Zacks: Brokerages Anticipate Thor Industries, Inc. (NYSE:THO) Will Announce Quarterly Sales of $3.11 Billion

Brokerages predict that Thor Industries, Inc. (NYSE:THO) will report $3.11 billion in sales for the current quarter, according to Zacks. Six analysts have made estimates for Thor Industries’ earnings, with the highest sales estimate coming in at $3.23 billion and the lowest estimate coming in at $3.06 billion. Thor Industries posted sales of $2.32 billion during the same quarter last year, which suggests a positive year over year growth rate of 34.1%. The firm is expected to issue its next quarterly earnings report on Monday, September 27th.

According to Zacks, analysts expect that Thor Industries will report full year sales of $11.40 billion for the current fiscal year, with estimates ranging from $11.22 billion to $11.56 billion. For the next year, analysts anticipate that the company will report sales of $12.22 billion, with estimates ranging from $11.79 billion to $12.68 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Thor Industries.

Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 7th. The construction company reported $3.29 EPS for the quarter, topping the consensus estimate of $2.36 by $0.93. Thor Industries had a return on equity of 16.44% and a net margin of 4.20%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned $0.43 earnings per share. Thor Industries’s revenue for the quarter was up 105.7% compared to the same quarter last year.

Several analysts have commented on THO shares. Zacks Investment Research lowered Thor Industries from a “strong-buy” rating to a “hold” rating and set a $148.00 price objective on the stock. in a report on Tuesday, May 11th. KeyCorp lifted their price target on Thor Industries from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 10th. Wedbush lifted their price target on Thor Industries from $107.00 to $137.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 10th. TheStreet raised Thor Industries from a “c+” rating to a “b-” rating in a research note on Wednesday, March 17th. Finally, Truist lifted their price target on Thor Industries from $135.00 to $145.00 in a research note on Wednesday, March 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $138.14.

In related news, Director James L. Ziemer sold 2,045 shares of Thor Industries stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $139.09, for a total transaction of $284,439.05. Following the transaction, the director now owns 18,220 shares in the company, valued at $2,534,219.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.10% of the company’s stock.

A number of large investors have recently bought and sold shares of THO. Kayne Anderson Rudnick Investment Management LLC raised its position in Thor Industries by 22.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,657,610 shares of the construction company’s stock valued at $627,568,000 after purchasing an additional 868,264 shares during the period. Morgan Stanley raised its position in Thor Industries by 1,287.9% in the fourth quarter. Morgan Stanley now owns 629,075 shares of the construction company’s stock valued at $58,497,000 after purchasing an additional 583,750 shares during the period. Bank of New York Mellon Corp raised its position in Thor Industries by 44.3% in the first quarter. Bank of New York Mellon Corp now owns 1,003,373 shares of the construction company’s stock valued at $135,196,000 after purchasing an additional 308,241 shares during the period. Janus Henderson Group PLC raised its position in Thor Industries by 28.7% in the first quarter. Janus Henderson Group PLC now owns 1,072,589 shares of the construction company’s stock valued at $144,521,000 after purchasing an additional 239,151 shares during the period. Finally, Brandywine Global Investment Management LLC raised its position in Thor Industries by 1,224.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 255,474 shares of the construction company’s stock valued at $23,757,000 after purchasing an additional 236,190 shares during the period. Institutional investors own 90.34% of the company’s stock.

THO traded down $0.67 during trading on Friday, hitting $115.59. The company’s stock had a trading volume of 41,289 shares, compared to its average volume of 682,543. The company has a quick ratio of 0.71, a current ratio of 1.49 and a debt-to-equity ratio of 0.70. Thor Industries has a twelve month low of $78.64 and a twelve month high of $152.20. The business’s fifty day moving average price is $132.43. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 16.61 and a beta of 2.37.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Friday, April 2nd were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, March 31st. This represents a $1.64 dividend on an annualized basis and a yield of 1.42%. Thor Industries’s payout ratio is 34.60%.

About Thor Industries

Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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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