Equities analysts expect that Thor Industries, Inc. (NYSE:THO) will post earnings of $1.70 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Thor Industries’ earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $2.00. Thor Industries reported earnings of $2.53 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 32.8%. The firm is expected to report its next earnings results on Wednesday, June 5th.

On average, analysts expect that Thor Industries will report full year earnings of $5.70 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $6.65 per share, with EPS estimates ranging from $5.75 to $8.00. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Thor Industries.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, March 6th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.23). The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.58 billion. Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The company’s quarterly revenue was down 34.5% on a year-over-year basis. During the same period last year, the business earned $1.51 EPS.

THO has been the topic of a number of recent research reports. BMO Capital Markets cut their price target on shares of Thor Industries to $78.00 and set an “outperform” rating on the stock in a report on Monday, December 10th. SunTrust Banks raised their price target on shares of Thor Industries to $85.00 and gave the company a “buy” rating in a report on Tuesday, February 12th. ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. TD Securities restated a “hold” rating on shares of Thor Industries in a report on Monday, November 19th. Finally, Zacks Investment Research downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $98.14.

A number of institutional investors and hedge funds have recently made changes to their positions in THO. Patten Group Inc. increased its holdings in shares of Thor Industries by 40.0% during the 4th quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after purchasing an additional 160 shares during the period. FTB Advisors Inc. increased its holdings in shares of Thor Industries by 155.6% during the 4th quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock worth $29,000 after purchasing an additional 347 shares during the period. Resources Investment Advisors Inc. bought a new position in shares of Thor Industries during the 4th quarter worth about $30,000. Private Capital Group LLC increased its holdings in shares of Thor Industries by 56.1% during the 4th quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after purchasing an additional 210 shares during the period. Finally, Exane Derivatives bought a new position in shares of Thor Industries during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Shares of NYSE:THO traded down $0.03 during trading on Friday, reaching $63.67. 1,215,951 shares of the company traded hands, compared to its average volume of 956,307. The firm has a market capitalization of $3.51 billion, a P/E ratio of 7.45 and a beta of 1.71. Thor Industries has a 1-year low of $47.71 and a 1-year high of $126.45.

About Thor Industries

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; 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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Earnings History and Estimates for Thor Industries (NYSE:THO)

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