Brokers Set Expectations for Thor Industries, Inc.’s Q3 2022 Earnings (NYSE:THO)
Thor Industries, Inc. (NYSE:THO – Get Rating) – Stock analysts at Northcoast Research issued their Q3 2022 earnings estimates for shares of Thor Industries in a report issued on Tuesday, May 17th. Northcoast Research analyst R. Department anticipates that the construction company will post earnings of $4.54 per share for the quarter. Northcoast Research also issued estimates for Thor Industries’ Q4 2022 earnings at $3.39 EPS and FY2023 earnings at $13.20 EPS.
A number of other research firms have also weighed in on THO. StockNews.com began coverage on Thor Industries in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Exane BNP Paribas downgraded shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price objective on the stock. in a 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. DA Davidson started coverage on shares of Thor Industries in a research report on Wednesday, April 13th. They set a “neutral” rating and a $78.00 price target on the stock. Finally, Citigroup reduced 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 report on Tuesday, April 19th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Thor Industries presently has a consensus rating of “Hold” and a consensus price target of $99.55.
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Shares of THO opened at $74.73 on Thursday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 4.52 and a beta of 1.82. Thor Industries has a 52 week low of $73.50 and a 52 week high of $128.87. The stock has a 50 day moving average price of $81.74 and a two-hundred day moving average price of $93.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.80 and a current ratio of 1.68. Thor Industries (NYSE:THO – Get Rating) last released its quarterly earnings data on Wednesday, March 9th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $3.39 by $1.40. Thor Industries had a net margin of 6.20% and a return on equity of 30.51%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the company posted $2.38 earnings per share. The business’s revenue was up 42.1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 20th. Stockholders of record on Wednesday, April 6th were paid a dividend of $0.43 per share. The ex-dividend date was Tuesday, April 5th. This represents a $1.72 annualized dividend and a dividend yield of 2.30%. Thor Industries’s payout ratio is currently 10.40%.
In other news, Director James L. Ziemer bought 10,000 shares of the firm’s stock in a transaction on Tuesday, April 5th. The stock was acquired at an average cost of $80.53 per share, with a total value of $805,300.00. Following the completion of the transaction, the director now directly owns 29,835 shares of the company’s stock, valued at approximately $2,402,612.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.30% of the company’s stock.
Large investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Thor Industries by 4.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,413,824 shares of the construction company’s stock valued at $664,603,000 after buying an additional 209,130 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Thor Industries by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,312,648 shares of the construction company’s stock worth $418,105,000 after purchasing an additional 53,286 shares in the last quarter. BlackRock Inc. boosted its stake in Thor Industries by 3.9% in the 4th quarter. BlackRock Inc. now owns 4,676,061 shares of the construction company’s stock worth $485,235,000 after purchasing an additional 173,556 shares during the period. Timucuan Asset Management Inc. FL boosted its stake in Thor Industries by 4.9% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 1,600,153 shares of the construction company’s stock worth $125,932,000 after purchasing an additional 75,360 shares during the period. Finally, State Street Corp grew its holdings in Thor Industries by 7.5% during the 1st quarter. State Street Corp now owns 1,515,941 shares of the construction company’s stock valued at $119,305,000 after buying an additional 106,027 shares in the last quarter. Hedge funds and other 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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