Thor Industries Inc. (NYSE:THO) – Stock analysts at SunTrust Banks raised their Q2 2017 earnings per share estimates for shares of Thor Industries in a research note issued to investors on Monday. SunTrust Banks analyst M. Swartz now forecasts that the firm will post earnings of $1.11 per share for the quarter, up from their prior forecast of $1.05. SunTrust Banks has a “Buy” rating and a $90.00 price target on the stock. SunTrust Banks also issued estimates for Thor Industries’ Q3 2017 earnings at $1.90 EPS, Q4 2017 earnings at $1.73 EPS, FY2017 earnings at $5.85 EPS and FY2018 earnings at $6.40 EPS.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. The business had revenue of $1.29 billion for the quarter. Thor Industries had a return on equity of 23.10% and a net margin of 5.60%. Thor Industries’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS.
Several other analysts also recently issued reports on THO. Wunderlich boosted their price target on Thor Industries from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 7th. BMO Capital Markets downgraded Thor Industries from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $72.00 to $67.00 in a research note on Wednesday, June 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Thursday, June 9th. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Finally, Northcoast Research upgraded Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $77.29.
Thor Industries (NYSE:THO) traded up 0.74% during trading on Wednesday, reaching $86.29. The company had a trading volume of 764,501 shares. The firm has a market capitalization of $4.53 billion, a PE ratio of 18.73 and a beta of 1.17. Thor Industries has a 12-month low of $47.56 and a 12-month high of $87.08. The firm’s 50 day moving average price is $79.98 and its 200 day moving average price is $69.68.
Several institutional investors have recently bought and sold shares of THO. Raymond James Trust N.A. boosted its position in Thor Industries by 0.9% in the first quarter. Raymond James Trust N.A. now owns 3,942 shares of the company’s stock worth $251,000 after buying an additional 34 shares during the period. Virginia Retirement System acquired a new position in Thor Industries during the first quarter worth approximately $1,613,000. Bowling Portfolio Management LLC acquired a new position in Thor Industries during the first quarter worth approximately $2,634,000. Manchester Capital Management LLC acquired a new position in Thor Industries during the first quarter worth approximately $118,000. Finally, Pacad Investment Ltd. boosted its position in Thor Industries by 164.7% in the first quarter. Pacad Investment Ltd. now owns 11,117 shares of the company’s stock worth $709,000 after buying an additional 6,917 shares during the period. 85.69% of the stock is owned by institutional investors.
About Thor Industries
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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