Brokers Issue Forecasts for Thor Industries FY2025 Earnings

Key Points

• Zacks Research has increased its FY2025 earnings per share estimate for Thor Industries from $4.07 to $4.36, while the consensus estimate for full-year earnings is $4.64.
• Thor Industries reported earnings of $2.53 per share in its latest quarter, significantly exceeding the consensus estimate of $1.79, and achieved revenue of $2.89 billion.
• The company recently approved a $400 million share buyback plan, allowing it to repurchase up to 8.8% of its shares, indicating a belief that its stock is undervalued.

Thor Industries, Inc. (NYSE:THO - Free Report) - Investment analysts at Zacks Research raised their FY2025 EPS estimates for Thor Industries in a report issued on Wednesday, July 30th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings of $4.36 per share for the year, up from their previous forecast of $4.07. The consensus estimate for Thor Industries' current full-year earnings is $4.64 per share.

Thor Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.74. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the previous year, the business posted $2.13 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year.

THO has been the topic of a number of other research reports. KeyCorp upgraded shares of Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday. Truist Financial boosted their target price on Thor Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. DA Davidson raised shares of Thor Industries to a "hold" rating in a research report on Monday, April 14th. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Finally, Robert W. Baird downgraded Thor Industries from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $87.63.

Thor Industries Stock Up 0.1%

Shares of THO stock traded up $0.09 during mid-day trading on Thursday, reaching $91.08. 732,726 shares of the company's stock traded hands, compared to its average volume of 544,680. Thor Industries has a 12 month low of $63.15 and a 12 month high of $118.85. The company has a market cap of $4.85 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.88 and a beta of 1.21. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The company's 50-day moving average price is $88.90 and its 200-day moving average price is $86.73.

Thor Industries announced that its board has approved a share buyback program on Monday, June 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the construction company to buy up to 8.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Thor Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, July 1st. Thor Industries's dividend payout ratio is currently 47.96%.

Insider Activity at Thor Industries

In other news, Director Peter Busch Orthwein bought 3,000 shares of the stock in a transaction dated Friday, June 20th. The stock was purchased at an average cost of $85.40 per share, for a total transaction of $256,200.00. Following the transaction, the director owned 136,400 shares of the company's stock, valued at $11,648,560. The trade was a 2.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.50% of the company's stock.

Institutional Trading of Thor Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Thor Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the construction company's stock worth $407,606,000 after purchasing an additional 326,584 shares during the period. ACR Alpine Capital Research LLC grew its stake in Thor Industries by 22.5% in the second quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the construction company's stock valued at $378,777,000 after purchasing an additional 782,114 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Thor Industries by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the construction company's stock valued at $224,364,000 after purchasing an additional 29,012 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its holdings in Thor Industries by 20.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the construction company's stock worth $185,613,000 after acquiring an additional 409,636 shares in the last quarter. Finally, Southpoint Capital Advisors LP boosted its holdings in Thor Industries by 106.2% in the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the construction company's stock worth $94,762,000 after acquiring an additional 643,851 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

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.