Thor Industries, Inc. (NYSE:THO) to Post FY2021 Earnings of $10.50 Per Share, Truist Securiti Forecasts

Thor Industries, Inc. (NYSE:THO) – Analysts at Truist Securiti upped their FY2021 earnings estimates for Thor Industries in a report issued on Friday, September 17th. Truist Securiti analyst M. Swartz now forecasts that the construction company will post earnings per share of $10.50 for the year, up from their prior estimate of $10.25. Truist Securiti also issued estimates for Thor Industries’ Q4 2021 earnings at $2.78 EPS and Q4 2022 earnings at $3.23 EPS.

Several other analysts have also weighed in on THO. Truist lowered their target price on Thor Industries from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, September 17th. Zacks Investment Research raised Thor Industries from a “sell” rating to a “hold” rating and set a $117.00 price objective on the stock in a research note on Thursday, September 9th. Northcoast Research lowered Thor Industries from a “buy” rating to a “neutral” rating in a research note on Thursday, June 17th. Raymond James initiated coverage on Thor Industries in a research note on Thursday, July 1st. They set an “underperform” rating on the stock. Finally, Exane BNP Paribas initiated coverage on Thor Industries in a research note on Monday, June 14th. They set a “neutral” rating and a $128.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Thor Industries currently has a consensus rating of “Hold” and a consensus target price of $133.50.

Thor Industries stock opened at $106.14 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.70 and a current ratio of 1.46. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 10.76 and a beta of 2.35. Thor Industries has a fifty-two week low of $78.64 and a fifty-two week high of $152.20. The stock’s fifty day moving average is $114.39 and its two-hundred day moving average is $122.96.

Institutional investors have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Thor Industries by 30.8% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 15,158 shares of the construction company’s stock worth $2,042,000 after purchasing an additional 3,568 shares during the period. Royal Bank of Canada raised its holdings in shares of Thor Industries by 5.9% in the 1st quarter. Royal Bank of Canada now owns 233,795 shares of the construction company’s stock worth $31,501,000 after purchasing an additional 12,972 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of Thor Industries by 48.1% in the 1st quarter. Kestra Advisory Services LLC now owns 8,768 shares of the construction company’s stock worth $1,181,000 after purchasing an additional 2,848 shares during the period. Swiss National Bank raised its holdings in shares of Thor Industries by 1.4% in the 1st quarter. Swiss National Bank now owns 126,500 shares of the construction company’s stock worth $17,045,000 after purchasing an additional 1,700 shares during the period. Finally, New Mexico Educational Retirement Board raised its holdings in shares of Thor Industries by 18.6% in the 2nd quarter. New Mexico Educational Retirement Board now owns 11,500 shares of the construction company’s stock worth $1,300,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 88.27% of the company’s stock.

About Thor Industries

Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles; North American Motorized Recreational Vehicles; and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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Earnings History and Estimates for Thor Industries (NYSE:THO)

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