Analysts Estimate Thor Industries (THO) to Report a Decline in Earnings: What to Look Out for
Thor Industries (THO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
National Bank of Canada FI Sells 1,219 Shares of THOR Industries, Inc. (NYSE:THO)
National Bank of Canada FI decreased its position in shares of THOR Industries, Inc. (NYSE:THO – Free Report) by 77.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 347 shares of the construction company’s stock after selling 1,219 shares during the quarter. National Bank of Canada FI’s holdings in THOR Industries were worth $41,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of THOR Industries in the third quarter worth approximately $100,000. Teacher Retirement System of Texas increased its holdings in THOR Industries by 59.1% during the third quarter. Teacher Retirement System of Texas now owns 13,912 shares of the construction company’s stock valued at $1,323,000 after buying an additional 5,168 shares during the last quarter. Nisa Investment Advisors LLC raised its position in THOR Industries by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 31,135 shares of the construction company’s stock worth $2,962,000 after acquiring an additional 266 shares during the period. Duality Advisers LP purchased a new position in THOR Industries during the third quarter valued at $360,000. Finally, Advisor OS LLC grew its stake in shares of THOR Industries by 4.3% during the 3rd quarter. Advisor OS LLC now owns 7,365 shares of the construction company’s stock valued at $701,000 after acquiring an additional 301 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of equities research analysts have commented on THO shares. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $111.00 to $122.00 in a report on Friday, March 15th. Finally, Robert W. Baird increased their target price on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.00. Read Our Latest Analysis on THOR Industries THOR Industries Stock Performance NYSE:THO opened at $100.34 on Monday. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 19.91 and a beta of 1.80. THOR Industries, Inc. has a 1 year low of $75.93 and a 1 year high of $129.31. The stock’s 50 day simple moving average is $105.23 and its two-hundred day simple moving average is $109.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. THOR Industries (NYSE:THO – Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, equities analysts anticipate that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year. THOR Industries Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a yield of 1.91%. THOR Industries’s payout ratio is currently 38.10%. THOR Industries Profile (Free Report) THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.
