THOR Industries (THO) to Release Quarterly Earnings on Wednesday

THOR Industries (NYSE:THO) is expected to be announcing its earnings results before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $1.98 billion for the quarter.

THOR Industries Stock Performance

THO opened at $102.06 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The company has a market cap of $5.43 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. The stock has a 50-day moving average of $99.58 and a 200-day moving average of $104.25. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.96%. THOR Industries’s payout ratio is currently 51.15%.

Analyst Ratings Changes

A number of equities analysts have recently commented on THO shares. Truist Financial lifted their price target on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Bank of America initiated coverage on shares of THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Finally, StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, THOR Industries has a consensus rating of “Hold” and a consensus price target of $113.17.

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.