Earnings Report: Here’s what to expect from Thor Industries (NYSE:THO)

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Earnings results for Thor Industries (NYSE:THO)

Thor Industries, Inc. is expected* to report earnings on 09/28/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.3900000000000001. The reported EPS for the same quarter last year was $1.7.

Analyst Opinion on Thor Industries (NYSE:THO)

10 Wall Street analysts have issued ratings and price targets for Thor Industries in the last 12 months. Their average twelve-month price target is $103.00, predicting that the stock has a possible upside of 10.50%. The high price target for THO is $140.00 and the low price target for THO is $60.00. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Thor Industries has received a consensus rating of Buy. The company’s average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $103.00, Thor Industries has a forecasted upside of 10.5% from its current price of $93.21. Thor Industries has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Thor Industries (NYSE:THO)

Thor Industries pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends. Thor Industries has been increasing its dividend for 10 years. The dividend payout ratio of Thor Industries is 30.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Thor Industries will have a dividend payout ratio of 26.89% next year. This indicates that Thor Industries will be able to sustain or increase its dividend.

Insiders buying/selling: Thor Industries (NYSE:THO)

In the past three months, Thor Industries insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $21,512.00 in company stock and sold $0.00 in company stock. Only 4.00% of the stock of Thor Industries is held by insiders. 95.32% of the stock of Thor Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Thor Industries (NYSE:THO

Earnings for Thor Industries are expected to grow by 78.14% in the coming year, from $3.34 to $5.95 per share. The P/E ratio of Thor Industries is 26.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.36. The P/E ratio of Thor Industries is 26.33, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 28.74. Thor Industries has a PEG Ratio of 2.65. PEG Ratios above 1 indicate that a company could be overvalued. Thor Industries has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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