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

THOR Industries (NYSE:THO) posted 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. 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 the consensus estimate of $2.47 billion. During the same quarter last year, the firm posted $1.68 EPS. THOR Industries’s 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 Performance

Shares of THOR Industries stock traded up $1.98 during mid-day trading on Thursday, hitting $108.42. 626,343 shares of the stock were exchanged, compared to its average volume of 500,692. THOR Industries has a 12 month low of $84.54 and a 12 month high of $129.31. The company has a 50-day simple moving average of $102.63 and a 200 day simple moving average of $101.26. The company has a market capitalization of $5.77 billion, a P/E ratio of 22.09 and a beta of 1.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on THO. Robert W. Baird dropped 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 note on Thursday, June 6th. Citigroup raised their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial boosted their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Finally, Benchmark initiated coverage on THOR Industries in a report on Thursday, July 18th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.75.

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.