FY2018 EPS Estimates for Thor Industries, Inc. Raised by SunTrust Banks (THO)
Thor Industries, Inc. (NYSE:THO) – Research analysts at SunTrust Banks upped their FY2018 earnings estimates for Thor Industries in a report issued on Wednesday. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings of $9.22 per share for the year, up from their previous forecast of $9.00. SunTrust Banks also issued estimates for Thor Industries’ FY2019 earnings at $11.00 EPS.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.11. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year.
Thor Industries (NYSE:THO) traded down $1.58 on Monday, hitting $122.32. 121,756 shares of the stock traded hands, compared to its average volume of 936,711. Thor Industries has a 12-month low of $87.96 and a 12-month high of $161.48. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $6,686.39, a P/E ratio of 14.91 and a beta of 1.26.
Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in Thor Industries in the 4th quarter worth approximately $134,000. Good Life Advisors LLC purchased a new stake in Thor Industries in the 4th quarter worth approximately $201,000. Indiana Trust & Investment Management CO purchased a new stake in Thor Industries in the 4th quarter worth approximately $203,000. CAPROCK Group Inc. purchased a new stake in Thor Industries in the 4th quarter worth approximately $231,000. Finally, FNY Partners Fund LP purchased a new stake in Thor Industries in the 4th quarter worth approximately $226,000. Institutional investors and hedge funds own 85.32% of the company’s stock.
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.
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.