THOR Industries (NYSE:THO) Announces Quarterly Earnings Results

THOR Industries (NYSE:THO) announced its earnings results on Tuesday. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33, Briefing.com reports. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. THOR Industries’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. THOR Industries updated its FY 2025 guidance to 4.000-5.000 EPS and its FY25 guidance to $4.00-5.00 EPS.

THOR Industries Trading Down 2.8 %

NYSE:THO opened at $106.45 on Thursday. The company has a fifty day moving average of $102.63 and a 200 day moving average of $101.26. THOR Industries has a 52 week low of $84.54 and a 52 week high of $129.31. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $5.66 billion, a P/E ratio of 21.59 and a beta of 1.67.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Benchmark assumed coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a “hold” rating for the company. Robert W. Baird lowered their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Citigroup lowered their price objective on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.