor Industries by 6.9% during the 2nd quarter. BlackRock Inc. now owns 4,420,532 shares of the construction company’s stock worth $430,517,000 after purchasing an additional 285,394 shares during the last quarter. Swedbank lifted its stake in shares of Thor Industries by 62.7% during the 2nd quarter. Swedbank now owns 2,583,000 shares of the construction company’s stock worth $251,558,000 after purchasing an additional 995,000 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Thor Industries by 23.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the construction company’s stock worth $122,823,000 after purchasing an additional 236,775 shares during the last quarter. Chilton Investment Co. LLC lifted its stake in shares of Thor Industries by 18.5% during the 2nd quarter. Chilton Investment Co. LLC now owns 691,036 shares of the construction company’s stock worth $67,300,000 after purchasing an additional 108,063 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Thor Industries by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 667,941 shares of the construction company’s stock worth $65,050,000 after purchasing an additional 28,887 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Thor Industries Company Profile

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

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Earnings History and Estimates for Thor Industries (NYSE:THO)

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