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, Briefing.com 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

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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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