Zacks Research Predicts Higher Earnings for Thor Industries

Key Points

• Zacks Research raised Thor Industries’ Q4 2027 EPS estimate to $1.33 from $1.13 and projects FY2028 EPS of $5.43, while maintaining a “Hold” rating.
• Analyst sentiment remains cautious: Thor has a consensus “Hold” rating, with 10 Holds, three Buys and one Sell, and an average price target of $85.67 after several recent target cuts.
• Shares opened at $63.83, near their 52-week low of $63.72. The company recently missed quarterly EPS estimates, while revenue declined 8.4% year over year; institutional investors own 96.71% of the stock.

Thor Industries, Inc. (NYSE:THO - Free Report) - Equities researchers at Zacks Research raised their Q4 2027 earnings per share estimates for Thor Industries in a report released on Friday, October 9th. Zacks Research analyst Team now forecasts that the RV manufacturer will post earnings per share of $1.33 for the quarter, up from their prior estimate of $1.13. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Thor Industries' current full-year earnings is $4.12 per share. Zacks Research also issued estimates for Thor Industries' Q2 2028 earnings at $1.25 EPS, Q4 2028 earnings at $1.43 EPS and FY2028 earnings at $5.43 EPS.

Several other equities analysts have also recently issued reports on THO. BMO Capital Markets decreased their price objective on Thor Industries from $110.00 to $95.00 and set an "outperform" rating for the company in a research note on Tuesday, September 15th. Bank of America cut their target price on shares of Thor Industries from $96.00 to $86.00 and set a "buy" rating on the stock in a research note on Monday, September 21st. Wall Street Zen cut shares of Thor Industries from a "hold" rating to a "sell" rating in a report on Saturday, September 19th. Robert W. Baird reduced their target price on shares of Thor Industries from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, September 23rd. Finally, Roth Capital reiterated a "neutral" rating and issued a $74.00 price target on shares of Thor Industries in a research note on Wednesday, September 23rd. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Thor Industries has a consensus rating of "Hold" and an average price target of $85.67.

Thor Industries Price Performance

THO stock opened at $63.83 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 0.85. The firm has a market capitalization of $3.29 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.87 and a beta of 1.43. The business's 50-day moving average is $74.26 and its two-hundred day moving average is $75.93. Thor Industries has a 1 year low of $63.72 and a 1 year high of $122.83.

Thor Industries (NYSE:THO - Get Free Report) last released its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Thor Industries had a return on equity of 3.76% and a net margin of 1.85%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the firm earned $2.36 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year.

Hedge Funds Weigh In On Thor Industries

Several large investors have recently bought and sold shares of THO. Public Employees Retirement System of Ohio acquired a new stake in Thor Industries in the second quarter valued at $1,077,000. Edgestream Partners L.P. boosted its position in shares of Thor Industries by 133.0% during the 1st quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer's stock worth $2,142,000 after acquiring an additional 15,309 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Thor Industries during the 2nd quarter worth about $65,419,000. Bank of America Corp DE acquired a new position in shares of Thor Industries during the 2nd quarter worth about $6,886,000. Finally, Legal & General Group Plc acquired a new position in shares of Thor Industries during the 2nd quarter worth about $5,659,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

About Thor Industries

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor's North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company's other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.

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