Thor Industries (NYSE:THO) Stock, Quote.Headers.trade-ideas

Thor Industries

Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.

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Thor Industries offers an annual dividend yield of 1.84%. So, how can investors exploit it to pocket a regular $500 monthly?

How To Earn $500 A Month From Thor Industries Stock Ahead Of Q4 Earnings Results

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For the quarter ended April 2024, Thor Industries (NYSE: THO) reported revenue of $2.8 billion, down 4.4% over the same period last year. EPS came in at $2.13, compared to $2.24 in the year-ago quarter.

Thor Industries Reports Q3 Earnings: What Key Metrics Have to Say

Thor Industries Inc

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<p>BMO Capital  analyst Tristan Thomas-Martin   maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Outperform and maintains $120 price target.</p>


BMO Capital Maintains Outperform on Thor Industries, Maintains $120 Price Target

<p><strong>Thor Industries, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) will release earnings results for its fiscal 2024 fourth quarter, before <a href="https://pro.benzinga.com/dashboard">the opening bell on </a><a href="https://www.benzinga.com/quote/THO/analyst-ratings">Tuesday</a><a href="https://pro.benzinga.com/dashboard">, Sept. 24.</a></p>
<p>Analysts expect the company to report quarterly earnings at $4.83 per share, up from $4.55 per share in the year-ago period. The company projects to report revenue of $21.99 billion for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a></p>
<p>On July 18, Benchmark analyst Michael Albanese initiated coverage on Thor Industries with a Hold rating.</p>
<p>With the recent buzz around Thor Industries, some investors may be eyeing potential gains from the company's dividends too. Thor Industries currently offers an annual dividend yield of 1.84%. That&#8217;s a quarterly dividend amount of 48 cents per share ($1.92 a year).</p>
<p>So, how can investors exploit its dividend yield to pocket a regular $500 monthly?</p>
<p><strong>To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $326,875 or around 3,125 shares. For a more modest $100 per month or $1,200 per year, you would need $65,375 or around 625 shares.</strong></p>
<p><strong>To calculate: </strong>Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.92 in this case). So, $6,000 / $1.92 = 3,125 ($500 per month), and $1,200 / $1.92 = 625 shares ($100 per month).</p>
<p>Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.</p>
<p><strong>How that works:</strong> The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.</p>
<p>For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).</p>
<p>Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.</p>
<p><strong>THO Price Action:</strong> Shares of Thor Industries fell 0.6% to close at $104.60 on Wednesday.</p>
<p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><br />
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<p><em>Image: Shutterstock</em></p>


<p>In the latest quarter, 4 analysts provided ratings for Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $104.5, a high estimate of $113.00, and a low estimate of $95.00. This current average represents a 6.07% decrease from the previous average price target of $111.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721307720_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>A clear picture of Thor Industries's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Hardiman</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$113.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$95.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$110.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$100.00</td>
<td>$105.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Thor Industries. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Thor Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Thor Industries's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Thor Industries's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/THO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Thor Industries analyst ratings.</strong></a></p>
<h2>Get to Know Thor Industries Better</h2>
<p>Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.</p>
<h3>Thor Industries's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Challenges:</strong> Thor Industries's revenue growth over 3 months faced difficulties. As of 30 April, 2024, the company experienced a decline of approximately <strong>-4.36%</strong>. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Thor Industries's net margin is impressive, surpassing industry averages. With a net margin of <strong>4.09%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Thor Industries's ROE excels beyond industry benchmarks, reaching <strong>2.88%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Thor Industries's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>1.59%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Thor Industries's debt-to-equity ratio is below the industry average. With a ratio of <b>0.31</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 4 Analyst Recommendations For Thor Industries

<p>Benchmark  analyst Michael Albanese   initiates coverage on Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Hold rating.</p>


Initiation

Benchmark Initiates Coverage On Thor Industries with Hold Rating

<p>Citigroup  analyst James Hardiman   maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Buy and lowers the price target from $120 to $113.</p>


Citigroup Maintains Buy on Thor Industries, Lowers Price Target to $113

<p>Truist Securities  analyst Michael Swartz   maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Hold and lowers the price target from $100 to $95.</p>


