Thor Industries, Inc. (THO) Expected to Announce Quarterly Sales of $2.00 Billion
Analysts expect Thor Industries, Inc. (NYSE:THO) to report sales of $2.00 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Thor Industries’ earnings. The highest sales estimate is $2.04 billion and the lowest is $1.99 billion. Thor Industries posted sales of $2.23 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 10.3%. The business is expected to issue its next quarterly earnings report on Monday, November 26th.
According to Zacks, analysts expect that Thor Industries will report full-year sales of $8.21 billion for the current fiscal year, with estimates ranging from $8.05 billion to $8.48 billion. For the next year, analysts anticipate that the firm will post sales of $8.43 billion, with estimates ranging from $8.12 billion to $9.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Thor Industries.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.36). The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.26 EPS.
In other news, Director James L. Ziemer acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, October 9th. The shares were purchased at an average price of $81.74 per share, with a total value of $408,700.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at $1,144,360. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of THO. Swedbank grew its position in shares of Thor Industries by 62.7% in the 2nd quarter. Swedbank now owns 2,583,000 shares of the construction company’s stock worth $251,558,000 after buying an additional 995,000 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Thor Industries by 808.7% in the 2nd quarter. Renaissance Technologies LLC now owns 386,200 shares of the construction company’s stock worth $37,612,000 after buying an additional 343,700 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Thor Industries by 623.6% in the 2nd quarter. Schroder Investment Management Group now owns 390,000 shares of the construction company’s stock worth $37,853,000 after buying an additional 336,100 shares during the last quarter. BlackRock Inc. grew its position in shares of Thor Industries by 6.9% in the 2nd quarter. BlackRock Inc. now owns 4,420,532 shares of the construction company’s stock worth $430,517,000 after buying an additional 285,394 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Thor Industries by 23.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the construction company’s stock worth $122,823,000 after buying an additional 236,775 shares during the last quarter. 87.93% of the stock is currently owned by hedge funds and other institutional investors.
NYSE THO traded up $1.35 during trading on Friday, reaching $80.47. 853,311 shares of the company’s stock traded hands, compared to its average volume of 1,070,403. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.71. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 9.41 and a beta of 1.27. Thor Industries has a 12-month low of $77.69 and a 12-month high of $161.48.
Thor Industries declared that its Board of Directors has initiated a share repurchase program on Wednesday, June 20th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 25th will be given a $0.39 dividend. The ex-dividend date is Wednesday, October 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s payout ratio is presently 17.31%.
About Thor Industries
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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