THOR Industries (NYSE:THO – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, March 6th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. THOR Industries has set its FY24 guidance at $6.25-7.25 EPS.Investors that wish to register for the company’s conference call can do so using this link.
THOR Industries (NYSE:THO – Get Free Report) last issued its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. THOR Industries had a net margin of 2.77% and a return on equity of 7.48%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the business earned $2.53 EPS. The business’s quarterly revenue was down 19.5% on a year-over-year basis. On average, analysts expect THOR Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
THOR Industries Price Performance
NYSE THO opened at $127.00 on Wednesday. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 23.48 and a beta of 1.78. The company’s 50 day moving average is $116.72 and its two-hundred day moving average is $105.07. THOR Industries has a 12 month low of $74.50 and a 12 month high of $128.50. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 0.32.
THOR Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 28th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, December 27th. THOR Industries’s payout ratio is presently 35.49%.
Wall Street Analysts Forecast Growth
THO has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Citigroup increased their price target on shares of THOR Industries from $94.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, December 4th. Finally, Truist Financial raised their price objective on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.00.
View Our Latest Report on THOR Industries
Insider Buying and Selling at THOR Industries
In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total value of $383,295.00. Following the completion of the sale, the chief operating officer now owns 98,347 shares in the company, valued at $11,309,905. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of THOR Industries by 371.7% during the third quarter. JPMorgan Chase & Co. now owns 950,135 shares of the construction company’s stock valued at $90,386,000 after acquiring an additional 748,713 shares during the last quarter. Royal London Asset Management Ltd. purchased a new stake in shares of THOR Industries during the 1st quarter valued at about $46,644,000. Norges Bank purchased a new stake in shares of THOR Industries during the 4th quarter valued at about $34,637,000. First Trust Advisors LP raised its holdings in shares of THOR Industries by 127.6% during the 1st quarter. First Trust Advisors LP now owns 291,956 shares of the construction company’s stock valued at $23,251,000 after buying an additional 163,700 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of THOR Industries by 356.6% during the 2nd quarter. Millennium Management LLC now owns 109,581 shares of the construction company’s stock valued at $8,189,000 after buying an additional 152,282 shares during the period. Institutional investors and hedge funds own 96.52% of the company’s stock.
THOR Industries Company Profile
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Read More: THOR Industries (THO) Scheduled to Post Earnings on Wednesday