Thor Industries, Inc. (NYSE:THO) – Equities research analysts at Jefferies Financial Group issued their FY2019 earnings estimates for shares of Thor Industries in a research note issued to investors on Monday, June 10th. Jefferies Financial Group analyst B. Jordan forecasts that the construction company will earn $5.07 per share for the year. Jefferies Financial Group has a “Hold” rating and a $65.00 price objective on the stock. Jefferies Financial Group also issued estimates for Thor Industries’ Q4 2019 earnings at $1.49 EPS, Q1 2020 earnings at $1.63 EPS, Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $1.77 EPS, Q4 2020 earnings at $1.64 EPS and FY2020 earnings at $6.12 EPS.
Several other brokerages have also recently issued reports on THO. ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Bank of America began coverage on shares of Thor Industries in a report on Tuesday, March 26th. They set an “underperform” rating and a $62.00 target price on the stock. Finally, SunTrust Banks reiterated a “buy” rating and set a $80.00 target price on shares of Thor Industries in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $86.13.
Shares of Thor Industries stock opened at $54.12 on Thursday. Thor Industries has a 1 year low of $47.71 and a 1 year high of $109.94. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.82.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, June 10th. The construction company reported $1.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.01). Thor Industries had a return on equity of 17.27% and a net margin of 3.21%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in THO. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Thor Industries by 51.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,057,800 shares of the construction company’s stock valued at $128,345,000 after buying an additional 696,621 shares in the last quarter. Scout Investments Inc. boosted its holdings in shares of Thor Industries by 1,031.2% in the 1st quarter. Scout Investments Inc. now owns 674,971 shares of the construction company’s stock valued at $42,098,000 after buying an additional 615,304 shares in the last quarter. Norges Bank bought a new stake in shares of Thor Industries in the 4th quarter valued at about $29,604,000. American Century Companies Inc. boosted its holdings in shares of Thor Industries by 48.5% in the 4th quarter. American Century Companies Inc. now owns 1,366,347 shares of the construction company’s stock valued at $71,050,000 after buying an additional 446,444 shares in the last quarter. Finally, Carillon Tower Advisers Inc. boosted its holdings in shares of Thor Industries by 734.8% in the 1st quarter. Carillon Tower Advisers Inc. now owns 470,911 shares of the construction company’s stock valued at $29,371,000 after buying an additional 414,500 shares in the last quarter. Institutional investors and hedge funds own 87.01% of the company’s stock.
Thor Industries Company Profile
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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