Commodity Channel Index
|Bid||87.38 x 1200|
|Ask||87.71 x 1300|
|Day's Range||85.33 - 88.09|
|52 Week Range||32.30 - 89.45|
|Beta (5Y Monthly)||2.51|
|PE Ratio (TTM)||23.57|
|Earnings Date||Jun 08, 2020|
|Forward Dividend & Yield||1.60 (1.86%)|
|Ex-Dividend Date||Apr 01, 2020|
|1y Target Est||54.43|
Thor Industries (NYSE: THO) today provided a number of operational updates in conjunction with the official start of the North America summer camping and RV travel season. As the RV industry leader, with production facilities in Indiana, Ohio, Michigan, Idaho, Oregon, Germany, Italy, the UK and France, one of Thor's primary objectives is to help people safely enjoy the outdoors in a sustainable way, while creating unique and lasting memories with family and friends.
Thor Industries, Inc. (NYSE: THO) today announced that the date for its fiscal third quarter earnings release will be Monday, June 8, 2020, before the market opens.
Thor Industries (NYSE:THO) announced it has published the RV industry's first comprehensive report detailing North American RV consumer travel and purchase intent since the onset of the coronavirus pandemic. As the global RV leader, Thor conducted the survey to support their dealer partners and help gain a better understanding of consumer sentiment.
Shares of Camping World Holdings (NYSE: CWH), Winnebago Industries (NYSE: WGO), and Thor Industries (NYSE: THO), various manufacturers and retailers within the recreational vehicle industry, all jumped at least 9% higher Monday after a couple of positive developments sent markets higher. Federal Reserve Chairman Jerome Powell boosted investor confidence when he commented on CBS's 60 Minutes that, "There's a lot more we can do," and that the Fed had plenty more ammunition if needed.
Every day of this week, Thor Industries (NYSE: THO) stock has climbed a little bit higher, before finally zooming ahead 11.5% in Friday trading (as of 12:30 p.m. EDT). Success, it seems, begets success, and after Thor announced on Monday that it has reopened its North American assembly operations, investors have been rewarding Thor stock day after day in hopes that things will soon get back to "normal" for the Elkhart, Indiana-based RV manufacturer. As the investor resource explains, "When building your watch list, [you should] look for stocks with an 80 or higher RS Rating [and] Thor Industries ... now meets that criteria, with an increase from 77 to 84 Friday."
Thor Industries (NYSE: THO) announced that its North American operating companies reopened their assembly operations today.
This Earth Day, THOR Industries (NYSE:THO), the world's largest manufacturers of RVs, is asking campers, RVers and outdoor lovers alike to join in the pledge to Pick Up America.
Thor Industries (NYSE: THO) today provided an update on global operations, market conditions, community support and go-forward strategies for employee safety. The RV industry leader, with production facilities in Indiana, Ohio, Michigan, Idaho, Oregon, Germany, Italy, the UK and France, is looking forward to continuing to help people enjoy the outdoors, when it is safe to do so.
Thor Industries, Inc. (NYSE: THO) today announced that the Company has implemented a combination of pay reductions and furloughs as it manages through the COVID-19 pandemic.
All four locally based stocks that trade regularly on an exchange posted gains by the end of the trading session Monday.
Since last week, a bevy of other companies and universities have announced plans to assist Miami Valley hospitals.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
All four Dayton stocks that trade regularly on an exchange fared worse than the broad market by mid-afternoon Wednesday.
As communities across the country continue to grapple with the growing pandemic, many of the RV brands owned by THOR Industries (NYSE:THO) are stepping up to support healthcare workers with critical supplies and mobile units to fight the spread of the virus.
Moody's Investors Service ("Moody's") downgraded its ratings for Thor Industries, Inc. ("Thor"), including the company's corporate family rating (CFR; to B1 from Ba3) and probability of default rating (to B1-PD from Ba3-PD), and the rating on the company's senior secured term loan (to B2 from Ba3). The speculative grade liquidity (SGL) rating was downgraded to SGL-2 from SGL-1. The ratings outlook is negative.
Markets rebounded aggressively Tuesday on hopes that Congress would finalize an estimated $2 trillion stimulus plan to stabilize the U.S. economy amid the novel coronavirus (COVID-19) pandemic.
Thor Industries Inc. (NYSE:THO) has temporarily suspended all production in North America amid the spread of the novel coronavirus (COVID-19) — a move that could impact many of the company's nearly 1,000 local employees. The RV manufacturer, which owns Shelby County-based Airstream, announced the decision Monday, citing statewide emergency declarations in states like Indiana and Ohio, where much of its manufacturing activity takes place. Related: Ohio orders residents to stay at home; closes 'nonessential' businesses Affected employees include production workers in Ohio, Indiana, Michigan, Idaho and Oregon; as well as "a substantial portion" of production in Europe.
