FY2018 EPS Estimates for Thor Industries, Inc. Boosted by Analyst (THO)
Thor Industries, Inc. (NYSE:THO) – Equities research analysts at SunTrust Banks boosted their FY2018 earnings estimates for Thor Industries in a note issued to investors on Monday. SunTrust Banks analyst M. Swartz now anticipates that the construction company will post earnings of $9.00 per share for the year, up from their prior forecast of $8.05. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Thor Industries’ FY2019 earnings at $9.70 EPS.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.59. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The business’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 earnings per share.
Thor Industries (NYSE THO) opened at $151.59 on Thursday. The firm has a market cap of $8,091.22, a price-to-earnings ratio of 19.12 and a beta of 1.44. Thor Industries has a 1-year low of $87.96 and a 1-year high of $156.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.92.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s payout ratio is 18.43%.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction 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 transaction, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Huntington National Bank grew its holdings in Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares during the last quarter. Sterling Investment Advisors Ltd. bought a new position in Thor Industries during the 2nd quarter valued at about $105,000. Fiduciary Trust Co. bought a new position in Thor Industries during the 2nd quarter valued at about $133,000. Sigma Planning Corp purchased a new stake in Thor Industries in the 3rd quarter valued at about $202,000. Finally, Guardian Capital LP purchased a new stake in Thor Industries in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 88.50% 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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