Thor Industries, Inc. (NYSE:THO) – Investment analysts at Jefferies Financial Group dropped their Q2 2020 earnings per share (EPS) estimates for shares of Thor Industries in a research report issued to clients and investors on Monday, December 9th. Jefferies Financial Group analyst B. Jordan now expects that the construction company will earn $0.74 per share for the quarter, down from their prior estimate of $0.96. Jefferies Financial Group also issued estimates for Thor Industries’ FY2020 earnings at $5.82 EPS and Q1 2021 earnings at $1.09 EPS.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.27. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Thor Industries had a net margin of 2.06% and a return on equity of 15.72%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share.
A number of other brokerages have also recently issued reports on THO. Sidoti lifted their target price on shares of Thor Industries from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Robert W. Baird restated an “outperform” rating and set a $74.00 target price (up previously from $65.00) on shares of Thor Industries in a research report on Tuesday. Bank of America cut their target price on shares of Thor Industries from $47.00 to $45.00 and set an “underperform” rating for the company in a research report on Tuesday. Citigroup cut their target price on shares of Thor Industries from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $66.89.
Shares of THO opened at $69.22 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.84 and a debt-to-equity ratio of 0.84. The stock has a market cap of $3.55 billion, a P/E ratio of 13.36, a PEG ratio of 1.01 and a beta of 1.94. The company has a 50-day moving average of $65.71 and a two-hundred day moving average of $56.72. Thor Industries has a 12-month low of $42.05 and a 12-month high of $71.66.
Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Thor Industries by 122.2% during the second quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock worth $59,000 after buying an additional 550 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new stake in shares of Thor Industries during the third quarter worth about $59,000. Pearl River Capital LLC grew its holdings in shares of Thor Industries by 70,000.0% during the second quarter. Pearl River Capital LLC now owns 1,402 shares of the construction company’s stock worth $82,000 after buying an additional 1,400 shares in the last quarter. First Manhattan Co. purchased a new stake in shares of Thor Industries during the second quarter worth about $84,000. Finally, HM Payson & Co. purchased a new stake in shares of Thor Industries during the second quarter worth about $90,000. Institutional investors and hedge funds own 95.05% of the company’s stock.
In other Thor Industries news, insider Robert W. Martin bought 10,000 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was bought at an average price of $58.82 per share, for a total transaction of $588,200.00. Following the completion of the transaction, the insider now owns 220,175 shares in the company, valued at approximately $12,950,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.
About Thor Industries
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.
Featured Article: How to trade on quiet period expirations
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.