Thor Industries (NYSE:THO) Issues FY 2026 Earnings Guidance

Key Points

• Thor Industries has updated its FY 2026 earnings guidance, projecting earnings per share will be between $3.750 and $4.250, falling short of the consensus estimate of $4.290.
• The company also provided revenue guidance of $9.0 billion to $9.5 billion, compared to a consensus estimate of $9.6 billion.
• Thor Industries reported strong quarterly earnings, with an EPS of $2.36 for the latest quarter, exceeding the consensus estimate of $1.18.

Thor Industries (NYSE:THO - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.750-4.250 for the period, compared to the consensus earnings per share estimate of 4.290. The company issued revenue guidance of $9.0 billion-$9.5 billion, compared to the consensus revenue estimate of $9.6 billion.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Thor Industries from $86.00 to $115.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Zacks Research upgraded shares of Thor Industries from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 3rd. Roth Capital set a $93.00 price target on shares of Thor Industries and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. KeyCorp upgraded shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a research report on Friday, August 1st. Finally, Bank of America increased their price objective on shares of Thor Industries from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $96.88.

Thor Industries Stock Performance

Shares of THO opened at $102.44 on Wednesday. The firm's 50 day moving average is $102.11 and its 200-day moving average is $87.95. The stock has a market capitalization of $5.45 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.07 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.90. Thor Industries has a 12-month low of $63.15 and a 12-month high of $118.85.

Thor Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, September 24th. The RV manufacturer reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $1.18. The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.34 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. During the same quarter in the previous year, the company posted $1.68 EPS. Thor Industries has set its FY 2026 guidance at 3.750-4.250 EPS. Equities research analysts anticipate that Thor Industries will post 4.64 EPS for the current fiscal year.

Thor Industries declared that its board has authorized a stock repurchase program on Monday, June 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the RV manufacturer to purchase up to 8.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Thor Industries by 1.7% in the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer's stock worth $539,000 after acquiring an additional 99 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Thor Industries by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer's stock worth $3,089,000 after acquiring an additional 104 shares in the last quarter. Amundi increased its position in shares of Thor Industries by 5.6% in the second quarter. Amundi now owns 3,512 shares of the RV manufacturer's stock worth $319,000 after acquiring an additional 185 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Thor Industries by 0.3% in the second quarter. California Public Employees Retirement System now owns 91,732 shares of the RV manufacturer's stock worth $8,147,000 after acquiring an additional 248 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Thor Industries by 17.2% during the second quarter. Osaic Holdings Inc. now owns 2,407 shares of the RV manufacturer's stock worth $214,000 after purchasing an additional 353 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.

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