Truist Securities Maintains Hold on Thor Industries, Lowers Price Target to $95

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.</p>
<ul>
<li>Needham raised the price target for <strong>Semtech Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) from $38 to $50. Needham analyst Quinn Bolton maintained a Buy rating. Semtech shares gained 3.5% to close at $38.68 on Wednesday. <a href="https://www.benzinga.com/quote/SMTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Cantor Fitzgerald cut the price target for <strong>Sprinklr, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) from $16 to $10. Cantor Fitzgerald analyst Brett Knoblauch downgraded the stock from Overweight to Neutral. Sprinklr shares rose 1.2% to close at $10.84 on Wednesday. <a href="https://www.benzinga.com/quote/CXM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. increased <strong>Cipher Mining Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) price target from $5.5 to $6. HC Wainwright &amp; Co. analyst Mike Colonnese maintained a Buy rating. Cipher Mining shares gained 4.9% to close at $4.04 on Wednesday. <a href="https://www.benzinga.com/quote/CIFR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG raised the price target for <strong>Core Scientific, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) from $8 to $10. BTIG analyst Gregory Lewis maintained a Buy rating. Core Scientific shares gained 4.7% to close at $7.15 on Wednesday. <a href="https://www.benzinga.com/quote/CORZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BTIG boosted <strong>Steven Madden, Ltd</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOO#NASDAQ">SHOO</a>) price target from $50 to $53. BTIG analyst Janine Stichter maintained a Buy rating. Steven Madden shares gained 0.5% to close at $44.34 on Wednesday. <a href="https://www.benzinga.com/quote/SHOO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen boosted <strong>Lululemon Athletica Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) price target from $437 to $447. TD Cowen analyst John Kernan maintained a Buy rating. Lululemon shares rose 0.5% to close at $308.27 on Wednesday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised the price target for <strong>Smartsheet Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) from $36 to $43. RBC Capital analyst Rishi Jaluria maintained a Sector Perform rating. Smartsheet shares rose 0.5% to close at $37.78 on Wednesday. <a href="https://www.benzinga.com/quote/SMAR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Small Cap Consumer Research increased <strong>Lands&#8217; End, Inc</strong>.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) price target from $14 to $17. Small Cap Consumer Research analyst Eric Beder maintained a Buy rating. Lands&#8217; End shares fell 5.8% to close at $13.09 on Wednesday. <a href="https://www.benzinga.com/quote/LE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised <strong>Ollie&#8217;s Bargain Outlet Holdings, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) price target from $86 to $101. RBC Capital analyst Steven Shemesh maintained an Outperform rating. Ollie&#8217;s Bargain shares rose 9.5% to close at $89.83 on Wednesday. <a href="https://www.benzinga.com/quote/OLLI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut <strong>THOR Industries, Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) price target from $120 to $110. Baird analyst Craig Kennison maintained an Outperform rating. THOR Industries shares gained 0.7% to close at $96.65 on Wednesday. <a href="https://www.benzinga.com/quote/THO/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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<p>Baird  analyst Craig Kennison   maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Outperform and lowers the price target from $120 to $110.</p>


