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

109.83

Mkt cap

5.8B

Volume

585K

High

110.92

P/E Ratio

21.96

52-wk high

129.31

Low

107.77

Div yield

0.02

52-wk low

88.37

Thor Industries (NYSE:THO) reported better-than-expected Q4 sales of $2.74 billion, beating expectations of $2.42 billion. The company's earnings per share were $1.68, down from $5.15 in the prior-year period. Thor Industries forecasts FY24 consolidated net sales of $10.5 billion to $11.0 billion and earnings of $6.25 to $7.25 per share. The company offers an annual dividend yield of 1.90%, which is a quarterly dividend amount of $0.45 a share ($1.80 a year).

Portfolio Pulse from Priya Nigam

September 26, 2023 | 12:07 pm

Thor Industries Inc (NYSE:THO) reported a Q4 FY23 sales decline of 28.4% YoY to $2.74 billion, beating the analyst consensus of $2.42 billion. The decrease in sales is due to lower dealer and consumer demand. EPS of $1.68 beat the analyst consensus of $0.96. The company sees FY24 sales of $10.5 billion - $11 billion and EPS of $6.25 - $7.25. THO shares closed higher by 2.03% at $94.82 on Monday.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 10:27 am

Several US stocks traded lower in Tuesday's pre-market session. Murphy Canyon Acquisition Corp. (CDT) shares dipped 18.1%, American Oncology Network (AONC) declined 8.5%, Roadzen (RDZN) fell 7.8%, KE Holdings (BEKE) fell 5.5%, Nayax (NYAX) dropped 4.7%, Coty (COTY) fell 4.1%, JD.com (JD) fell 3%, and THOR Industries (THO) fell 2.3%. Coty recently launched a global offering of 33 million shares of Class A Common stock and listed on the Euronext Paris. Nayax disclosed a partnership with ai Corporation for its fleet card issuing and fuel payments platform aiEazyFuel.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 10:01 am

Thor Industries has reaffirmed its commitment to achieving its financial targets for the fiscal year 2027.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:28 pm

Thor Industries has projected its FY24 consolidated net sales to be between $10.5B and $11.0B, with an estimated EPS of $6.25-$7.25. The company also anticipates a consolidated gross profit margin in the range of 14.5% to 15.0%.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:19 pm

Thor Industries reported Q4 earnings of $1.68 per share, a 67.38% decrease from the same period last year. However, the company's quarterly sales of $2.74 billion beat the analyst consensus estimate of $2.42 billion by 13.14%, despite being a 28.36% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:13 pm

The market remains lackluster with index futures slightly in the red and the 10-year Treasury yield approaching 5%. The Nasdaq Composite and the S&P 500 hit their lowest levels in 3.5 months. The S&P 500 is down nearly 4% on the month, and technical damage is beginning to mount. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.13% and the Invesco QQQ ETF (NASDAQ:QQQ) moved down 0.15%. Stocks of studios such as Walt Disney Co. (NYSE:DIS), Paramount Global (NASDAQ:PARA), Warner Bros. Discovery, Inc. (NASDAQ:WBD), Amazon, Inc. (NASDAQ:AMZN), and Netflix, Inc. (NASDAQ:NFLX) rose in premarket trading after Hollywood’s writers union reached a preliminary labor agreement with major studios.

Portfolio Pulse from Shanthi Rexaline

September 25, 2023 | 11:15 am

THOR Industries, AutoNation, Puyi Inc., Vaccinex, and Xiao-I Corporation are the stocks to watch heading into Monday. THOR Industries is expected to report quarterly earnings at 95 cents per share on revenue of $2.41 million. AutoNation has appointed Jeff Parent as its new COO. Puyi Inc. is set to release its audited financial results for the fiscal year ended June 30, 2023. Vaccinex reported a 1-for-15 reverse stock split. Xiao-I Corporation is projected to report financial results for the first half of 2023.

Portfolio Pulse from Lisa Levin

September 25, 2023 | 8:41 am

US stocks closed lower on Friday, with the Dow Jones Industrial Average falling over 100 points. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range, but hinted at a possible rate increase later this year. The S&P Global manufacturing PMI rose to 48.9 in September, beating market estimates, while the services PMI declined to 50.2, missing estimates. Scholastic Corporation's shares fell over 13% after reporting downbeat Q1 results. Investors are awaiting earnings results from THOR Industries, Puyi Inc., and Xiao-I Corporation.

Portfolio Pulse from Lisa Levin

September 25, 2023 | 6:52 am

Roth MKM analyst Scott Stember has reiterated a Neutral rating on Thor Industries (NYSE:THO) and maintained a $72 price target.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:32 pm

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