Streetbeat News

THO

Thor Industries, Inc.

https://www.thorindustries.com

Industry

Auto - Recreational Vehicles

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. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs. The company provides its products through independent and non-franchise dealers. The company was founded in 1980 and is based in Elkhart, Indiana.

Open

97.15

Mkt cap

5.1B

Volume

High

97.77

P/E Ratio

24.29

52-wk high

118.85

Low

93.66

Div yield

0.02

52-wk low

88.37

Thor Industries shares dropped following a report of decreased Q2 financial results year-over-year and a reduction in FY24 guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:25 pm

Thor Industries has revised its full fiscal year 2024 earnings per share (EPS) forecast downwards from the previously projected range of $6.25 - $7.25 to a new range of $5.00 - $5.50, compared to the market estimate of $6.69.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:37 am

Thor Industries has revised its FY24 revenue forecast downwards from the initial range of $10.5B - $11.0B to a new range of $10.0B - $10.5B, which is below the estimated $10.65B.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:36 am

Thor Industries reported Q2 earnings of $0.13 per share, missing the $0.67 estimate, and sales of $2.21B, missing the $2.27B estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:32 am

Numerous companies are scheduled to report their earnings on March 6, 2024, covering a wide range of industries from technology to retail. Notable mentions include JD.com with expected earnings of $0.63 per share on a revenue of $42.16 billion, and Abercrombie & Fitch forecasting $2.83 per share on $1.43 billion revenue. Other companies like Foot Locker, Thor Industries, and Campbell Soup are also set to report their earnings, alongside firms expected to report losses such as WAVE Life Sciences and EVgo.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 10:00 am

The CNN Money Fear and Greed index indicated a shift to 'Greed' with a reading of 74.3, down from 78.2. The Dow Jones fell over 400 points, and the S&P 500 and Nasdaq also closed lower. Apple Inc's shares dropped 2.8% due to a 24% decline in iPhone sales in China. GitLab Inc. saw a 21% decrease in its shares after providing lower-than-expected earnings guidance. U.S. factory orders and ISM services PMI both declined. Investors are looking forward to earnings results from Abercrombie & Fitch, Campbell Soup, THOR Industries, and Infinera Corporation.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 7:29 am

U.S. stock futures are trading higher with focus on THOR Industries, Box, Campbell Soup, DexCom, and Abercrombie & Fitch due to earnings reports and strategic moves. THOR Industries is expected to report earnings, Box announced upbeat earnings and a stock repurchase program expansion, Campbell Soup is anticipated to release its earnings, DexCom reported FDA clearance of Stelo, and Abercrombie & Fitch is expected to report its earnings.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 7:28 am

Thor Industries (NYSE:THO) is scheduled to release its quarterly earnings report on March 6, 2024. Analysts predict an EPS of $0.69. The company's past earnings performance shows mixed results with both misses and beats in previous quarters. Shares are currently trading at $127.12, reflecting a 43.6% increase over the last year. Investors are keenly awaiting the report, particularly for any positive guidance that could influence the stock's future direction.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 8:01 pm

THOR Industries, Inc. (NYSE:THO) is set to release its Q2 earnings on March 6, 2024, with expected earnings of 68 cents per share and projected revenue of $2.27 billion. The company recently appointed Jeffrey D. Lorenger to its board and Michele McDermott as CHRO. THOR offers a 1.49% annual dividend yield, equating to $1.92 per year. To earn $500 monthly from dividends, an investment of approximately $397,250 is required. THO shares fell 1.5% to close at $127.12.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 2:02 pm

Thor Industries (NYSE:THO) is set to release its quarterly earnings report on March 6, 2024, with an estimated EPS of $0.69. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. Historically, Thor Industries has had mixed earnings performance, with the last quarter missing EPS estimates by $0.06 but resulting in a 2.49% share price increase the following day. Over the last 52 weeks, THO shares have risen by 44.39%, indicating a generally positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 2:01 pm

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