Thor Industries (THO) Releases Earnings Results, Beats Expectations By $0.24 EPS

Thor Industries (THO) announced its most recent quarterly financial results on Monday, Sep-26-2016. THO said it had a profit of $1.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.24. Analysts had a consensus of $1.33. The company posted revenue of $1292.60 million in the period, compared to analysts expectations of $1265.22 million. THO’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

Many Wall Street Analysts have commented on Thor Industries. Thor Industries was Upgraded by Northcoast to ” Buy” on Sep 13, 2016. Wunderlich Downgraded Thor Industries on Aug 19, 2016 to ” Hold”, Price Target of the shares are set at $80.Thor Industries was Upgraded by SunTrust to ” Buy” on Jul 29, 2016.

Thor Industries opened for trading at $81.16 and hit $82.24 on the upside on Thursday, eventually ending the session at $82.04, with a gain of 2.03% or 1.63 points. The heightened volatility saw the trading volume jump to 7,12,755 shares. Company has a market cap of $4,306 M.

In a different news, on Dec 2, 2015, Peter Busch Orthwein (Exec. Chairman of the Board) sold 8,625 shares at $58.01 per share price.

Thor Industries Inc. (Thor) manufactures and sells various recreational vehicles (RV) throughout the United States and Canada as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels. In addition it also produces truck and folding campers and equestrian and other specialty towable recreational vehicles as well as Class A Class C and Class B motorhomes. The Company operates through two segments: towable recreational vehicles and motorized recreational vehicles. The Company through its operating subsidiaries manufactures recreational vehicles in North America. The subsidiaries are Airstream Inc. CrossRoads RV Thor Motor Coach Inc. Keystone RV Company Heartland Recreational Vehicles LLC Livin’ Lite RV Inc. Bison Coach K.Z. Inc. and Postle Operating LLC.

Thor Industries

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