Analysts Issue Forecasts for Thor Industries FY2026 Earnings

Key Points

• Zacks Research raised Thor Industries’ FY2026 EPS forecast to $3.33 from $3.26, above the $3.20 consensus estimate, while also increasing several later-period earnings projections.
• Thor’s latest quarter fell slightly short on earnings at $1.86 per share versus $1.88 expected, while revenue exceeded estimates at $2.78 billion but declined 3.9% year over year. Management’s FY2026 guidance is $3.30–$3.80 EPS.
• Despite improved earnings forecasts, Zacks maintains a “Strong Sell” rating; broader analyst sentiment is “Hold,” with a $92.33 consensus price target. The stock recently traded near $79.51 and offers a 2.6% dividend yield.

Thor Industries, Inc. (NYSE:THO - Free Report) - Research analysts at Zacks Research increased their FY2026 earnings estimates for Thor Industries in a research note issued on Friday, August 7th. Zacks Research analyst Team now forecasts that the RV manufacturer will earn $3.33 per share for the year, up from their previous forecast of $3.26. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Thor Industries' current full-year earnings is $3.20 per share. Zacks Research also issued estimates for Thor Industries' Q4 2026 earnings at $1.02 EPS, Q1 2027 earnings at $0.43 EPS, Q2 2027 earnings at $0.23 EPS, Q4 2027 earnings at $1.09 EPS, Q1 2028 earnings at $0.80 EPS, Q2 2028 earnings at $1.13 EPS and Q4 2028 earnings at $1.13 EPS.

Thor Industries (NYSE:THO - Get Free Report) last announced its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company posted $2.53 EPS. Thor Industries's quarterly revenue was down 3.9% compared to the same quarter last year. Thor Industries has set its FY 2026 guidance at 3.300-3.800 EPS.

Several other research firms have also recently issued reports on THO. Wall Street Zen cut shares of Thor Industries from a "hold" rating to a "sell" rating in a research note on Saturday, June 6th. BMO Capital Markets cut their price objective on shares of Thor Industries from $120.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, June 4th. Benchmark reissued a "hold" rating on shares of Thor Industries in a research note on Friday, June 12th. Argus upgraded shares of Thor Industries to a "hold" rating in a research report on Friday, June 12th. Finally, Loop Capital lifted their target price on shares of Thor Industries from $90.00 to $96.00 and gave the stock a "buy" rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $92.33.

Thor Industries Trading Down 0.1%

Thor Industries stock opened at $79.51 on Tuesday. The stock has a 50-day moving average price of $76.09 and a 200 day moving average price of $85.00. Thor Industries has a 52 week low of $69.71 and a 52 week high of $122.83. The stock has a market cap of $4.14 billion, a PE ratio of 34.42, a P/E/G ratio of 1.55 and a beta of 1.33. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, July 1st. Thor Industries's payout ratio is currently 90.04%.

Hedge Funds Weigh In On Thor Industries

A number of hedge funds have recently made changes to their positions in the business. Value Holdings Management CO. LLC acquired a new stake in Thor Industries in the 2nd quarter valued at $13,565,000. Frazier Financial Advisors LLC purchased a new stake in shares of Thor Industries in the second quarter worth about $817,000. Madison Asset Management LLC purchased a new stake in shares of Thor Industries in the second quarter worth about $66,217,000. NewEdge Wealth LLC acquired a new stake in shares of Thor Industries in the second quarter valued at about $1,531,000. Finally, BlackRock Inc. purchased a new stake in shares of Thor Industries during the 2nd quarter valued at about $363,258,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Key Headlines Impacting Thor Industries

Here are the key news stories impacting Thor Industries this week:

• Positive Sentiment: Zacks Research increased its FY2026 EPS estimate to $3.33 from $3.26, above the broader consensus estimate of $3.20. The firm also raised its Q4 2026 forecast to $1.02 from $0.95, suggesting somewhat better near-term earnings expectations.
• Positive Sentiment: Longer-term estimates were also raised, including Q1 2027 EPS to $0.43 from $0.41, Q2 2027 to $0.23 from $0.21, Q4 2027 to $1.09 from $1.06, Q1 2028 to $0.80 from $0.77, and Q2 or Q4 2028 to $1.13 from $1.09. These revisions indicate improved projected profitability across several future periods.
• Neutral Sentiment: Despite the higher forecasts, Zacks Research continues to rate Thor Industries (THO) “Strong Sell.” That disconnect suggests the analyst sees potential earnings improvement but still considers the stock’s valuation, industry conditions, or broader risk profile unfavorable.
• Negative Sentiment: Zacks Research reportedly cut its Q3 EPS estimate for Thor Industries, offsetting some of the optimism from the higher annual and later-period forecasts. Q3 EPS Estimates for Thor Industries Cut by Zacks Research

Thor Industries Company Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.

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