Brokers Set Expectations for THOR Industries, Inc.'s Q3 2024 Earnings (NYSE:THO)

THOR Industries, Inc. (NYSE:THO - Free Report) - Investment analysts at Zacks Research decreased their Q3 2024 earnings per share (EPS) estimates for shares of THOR Industries in a report issued on Wednesday, March 27th. Zacks Research analyst R. Department now expects that the construction company will earn $1.94 per share for the quarter, down from their prior forecast of $2.48. The consensus estimate for THOR Industries' current full-year earnings is $5.37 per share. Zacks Research also issued estimates for THOR Industries' Q2 2025 earnings at $0.99 EPS, FY2025 earnings at $7.32 EPS and FY2026 earnings at $8.07 EPS.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. THOR Industries's revenue was down 5.9% on a year-over-year basis.

A number of other analysts have also recently issued reports on the stock. TheStreet cut shares of THOR Industries from a "b-" rating to a "c+" rating in a research note on Monday, March 18th. Citigroup upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Robert W. Baird raised their target price on THOR Industries from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, March 7th. Truist Financial upped their price target on THOR Industries from $96.00 to $105.00 and gave the stock a "hold" rating in a research note on Tuesday, January 9th. Finally, BMO Capital Markets boosted their target price on THOR Industries from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, December 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $104.00.

THOR Industries Stock Up 2.4 %

Shares of THOR Industries stock traded up $2.71 during trading on Friday, hitting $117.34. 422,673 shares of the stock traded hands, compared to its average volume of 722,627. The company has a fifty day moving average price of $115.11 and a two-hundred day moving average price of $106.36. THOR Industries has a twelve month low of $74.50 and a twelve month high of $129.31. The stock has a market cap of $6.26 billion, a P/E ratio of 23.28 and a beta of 1.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of THO. Harbour Investments Inc. increased its holdings in THOR Industries by 290.9% in the 3rd quarter. Harbour Investments Inc. now owns 258 shares of the construction company's stock valued at $25,000 after buying an additional 192 shares during the period. Parkside Financial Bank & Trust raised its position in THOR Industries by 889.3% in the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company's stock worth $26,000 after purchasing an additional 249 shares in the last quarter. Smithfield Trust Co lifted its stake in THOR Industries by 127.2% during the third quarter. Smithfield Trust Co now owns 284 shares of the construction company's stock worth $27,000 after purchasing an additional 159 shares during the period. Benjamin Edwards Inc. boosted its holdings in THOR Industries by 123.6% during the second quarter. Benjamin Edwards Inc. now owns 275 shares of the construction company's stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company's stock valued at $35,000 after purchasing an additional 121 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other THOR Industries news, COO W. Todd Woelfer sold 3,334 shares of the firm's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $112.50, for a total value of $375,075.00. Following the sale, the chief operating officer now directly owns 101,680 shares in the company, valued at approximately $11,439,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.70% of the stock is currently owned by insiders.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.48 dividend. The ex-dividend date is Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.64%. THOR Industries's payout ratio is 38.10%.

About THOR Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.