Equities Analysts Issue Forecasts for Thor Industries, Inc.’s Q1 2018 Earnings (THO)
Thor Industries, Inc. (NYSE:THO) – Analysts at Northcoast Research upped their Q1 2018 EPS estimates for shares of Thor Industries in a research note issued to investors on Thursday. Northcoast Research analyst S. Woolf now anticipates that the construction company will post earnings per share of $1.76 for the quarter, up from their prior forecast of $1.43. Northcoast Research has a “Buy” rating and a $145.00 price target on the stock. Northcoast Research also issued estimates for Thor Industries’ Q4 2018 earnings at $2.59 EPS, FY2018 earnings at $8.35 EPS and FY2019 earnings at $9.35 EPS.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $1.57 EPS. The firm’s revenue for the quarter was up 49.7% compared to the same quarter last year.
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Other equities research analysts have also issued research reports about the stock. BMO Capital Markets reissued a “market perform” rating and set a $110.00 price objective (up previously from $97.00) on shares of Thor Industries in a research note on Tuesday, June 6th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Thursday, June 8th. Citigroup Inc. reaffirmed a “buy” rating and set a $118.00 target price (up previously from $111.00) on shares of Thor Industries in a research note on Friday, June 9th. Off Wall Street began coverage on shares of Thor Industries in a research note on Thursday, June 29th. They set a “sell” rating and a $75.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of Thor Industries in a report on Thursday, July 6th. They set a “hold” rating and a $110.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Thor Industries currently has a consensus rating of “Buy” and an average target price of $119.74.
Shares of Thor Industries (NYSE:THO) traded down 2.17% during mid-day trading on Monday, reaching $125.32. The company’s stock had a trading volume of 412,699 shares. The company has a market cap of $6.59 billion, a P/E ratio of 19.56 and a beta of 1.37. The company has a 50-day moving average of $111.71 and a 200-day moving average of $102.33. Thor Industries has a 12 month low of $74.00 and a 12 month high of $129.71.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the sale, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank increased its holdings in Thor Industries by 82.0% in the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new position in Thor Industries in the 2nd quarter worth about $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries in the 2nd quarter worth about $133,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Thor Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after buying an additional 151 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Thor Industries by 7.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,746 shares of the construction company’s stock worth $182,000 after buying an additional 125 shares during the last quarter. 89.48% of the stock is currently owned by institutional investors.
Thor Industries Company Profile
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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