Thor Industries, Inc. Expected to Earn FY2022 Earnings of $17.05 Per Share (NYSE:THO)

Thor Industries, Inc. (NYSE:THOGet Rating) – Investment analysts at Northcoast Research issued their FY2022 earnings per share estimates for Thor Industries in a research report issued on Tuesday, May 17th. Northcoast Research analyst R. Department expects that the construction company will post earnings of $17.05 per share for the year.

Thor Industries (NYSE:THOGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The construction company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $1.40. Thor Industries had a return on equity of 30.51% and a net margin of 6.20%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the firm posted $2.38 earnings per share. The firm’s quarterly revenue was up 42.1% on a year-over-year basis.

Several other equities analysts also recently issued reports on THO. Citigroup decreased their price objective on shares of Thor Industries from $92.00 to $86.00 and set a “neutral” rating for the company in a research note on Tuesday, April 19th. BMO Capital Markets reduced their target price on shares of Thor Industries from $110.00 to $95.00 in a report on Monday. Exane BNP Paribas downgraded shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 target price for the company. in a research report on Wednesday, April 13th. Robert W. Baird reduced their target price on shares of Thor Industries from $150.00 to $120.00 in a research note on Thursday, March 10th. Finally, Truist Financial lowered shares of Thor Industries from a “buy” rating to a “hold” rating and reduced their price target for the stock from $125.00 to $100.00 in a research note on Wednesday, March 2nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Thor Industries presently has an average rating of “Hold” and an average target price of $97.91.

Shares of NYSE THO opened at $72.45 on Friday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 4.38 and a beta of 1.82. The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 0.67. Thor Industries has a 52-week low of $69.82 and a 52-week high of $128.87. The business’s 50 day moving average is $81.22 and its two-hundred day moving average is $93.35.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Tuesday, April 5th. Thor Industries’s dividend payout ratio is currently 10.40%.

In other Thor Industries news, Director James L. Ziemer bought 10,000 shares of Thor Industries stock in a transaction dated Tuesday, April 5th. The shares were bought at an average price of $80.53 per share, with a total value of $805,300.00. Following the purchase, the director now owns 29,835 shares of the company’s stock, valued at $2,402,612.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley grew its stake in shares of Thor Industries by 15.2% in the second quarter. Morgan Stanley now owns 155,475 shares of the construction company’s stock valued at $17,568,000 after buying an additional 20,534 shares in the last quarter. Barclays PLC raised its stake in Thor Industries by 11.0% in the third quarter. Barclays PLC now owns 59,483 shares of the construction company’s stock valued at $7,303,000 after purchasing an additional 5,915 shares in the last quarter. CIBC Asset Management Inc raised its stake in Thor Industries by 9.1% in the third quarter. CIBC Asset Management Inc now owns 2,319 shares of the construction company’s stock valued at $285,000 after purchasing an additional 193 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Thor Industries by 22.3% during the third quarter. Teacher Retirement System of Texas now owns 8,923 shares of the construction company’s stock worth $1,095,000 after acquiring an additional 1,626 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Thor Industries by 231.1% during the third quarter. Citigroup Inc. now owns 48,529 shares of the construction company’s stock worth $5,958,000 after acquiring an additional 33,870 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Thor Industries Company Profile (Get Rating)

Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.

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

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