THOR Industries (NYSE:THO) Releases Quarterly Earnings Results, Beats Expectations By $0.33 EPS

THOR Industries (NYSE:THO) posted its quarterly earnings results on Tuesday. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.35 by $0.33, Briefing.com reports. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the business posted $1.68 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. 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 Up 2.6 %

Shares of NYSE THO traded up $2.76 during trading hours on Thursday, hitting $109.20. 177,280 shares of the stock were exchanged, compared to its average volume of 498,278. 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 cap of $5.81 billion, a PE ratio of 21.59 and a beta of 1.67. The firm has a fifty day moving average price of $102.63 and a 200-day moving average price of $101.26. THOR Industries has a 12 month low of $84.54 and a 12 month high of $129.31.

Analyst Upgrades and Downgrades

THO has been the subject of several recent research reports. Truist Financial boosted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Benchmark initiated coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a “hold” rating for the company. Robert W. Baird reduced their price target 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. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Finally, Citigroup reduced their price objective on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.