Thor Industries Inc. (THO) Expected to Earn FY2017 Earnings of $5.50 Per Share
Thor Industries Inc. (NYSE:THO) – Stock analysts at Gabelli upped their FY2017 EPS estimates for Thor Industries in a report released on Tuesday. Gabelli analyst M. Paige now anticipates that the firm will earn $5.50 per share for the year, up from their previous estimate of $5.30. Gabelli also issued estimates for Thor Industries’ FY2018 earnings at $5.85 EPS, FY2019 earnings at $6.15 EPS and FY2020 earnings at $6.30 EPS.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.24. The business had revenue of $1.29 billion for the quarter. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The business’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the company posted $1.31 EPS.
Other analysts have also recently issued reports about the stock. BMO Capital Markets restated a “hold” rating on shares of Thor Industries in a research report on Wednesday. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Great Lakes Dredge & Dock Corp. upgraded shares of Thor Industries to a “buy” rating in a research report on Wednesday. Wunderlich raised their price objective on shares of Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 7th. Finally, Wellington Shields upgraded shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Thor Industries has an average rating of “Buy” and an average price target of $77.29.
Shares of Thor Industries (NYSE:THO) traded down 0.66% during mid-day trading on Wednesday, reaching $85.98. 162,177 shares of the company’s stock were exchanged. Thor Industries has a one year low of $47.56 and a one year high of $87.08. The stock has a market cap of $4.51 billion, a PE ratio of 18.66 and a beta of 1.17. The company has a 50 day moving average price of $80.27 and a 200-day moving average price of $69.80.
Institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC purchased a new stake in shares of Thor Industries during the first quarter worth about $118,000. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Thor Industries during the second quarter worth about $126,000. LS Investment Advisors LLC raised its stake in shares of Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $182,000 after buying an additional 1,114 shares during the period. Sawgrass Asset Management LLC purchased a new stake in shares of Thor Industries during the second quarter worth about $216,000. Finally, Panagora Asset Management Inc. raised its stake in shares of Thor Industries by 133.6% in the second quarter. Panagora Asset Management Inc. now owns 3,838 shares of the company’s stock worth $248,000 after buying an additional 2,195 shares during the period. Institutional investors own 85.69% of the company’s stock.
About Thor Industries
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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