THOR Industries, Inc. (NYSE:THO – Get Rating) – Stock analysts at Zacks Research increased their FY2023 earnings per share (EPS) estimates for shares of THOR Industries in a report issued on Tuesday, June 20th. Zacks Research analyst L. Shahu now forecasts that the construction company will post earnings per share of $6.08 for the year, up from their prior forecast of $5.60. The consensus estimate for THOR Industries’ current full-year earnings is $6.18 per share. Zacks Research also issued estimates for THOR Industries’ Q3 2024 earnings at $2.39 EPS, FY2024 earnings at $6.78 EPS, Q1 2025 earnings at $1.92 EPS, Q2 2025 earnings at $1.75 EPS and Q3 2025 earnings at $2.20 EPS.
THOR Industries (NYSE:THO – Get Rating) last posted its earnings results on Tuesday, June 6th. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.17. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. THOR Industries had a return on equity of 15.13% and a net margin of 4.63%. The company’s quarterly revenue was down 37.1% compared to the same quarter last year. During the same quarter last year, the company earned $6.32 EPS.
THOR Industries Stock Down 0.5 %
THOR Industries stock opened at $94.36 on Friday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 9.06 and a beta of 1.76. The stock has a fifty day simple moving average of $84.06 and a two-hundred day simple moving average of $84.84. THOR Industries has a 12 month low of $67.09 and a 12 month high of $105.36. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.
Hedge Funds Weigh In On THOR Industries
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brandywine Global Investment Management LLC lifted its position in THOR Industries by 1.1% during the first quarter. Brandywine Global Investment Management LLC now owns 124,481 shares of the construction company’s stock valued at $9,914,000 after purchasing an additional 1,321 shares in the last quarter. Ameriprise Financial Inc. lifted its position in THOR Industries by 3.6% during the first quarter. Ameriprise Financial Inc. now owns 145,759 shares of the construction company’s stock valued at $11,608,000 after purchasing an additional 5,090 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in THOR Industries during the first quarter valued at $369,000. Mercer Global Advisors Inc. ADV lifted its position in THOR Industries by 12.1% during the first quarter. Mercer Global Advisors Inc. ADV now owns 19,768 shares of the construction company’s stock valued at $1,574,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in THOR Industries by 0.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,165,646 shares of the construction company’s stock valued at $411,392,000 after purchasing an additional 44,225 shares in the last quarter. 98.18% of the stock is currently owned by hedge funds and other institutional investors.
THOR Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.80 annualized dividend and a yield of 1.91%. THOR Industries’s dividend payout ratio (DPR) is presently 17.27%.
THOR Industries Company Profile
Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.
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