THOR Industries (NYSE:THO) Updates FY 2025 Earnings Guidance

THOR Industries (NYSE:THO - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.300-4.000 for the period, compared to the consensus estimate of 3.470. The company issued revenue guidance of $9.0 billion-$9.5 billion, compared to the consensus revenue estimate of $9.2 billion.

Wall Street Analyst Weigh In

A number of analysts have commented on THO shares. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research report on Monday, April 14th. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. Robert W. Baird downgraded THOR Industries from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Citigroup cut THOR Industries from a "buy" rating to a "neutral" rating and lowered their price target for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. Finally, Truist Financial upped their price objective on THOR Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $89.14.

THOR Industries Price Performance

Shares of THO traded up $0.09 during trading hours on Thursday, hitting $86.00. 1,213,234 shares of the company were exchanged, compared to its average volume of 660,862. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market capitalization of $4.58 billion, a PE ratio of 21.99, a PEG ratio of 1.16 and a beta of 1.26. The firm has a fifty day simple moving average of $75.46 and a 200-day simple moving average of $90.20. THOR Industries has a one year low of $63.16 and a one year high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last announced its earnings results on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, beating the consensus estimate of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. As a group, sell-side analysts predict that THOR Industries will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Tuesday, April 8th. THOR Industries's payout ratio is 53.05%.

Institutional Investors Weigh In On THOR Industries

A number of large investors have recently made changes to their positions in THO. Empowered Funds LLC acquired a new position in THOR Industries in the 1st quarter worth approximately $1,177,000. Jones Financial Companies Lllp lifted its holdings in shares of THOR Industries by 433.3% in the first quarter. Jones Financial Companies Lllp now owns 7,061 shares of the construction company's stock valued at $535,000 after purchasing an additional 5,737 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of THOR Industries in the first quarter worth $269,000. Finally, Focus Partners Wealth purchased a new position in shares of THOR Industries during the first quarter valued at $255,000. Institutional investors and hedge funds own 96.71% of the company's stock.

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.