Thor Industries (NYSE:THO) Receives a Downgrade
The Equity Rating of Thor Industries (NYSE:THO) rating was lowered by investment analysts at Gabelli & Co from the previous “Buy” rating to a “Hold” rating in an interesting research report distributed on 2 December.
From a total of 7 analysts covering Thor Industries Inc (NYSE:THO) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 73% of the ratings are positive. Thor Industries Inc was the topic of 2 analyst reports since September 29, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on October 2 with “Buy” rating.
The stock closed the day at $60.44 during the previous session. It is down 1.45% since April 29, 2015 and is downtrending. It has underperformed by 1.25% the S&P500.
Analysts await Thor Industries, Inc. (NYSE:THO) to reports earnings on December, 7. They expect $0.84 earnings per share, up 15.07% or $0.11 from last year’s $0.73 per share. THO’s profit will be $44.06 million for 17.99 P/E if the $0.84 EPS becomes reality. After $1.31 actual earnings per share reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts -35.88% negative EPS growth.
Thor Industries, Inc. , manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The company has a market cap of $3.17 billion. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels. It has 15 P/E ratio. 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.
According to Zacks Investment Research, “Thor Industries manufactures a wide range of recreational vehicles (RVs) at various manufacturing facilities located in Indiana and Ohio and sold through independent dealers in the U.S. and Canada.” Get a free copy of the Zacks research report on Thor Industries, Inc. (THO).