Trade Report: Today, Thor Industries Inc. (THO) Set to Announce Earnings on Monday

Today, Thor Industries Inc. (THO) Set to Announce Earnings on Monday

Thor Industries Inc. (NYSE:THO) is scheduled to release its Q117 earnings data on Monday, November 28th. Analysts expect Thor Industries to post earnings of $1.23 per share and revenue of $1.50 billion for the quarter.

Thor Industries (NYSE:THO) last posted its earnings results on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The firm had revenue of $1.29 billion for the quarter. During the same quarter last year, the business earned $1.31 earnings per share. Thor Industries’s revenue was up 22.2% on a year-over-year basis. On average, analysts expect Thor Industries to post $5.88 EPS for the current fiscal year and $6.58 EPS for the next fiscal year.

Shares of Thor Industries Inc. (NYSE:THO) opened at 89.58 on Friday. Thor Industries Inc. has a 52-week low of $47.56 and a 52-week high of $89.68. The firm has a market capitalization of $4.70 billion, a PE ratio of 18.35 and a beta of 1.21. The stock’s 50 day moving average price is $82.14 and its 200-day moving average price is $75.39.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 24th were given a dividend of $0.33 per share. This is a boost from Thor Industries’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, October 20th. Thor Industries’s payout ratio is 27.10%.

In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the sale, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of THO. United Services Automobile Association raised its position in shares of Thor Industries by 2.3% in the second quarter. United Services Automobile Association now owns 9,740 shares of the company’s stock worth $631,000 after buying an additional 220 shares during the period. Cipher Capital LP raised its position in shares of Thor Industries by 123.2% in the second quarter. Cipher Capital LP now owns 23,799 shares of the company’s stock worth $1,541,000 after buying an additional 13,134 shares during the period. BlueMountain Capital Management LLC raised its position in shares of Thor Industries by 46.9% in the second quarter. BlueMountain Capital Management LLC now owns 10,879 shares of the company’s stock worth $704,000 after buying an additional 3,473 shares during the period. OMERS ADMINISTRATION Corp raised its position in shares of Thor Industries by 43.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 49,400 shares of the company’s stock worth $3,198,000 after buying an additional 14,900 shares during the period. Finally, Comerica Bank raised its position in shares of Thor Industries by 2.9% in the second quarter. Comerica Bank now owns 36,241 shares of the company’s stock worth $2,769,000 after buying an additional 1,020 shares during the period. Institutional investors and hedge funds own 86.02% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Vetr cut shares of Thor Industries from a “strong-buy” rating to a “buy” rating and set a $95.66 price objective for the company. in a research report on Tuesday, November 15th. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Thursday, October 6th. BMO Capital Markets reissued a “hold” rating on shares of Thor Industries in a research report on Wednesday, September 28th. Wellington Shields raised shares of Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. Finally, Great Lakes Dredge & Dock Corp. raised shares of Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Thor Industries presently has an average rating of “Buy” and an average price target of $82.30.

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