Analysts Issue Forecasts for Thor Industries, Inc.’s FY2019 Earnings (THO)
Thor Industries, Inc. (NYSE:THO) – Equities researchers at SunTrust Banks issued their FY2019 EPS estimates for shares of Thor Industries in a research note issued to investors on Monday. SunTrust Banks analyst M. Swartz forecasts that the construction company will earn $8.10 per share for the year.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The business’s quarterly revenue was up 56.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 EPS.
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A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, May 10th. BMO Capital Markets downgraded Thor Industries from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Off Wall Street initiated coverage on Thor Industries in a research report on Thursday, June 29th. They set a “sell” rating and a $75.00 price target for the company. BidaskClub downgraded Thor Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus initiated coverage on Thor Industries in a research report on Thursday, July 6th. They set a “hold” rating and a $110.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $109.39.
Shares of Thor Industries (NYSE:THO) traded down 0.2155% on Wednesday, hitting $108.3261. The stock had a trading volume of 197,690 shares. The firm’s 50-day moving average is $104.42 and its 200-day moving average is $101.07. Thor Industries has a one year low of $74.00 and a one year high of $115.74. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 16.9048 and a beta of 1.40. Thor Industries also was the recipient of some unusual options trading on Monday. Traders purchased 12,680 call options on the company. This is an increase of approximately 1,256% compared to the average daily volume of 935 call options.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the transaction, the director now owns 4,988 shares in the company, valued at $545,936.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Thor Industries by 8.7% in the second quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after buying an additional 329,996 shares during the period. Vanguard Group Inc. boosted its position in Thor Industries by 1.2% in the second quarter. Vanguard Group Inc. now owns 4,042,036 shares of the construction company’s stock valued at $422,474,000 after buying an additional 48,345 shares during the period. Wells Fargo & Company MN boosted its position in Thor Industries by 7.4% in the second quarter. Wells Fargo & Company MN now owns 1,324,845 shares of the construction company’s stock valued at $138,473,000 after buying an additional 90,713 shares during the period. State Street Corp boosted its position in Thor Industries by 5.0% in the first quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after buying an additional 62,855 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Thor Industries during the second quarter valued at approximately $128,458,000. Institutional investors and hedge funds own 89.67% of the company’s stock.
About Thor Industries
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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