THOR Industries (NYSE:THO) Issues Earnings Results

THOR Industries (NYSE:THO) issued its quarterly earnings data on Tuesday. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33, Briefing.com reports. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous 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 Stock Down 2.8 %

NYSE:THO opened at $106.45 on Thursday. THOR Industries has a 1-year low of $84.54 and a 1-year high of $129.31. The firm’s 50-day moving average price is $102.63 and its 200-day moving average price is $101.26. The company has a market capitalization of $5.66 billion, a PE ratio of 21.59 and a beta of 1.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74.

Analysts Set New Price Targets

A number of brokerages have issued reports on THO. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Citigroup reduced 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 report on Friday, June 7th. Robert W. Baird reduced their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Benchmark started coverage on shares of THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating on the stock. Finally, Truist Financial upped their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently 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.