Wall Street brokerages forecast that Thor Industries, Inc. (NYSE:THO) will report $1.80 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Thor Industries’ earnings, with the highest sales estimate coming in at $1.85 billion and the lowest estimate coming in at $1.77 billion. Thor Industries posted sales of $1.93 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.7%. The company is expected to report its next earnings results on Wednesday, September 26th.

On average, analysts expect that Thor Industries will report full year sales of $8.26 billion for the current year, with estimates ranging from $8.23 billion to $8.29 billion. For the next fiscal year, analysts forecast that the company will post sales of $8.34 billion per share, with estimates ranging from $8.13 billion to $8.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Thor Industries.

Several analysts recently commented on the company. ValuEngine cut Thor Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. Zacks Investment Research raised Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. BMO Capital Markets raised Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 price target on the stock in a research note on Tuesday, May 1st. Sidoti dropped their price target on Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Finally, Northcoast Research reissued a “buy” rating on shares of Thor Industries in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $128.50.

A number of institutional investors and hedge funds have recently modified their holdings of THO. Private Capital Group LLC raised its position in shares of Thor Industries by 351.7% during the second quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock worth $105,000 after purchasing an additional 844 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Thor Industries during the first quarter worth approximately $146,000. Itau Unibanco Holding S.A. raised its position in shares of Thor Industries by 282.9% during the second quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock worth $155,000 after purchasing an additional 1,174 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in shares of Thor Industries during the first quarter worth approximately $170,000. Finally, Cerebellum GP LLC acquired a new position in shares of Thor Industries during the second quarter worth approximately $173,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

THO stock traded down $4.31 during trading on Thursday, hitting $92.11. The company had a trading volume of 1,907,679 shares, compared to its average volume of 1,051,095. Thor Industries has a one year low of $87.62 and a one year high of $161.48. The stock has a market capitalization of $5.10 billion, a PE ratio of 12.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.67 and a quick ratio of 0.96.

Thor Industries declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 20th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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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