Baird Maintains Outperform on Thor Industries, Lowers Price Target to $110

<p>For the quarter ended April 2024, <strong>Thor Industries</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) reported revenue of $2.8 billion, down 4.4% over the same period last year. EPS came in at $2.13, compared to $2.24 in the year-ago quarter.</p>
<p>The reported revenue represents a surprise of +3.02% over the Zacks Consensus Estimate of $2.72 billion. With the consensus EPS estimate being $1.89, the EPS surprise was +12.70%.</p>
<p>While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company&#39;s underlying performance.</p>
<p>Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock&#39;s price performance.</p>
<p>Here is how Thor Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:</p>
<ul>
<li><strong>Units - Recreation Vehicles - European</strong>: 15,363 versus 14,910 estimated by three analysts on average.</li>
<li><strong>Units - Recreational vehicles - North American Towable</strong>: 34,193 compared to the 31,760 average estimate based on three analysts.</li>
<li><strong>Unit sales - Total</strong>: 54,520 versus 51,791 estimated by three analysts on average.</li>
<li><strong>Unit sales - Total recreation vehicles(Total North America)</strong>: 39,157 versus 36,881 estimated by three analysts on average.</li>
<li><strong>Units - Recreational vehicles - North American Motorized</strong>: 4,964 versus the three-analyst average estimate of 5,121.</li>
<li><strong>Net Sales- Recreational vehicles- European</strong>: $931.06 million versus the three-analyst average estimate of $832.54 million. The reported number represents a year-over-year change of +7.4%.</li>
<li><strong>Net Sales- Recreational vehicles- Total North America</strong>: $1.72 billion versus $1.77 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.5% change.</li>
<li><strong>Net Sales- Recreational vehicles- North American Towable</strong>: $1.07 billion compared to the $1.05 billion average estimate based on three analysts. The reported number represents a change of -4.7% year over year.</li>
<li><strong>Net Sales- Total Recreational vehicles</strong>: $2.65 billion versus $2.57 billion estimated by three analysts on average.</li>
<li><strong>Net Sales- Recreational vehicles- North American Motorized</strong>: $646.95 million versus $690.56 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -18.7% change.</li>
<li><strong>Net Sales- Intercompany eliminations</strong>: -$64.52 million versus -$51.38 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.</li>
<li><strong>Net Sales- Other</strong>: $216.23 million compared to the $178.09 million average estimate based on two analysts. The reported number represents a change of +7.5% year over year.</li>
</ul>
<p>Shares of Thor Industries have returned -5.3% over the past month versus the Zacks S&amp;P 500 composite&#39;s +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.</p>
<p><a href="https://www.zacks.com/stock/news/2283886/thor-industries-tho-reports-q3-earnings-what-key-metrics-have-to-say?cid=CS-BENZ-FT-fundamental_analysis|nfm-2283886">To read this article on Zacks.com click here.</a></p>


<p><strong>Thor Industries, Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading lower on Wednesday.</a></p>
<p>The company reported third-quarter earnings per share of $2.13, beating the street view of $1.80. Thor Industries registered quarterly sales of $2.80 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/g39179397/thor-industries-announces-third-quarter-fiscal-2024-results" rel="noreferrer noopener">beating the street view of $2.727 billion.</a></p>
<p>&#8220;On a year-over-year basis, our fiscal third quarter saw a consolidated net sales decline of 4.4% while net income before taxes decreased just 20 basis points as a percentage of sales,&#8221; said Todd Woelfer, Senior Vice President and Chief Operating Officer.</p>
<p>Thor Industries&#8217; independent dealers are facing elevated floor plan interest rates, which has suppressed their inventory <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">levels in the quarter under review.</a></p>
<p>North American Towable RV net sales were down 4.7%, North American Motorized RV net sales decreased 18.7%, and European RV net sales increased 7.4%.</p>
<p>The gross profit margin for the third quarter was 15.1%, which is an increase of 30 basis points year over year.</p>
<p>&#8220;Additionally, this summer, consistent with normal industry practice, we will introduce a new model year lineup,&#8221; said Bob Martin, President and CEO of Thor Industries.</p>
<p>&#8220;That optimism is based in the fundamentals of our business, our people, our long-term strategies and an undeniably robust interest in the RV lifestyle on a global basis,&#8221; added Martin.</p>
<p><strong>Outlook</strong>: Thor Industries lowered FY24 sales guidance from $10 billion-$10.5 billion to $9.8 billion-$10.1 billion,<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener"> compared to the $10.17 billion estimate.</a></p>
<p>Thor Industries lowered FY24 EPS guidance from $5.00 &#8211; $5.50 to $4.50 &#8211; $4.75 versus the $5.19 estimate.</p>
<p><strong>Price Action: </strong>THO shares are trading lower by 0.80% to $95.19 at last check Wednesday.</p>
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Equities

Guidance

General

Recreational Vehicles Maker Thor Industries Cuts FY24 Forecast Amid Industry Challenges, Stock Dips

THOR Industries Lowers FY24 EPS Guidance From $5.00 - $5.50 To $4.50 - $4.75 Vs. $5.19 Est.

THOR Industries Lowers FY24 Sales Guidance From $10B - $10.5B To $9.8B - $10.1B Vs. $10.17B Est.

