THOR Industries (NYSE:THO) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

THOR Industries (NYSE:THOGet Free Report) released its earnings results on Wednesday. The construction company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.24, reports. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the business earned $2.24 EPS. THOR Industries’s revenue for the quarter was down 4.4% on a year-over-year basis. THOR Industries updated its FY 2024 guidance to 4.500-4.750 EPS and its FY24 guidance to $4.50-4.75 EPS.

THOR Industries Stock Down 0.3 %

THOR Industries stock opened at $97.35 on Friday. The business’s 50-day moving average price is $102.30 and its 200 day moving average price is $109.33. The company has a quick ratio of 0.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 19.75 and a beta of 1.74. THOR Industries has a 52 week low of $84.54 and a 52 week high of $129.31.

THOR Industries Announces Dividend

The business 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 of this dividend was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.97%. THOR Industries’s payout ratio is 38.95%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on THO shares. Robert W. Baird lowered their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Truist Financial dropped their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Citigroup reduced their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.17.

Check Out Our Latest Stock Report on THO

THOR Industries Company Profile

(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 for THOR Industries (NYSE:THO)

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