THOR Industries (NYSE:THO) Issues Earnings Results

THOR Industries (NYSE:THO) issued its quarterly 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 company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.68 EPS. 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 Up 2.4 %

Shares of THOR Industries stock traded up $2.58 during trading on Thursday, hitting $109.02. The stock had a trading volume of 145,346 shares, compared to its average volume of 498,106. THOR Industries has a 1 year low of $84.54 and a 1 year high of $129.31. The stock has a 50 day simple moving average of $102.63 and a 200 day simple moving average of $101.26. 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 company has a market capitalization of $5.80 billion, a PE ratio of 21.59 and a beta of 1.67.

Analyst Ratings Changes

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

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.