<p>Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.80 by 18.33 percent. This is a 4.91 percent decrease over earnings of $2.24 per share from the same period last year.  The company reported quarterly sales of $2.80 billion which beat the analyst consensus estimate of $2.72 billion by 2.98 percent.  This is a 4.37 percent decrease over sales of $2.93 billion the same period last year.</p>


Earnings Beats

Thor Industries Q3 EPS $2.13 Beats $1.80 Estimate, Sales $2.80B Beat $2.72B Estimate

<p>During the last three months, 4 analysts shared their evaluations of Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $109.25, a high estimate of $122.00, and a low estimate of $95.00. Marking an increase of 3.8%, the current average surpasses the previous average price target of $105.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716555647_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Thor Industries. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$100.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>James Hardiman</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$122.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Thor Industries. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Thor Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Thor Industries's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Capture valuable insights into Thor Industries's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/THO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Thor Industries analyst ratings.</strong></a></p>
<h2>About Thor Industries</h2>
<p>Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.</p>
<h3>Breaking Down Thor Industries's Financial Performance</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Thor Industries's financials over 3 months reveals challenges. As of 31 January, 2024, the company experienced a decline of approximately <strong>-5.93%</strong> in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>0.33%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Thor Industries's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>0.18%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Thor Industries's ROA excels beyond industry benchmarks, reaching <strong>0.1%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Thor Industries's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.36</strong>.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Expert Ratings For Thor Industries

<p>Truist Securities  analyst Michael Swartz   maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Hold and lowers the price target from $105 to $100.</p>


Truist Securities Maintains Hold on Thor Industries, Lowers Price Target to $100

<div>Harbinger, a startup building medium-duty electric commercial vehicle chassis, announced Tuesday 4,000 vehicle pre-orders valued at more than $400 million. </div>

<p>Among companies ordering electric vehicle chassis from Harbinger is Bimbo Bakeries USA, the U.S. business unit of <strong>Grupo Bimbo</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmboy#OTC">BMBOY</a>), the world's largest baking company. Harbinger also received an order from <strong>Thor Industries</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>), one of the world's largest recreational vehicle manufacturers, the company said.</p>

<p>"While other new entrants struggle to fill their order pipelines, we have extensive pre-orders and backed-up demand for our medium-duty electric vehicles" John Harris, Harbinger's CEO, said in a news release. "We are laser focused on the medium-duty vehicle segment, where there is a huge variety of vehicles built on chassis like ours including walk-in vans, box trucks, recreational vehicles, delivery vans, school buses, emergency and disaster response vehicles and more."</p>

<p>Harbinger also announced it had closed an additional $13 million in Series A funds in the fourth quarter of 2023 from venture and strategic investors, including additional funding from the Coca-Cola System Sustainability Fund, managed by Greycroft.<br /><script type="text/javascript">
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<p>Previously, Harbinger announced it had raised $60 million in Series A funds, bringing the Series A total to $73 million. The electric chassis maker will use the additional funds to continue expanding its manufacturing capacity and launch commercial production by the end of the year.</p>

<p>Harbinger, founded in 2021, aims to disrupt and electrify the medium-duty commercial vehicle market in the Class 4 to 6 range.</p>

<p>The company has its headquarters and manufacturing operations in Garden Grove, California, about 30 miles south of Los Angeles. Harbinger currently employs 120 people.<br /><script type="text/javascript">
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<p>Harbinger assembles its electric vehicle stripped chassis, then sells them to a dealer or specialty upfitter, or directly to customers. From there, the dealer or customer works with a third party to upfit the chassis with a commercial or specialty body.</p>

<p>Harbinger's electric chassis includes an 800-volt liquid-cooled battery system, with capacity scalable in 35-kilowatt-hour increments up to 200 miles of range. The battery packs are designed for one-hour direct current fast-charging capability.</p>

<p>The majority of the vehicles in Harbinger's 4,000-unit order, including those for Bimbo Bakeries USA, are intended for upfit into walk-in vans.</p>

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<p>"Partnering with Harbinger to expand our robust fleet of alternatively fueled vehicles is an important step in reducing our carbon emissions and dependencies on fossil fuels" Christopher Wolfe, Bimbo Bakeries USA's senior director of sustainability, said in a statement.</p>

<p>Thor Industries and Bimbo Bakeries USA are not disclosing the number of chassis they have ordered, but "Bimbo has placed a substantial multi-year order" a spokesperson for Harbinger said.</p>

