THOR Industries (NYSE:THO) Posts Earnings Results, Beats Estimates By $0.74 EPS

THOR Industries (NYSE:THO - Get Free Report) released its quarterly earnings data on Wednesday. The construction company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.74, RTT News reports. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. THOR Industries's quarterly revenue was up 3.3% on a year-over-year basis. THOR Industries updated its FY 2025 guidance to 3.300-4.000 EPS.

THOR Industries Price Performance

NYSE:THO traded up $0.77 during trading hours on Friday, reaching $86.75. 985,676 shares of the company's stock were exchanged, compared to its average volume of 815,938. THOR Industries has a 12 month low of $63.15 and a 12 month high of $118.85. The business's 50-day simple moving average is $75.66 and its two-hundred day simple moving average is $90.03. The company has a market capitalization of $4.62 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.50 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.31%. THOR Industries's payout ratio is currently 47.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on THO. Wall Street Zen upgraded THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Citigroup cut shares of THOR Industries from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. DA Davidson raised THOR Industries to a "hold" rating in a report on Monday, April 14th. KeyCorp increased their price objective on THOR Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Finally, Truist Financial raised their target price on shares of THOR Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $89.14.

Institutional Investors Weigh In On THOR Industries

Large investors have recently modified their holdings of the stock. Focus Partners Wealth acquired a new stake in shares of THOR Industries during the first quarter worth $255,000. United Services Automobile Association purchased a new position in shares of THOR Industries in the first quarter worth approximately $269,000. Jones Financial Companies Lllp raised its holdings in shares of THOR Industries by 433.3% during the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the construction company's stock valued at $535,000 after acquiring an additional 5,737 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of THOR Industries in the 1st quarter valued at approximately $1,177,000. 96.71% of the stock is owned by institutional investors.

THOR Industries Company Profile

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.