THOR Industries (NYSE:THO) Issues FY 2024 Earnings Guidance

THOR Industries (NYSE:THOGet Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 4.500-4.750 for the period, compared to the consensus EPS estimate of 5.190. The company issued revenue guidance of $9.8 billion-$10.1 billion, compared to the consensus revenue estimate of $10.2 billion.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial decreased their target price on THOR Industries from $105.00 to $100.00 and set a hold rating for the company in a research report on Friday, May 24th. Robert W. Baird boosted their target price on THOR Industries from $115.00 to $120.00 and gave the company an outperform rating in a research report on Thursday, March 7th. TheStreet lowered THOR Industries from a b- rating to a c+ rating in a research report on Monday, March 18th. Finally, Citigroup raised THOR Industries from a neutral rating to a buy rating and boosted their target price for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, THOR Industries has an average rating of Moderate Buy and a consensus target price of $103.17.

Check Out Our Latest Stock Analysis on THOR Industries

THOR Industries Price Performance

THO stock opened at $95.96 on Wednesday. The company has a market capitalization of $5.12 billion, a P/E ratio of 19.04 and a beta of 1.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. THOR Industries has a 52-week low of $79.13 and a 52-week high of $129.31. The business has a 50-day simple moving average of $103.06 and a two-hundred day simple moving average of $109.50.

THOR Industries (NYSE:THOGet Free Report) last released its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm posted $0.50 EPS. THOR Industries’s revenue for the quarter was down 5.9% on a year-over-year basis. Research analysts expect that THOR Industries will post 5.31 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.00%. THOR Industries’s payout ratio is presently 38.10%.

About THOR Industries

(Get Free Report)

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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