Thor Industries, Inc. (NYSE:THO) – Equities research analysts at SunTrust Banks boosted their FY2018 earnings per share (EPS) estimates for Thor Industries in a research note issued to investors on Wednesday. SunTrust Banks analyst M. Swartz now anticipates that the construction company will earn $9.22 per share for the year, up from their previous forecast of $9.00. SunTrust Banks also issued estimates for Thor Industries’ FY2019 earnings at $11.00 EPS.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.11. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s revenue was up 24.1% compared to the same quarter last year.
Shares of Thor Industries (THO) opened at $126.95 on Monday. Thor Industries has a 1-year low of $87.96 and a 1-year high of $161.48. The company has a current ratio of 1.63, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. The stock has a market cap of $6,690.00, a P/E ratio of 14.56 and a beta of 1.26.
A number of institutional investors have recently added to or reduced their stakes in THO. Nationwide Fund Advisors increased its stake in Thor Industries by 1.9% in the 3rd quarter. Nationwide Fund Advisors now owns 191,894 shares of the construction company’s stock valued at $24,161,000 after buying an additional 3,488 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Thor Industries by 20.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,311 shares of the construction company’s stock valued at $794,000 after buying an additional 1,061 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Thor Industries by 1.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 58,984 shares of the construction company’s stock valued at $7,427,000 after buying an additional 676 shares during the period. State of Tennessee Treasury Department acquired a new position in Thor Industries in the 3rd quarter valued at approximately $1,083,000. Finally, Principal Financial Group Inc. increased its stake in Thor Industries by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 210,937 shares of the construction company’s stock valued at $26,559,000 after buying an additional 4,217 shares during the period. Hedge funds and other institutional investors own 84.39% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Thor Industries, Inc. Expected to Earn FY2018 Earnings of $9.22 Per Share (THO)” was published by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.themarketsdaily.com/2018/03/12/thor-industries-inc-expected-to-earn-fy2018-earnings-of-9-22-per-share-tho.html.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.