<p>Other firms making orders include Doggett Equipment Services Group (500 units); Campbell Supply (125 units); GATR Truck Center (500 units); Ethero Truck + Energy (200 units); Electric Commercial Vehicles (ECV), an affiliate of Smyrna Truck (50 units); and postal service operator Mail Management Services (40 units). </p>

<p>Officials for Campbell Supply said they have a backlog of orders for medium-duty vehicles. Iowa Falls, Iowa-based Campbell Supply is a commercial and emergency vehicle dealership serving the northeastern U.S. The company is one of Freightliner's largest dealers.</p>

<p>"Demand outstrips supply for the entire medium-duty category as we have a multi-year backlog for electric, diesel and gasoline vehicles" Scott Campbell, owner of Campbell Supply, said in a statement. "Electric vehicles have a big place in the market and that segment is only going to continue to grow."<br /><script type="text/javascript">
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<p>The post <a href="https://www.freightwaves.com/news/ev-startup-harbinger-snags-400m-in-commercial-vehicle-chassis-orders">EV startup Harbinger snags $400M in commercial vehicle chassis orders</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

BMBOY

EV Startup Harbinger Snags $400M in Commercial Vehicle Chassis Orders

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Shares of companies within the auto and auto components sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.

<p>Throughout the last three months, 4 analysts have evaluated Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $110.5, a high estimate of $122.00, and a low estimate of $95.00. This upward trend is apparent, with the current average reflecting a 7.28% increase from the previous average price target of $103.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710522038_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>A clear picture of Thor Industries's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Hardiman</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$122.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$96.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Thor Industries. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Thor Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Thor Industries's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Thor Industries's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/THO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Thor Industries analyst ratings.</strong></a></p>
<h2>About Thor Industries</h2>
<p>Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.</p>
<h3>Key Indicators: Thor Industries's Financial Health</h3>
<p><strong>Market Capitalization Analysis:</strong> Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Challenges:</strong> Thor Industries's revenue growth over 3 months faced difficulties. As of 31 January, 2024, the company experienced a decline of approximately <strong>-5.93%</strong>. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Thor Industries's net margin is impressive, surpassing industry averages. With a net margin of <strong>0.33%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>0.18%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Thor Industries's ROA excels beyond industry benchmarks, reaching <strong>0.1%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.36</strong>.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations For Thor Industries's Future

<p>Citigroup  analyst James Hardiman   upgrades Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) from Neutral to Buy and raises the price target from $111 to $122.</p>


Upgrades

Citigroup Upgrades Thor Industries to Buy, Raises Price Target to $122

<p>DA Davidson  analyst Brandon Rolle   maintains Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) with a Neutral and raises the price target from $90 to $95.</p>


DA Davidson Maintains Neutral on Thor Industries, Raises Price Target to $95

In a report released today, Noah Zatzkin from KeyBanc maintained a Hold rating on Thor Industries (THO – Research Report). The company's shares clo...

Thor Industries (THO) Receives a Hold from KeyBanc

Thor Industries: Stuck Between Hope And Reality

THOR Industries: Market Still Digesting Economics, Still Overvalued

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Thor Industries: The Best House On A Terrible Block

Northvolt to halt some battery production, cut jobs amid EV slump

BMO Capital analyst Tristan M. Thomas-Martin maintained a Buy rating on Thor Industries (THO – Research Report) today and set a price target of $12...

Thor Industries: Navigating Market Challenges with Resilience and Strategic Adaptability

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Dividends

Press Releases

THOR Industries Announces Regular Quarterly Dividend

THOR INDUSTRIES ANNOUNCES APPOINTMENT OF CHIEF HUMAN RESOURCES OFFICER

Management

THOR Industries, Inc. Names Jeffrey D. Lorenger to Its Board of Directors

THOR Industries Announces Date For Its Fiscal 2024 Second Quarter Earnings Release

THOR Industries Announces Second Quarter Fiscal 2024 Results

THOR Industries Announces Date For Its Fiscal 2024 Third Quarter Earnings Release

THOR Industries Announces Third Quarter Fiscal 2024 Results

THOR Industries Announces Date for Its Fiscal 2024 Fourth Quarter Earnings Release

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Faraday Future

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Thor Industries

Thor Industries (THO) Forecast

Thor Industries (NYSE:THO) Stock, Quote.Headers.trade-ideas