Q1 2017 EPS Estimates for Thor Industries Inc. (THO) Raised by Analyst
Thor Industries Inc. (NYSE:THO) – Northcoast Research raised their Q1 2017 earnings per share estimates for shares of Thor Industries in a note issued to investors on Tuesday. Northcoast Research analyst S. Woolf now forecasts that the firm will earn $1.27 per share for the quarter, up from their previous estimate of $1.20. Northcoast Research has a “Buy” rating and a $95.00 price target on the stock. Northcoast Research also issued estimates for Thor Industries’ Q2 2017 earnings at $1.14 EPS, Q3 2017 earnings at $1.92 EPS, FY2017 earnings at $6.00 EPS, Q1 2018 earnings at $1.61 EPS, Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $2.07 EPS and Q4 2018 earnings at $1.98 EPS.
Several other analysts have also recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating on shares of Thor Industries in a research note on Wednesday. Wellington Shields raised shares of Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday. Great Lakes Dredge & Dock Corp. raised shares of Thor Industries to a “buy” rating in a research note on Wednesday. Zacks Investment Research cut shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Finally, Wunderlich cut shares of Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Friday, August 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $77.29.
Thor Industries (NYSE:THO) opened at 84.70 on Thursday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.35 and a beta of 1.17. The firm has a 50-day moving average price of $80.71 and a 200 day moving average price of $70.08. Thor Industries has a 52-week low of $47.56 and a 52-week high of $87.08.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The company had revenue of $1.29 billion for the quarter. During the same period last year, the business earned $1.31 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC acquired a new position in shares of Thor Industries during the second quarter valued at $1,348,000. Beacon Trust Co. purchased a new stake in Thor Industries during the second quarter valued at $2,267,000. Royal Bank of Canada raised its stake in Thor Industries by 53.8% in the second quarter. Royal Bank of Canada now owns 94,609 shares of the company’s stock valued at $6,125,000 after buying an additional 33,088 shares during the period. Public Employees Retirement System of Ohio raised its stake in Thor Industries by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 52,798 shares of the company’s stock valued at $3,418,000 after buying an additional 145 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Thor Industries by 2.7% in the second quarter. Sterling Capital Management LLC now owns 353,091 shares of the company’s stock valued at $22,859,000 after buying an additional 9,214 shares during the period. Institutional investors and hedge funds own 85.69% of the company’s stock.
In related news, Chairman Peter Busch Orthwein sold 4,672 shares of the stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the transaction, the chairman now directly owns 1,400,252 shares in the company, valued at $119,987,593.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.80% of the stock is currently owned by corporate insiders.
Thor Industries Company Profile
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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