Shares of Thor Industries Inc. on Monday announced the temporary suspension of all production of its recreational vehicles in North America, and a temporary halt to a portion of production in Europe because of the coronavirus pandemic. Shares of Thor are down 40% in the last year. The broader S&P 500 index is down 20% in the last year.
Thor Industries, Inc. (NYSE: THO) today provided an operations update in response to the evolving conditions relating to the coronavirus (COVID-19) pandemic.
Even if it's not a huge purchase, we think it was good to see that Jan Suwinski, the Independent Director of Thor...
Thor Industries, Inc. (NYSE: THO) today announced that its Board of Directors approved, at their March 19, 2020 meeting, the payment of a regular quarterly cash dividend of $0.40 per share.
Auto maker Thor Industries (NYSE: THO) that has reported earnings for its fiscal 2020 second quarter before the opening bell on Monday. Over the last four quarters, the company has surpassed consensus EPS estimates two times but this wasn't the case with its latest earnings. Earnings have lagged Wall Street estimates and only exacerbated the effects of a broad-based market sell-off, causing shares to hammer.Quarter Earnings: Just one quarter ago, the RV maker surprised analysts by surpassing earnings of $1.23 per share by delivering $1.50. But this time round, Zacks Consensus estimate was $0.76 per share, Thomson Reuters analysts were even more sceptic as they had expected adjusted earrings of $0.70 per share and yet Thor managed to generate adjusted earnings per share of $0.67 in the quarter that ended on Jan. 31, up a bit from a year ago but short of Wall Street's expectations.The news wasn't all bad, though. Revenues of $2 billion for the quarter ended January 2020, surpassed the Zacks Consensus Estimate by 11.83% and other Wall Street expectations of $1.82 billion. This compares to year-ago revenues of $1.29 billion. The company has topped consensus revenue estimates just once over the last four quarters.Moreover, sales in North America improved 5.9% year over year, driving gains to gross margins, while dealer inventories were successfully reduced 16.5% and reached healthy levels.Coronavirus CEO Bob Martin is optimistic about this year's peak selling season, but only when putting aside the uncertainties created by the Coronavirus so not all is bright. Although the company was not forced to reduce or shut down production due to shortages of parts from the lockdown areas, investors should be aware that a virus-induced recession could still create a severe blow. But until now, the company hasn't yet seen any reductions in orders from dealers. Its shares have lost about 5.7% since the beginning of the year which is better than S&P 500's loss of 8%.Things get worse if we look at the last 30 days during which they dived 37%. And even longer term holders were hit already last year as the stock lost 21% . So we admit, these do seem more like Marvel's Thor events - but "The Dark World" one.... Let's hope that this Thor can also have its superhero ending!Industry And Competitors Thor Industries's P/E is 16.40 and that is fairly close for the average for the auto industry, which is 16.4. So other than expecting it to move in line with industry trends, we must not forget that the recreational vehicle (RV) industry is extremely sensitive to overall strength of the economy, simply because buying an RV is a large discretionary purchase for the majority of customers.The RV industry already took a massive hit during the 2008 recession but has recovered and even enjoyed exponential growth since then. It was helped by a strengthening economy and the fact this sort of lifestyle appealed to the millennials who are more into experiences than diamonds. Total RV shipments surged around 192% from 2009 to 2018 timeframe but this positive trend ended last year.Things did appear to be a little encouraging as we headed into 2020 as we expected to witness a much lower year-over-year decline due to an improving U.S. economic growth and the easing of US-China trade wars. And both of the world's two largest economies were doing better in terms of business growth. And technologies such as solar technology used by Franchise Holdings International's Worksport (OTC: FNHI) that it incorporated in its tonneau covers for pickup trucks and similar patents can surely enhance this growth further as well as we move to a carbon free, automated and electric future.The question is- how much of a blow can the COVID-19 make, especially considering that the peak of pandemics is yet to come.Meanwhile, Winnebago Industries Inc (NYSE: WGO) seems more than well-positioned to maintain its earnings-beat streak in its upcoming report as it recorded a strong streak of surpassing earnings estimates in its last two reports.Outlook Thor Industries will surely continue to give us a lot of insight into the state of the consumer as their inventories tend to balloon when people are scared to death- and this is surely one of the effects of COVID-19. Thor's P/E ratio suggests that its shareholders believe that the company will perform about the same as other companies in its industry. But people often underestimate remarkable growth -- so investors can make money when fast growth is not fully appreciated. RV sales have slowed, no arguing there but they are still quite strong.The industry has a shot as millennials are willing to spend on experiences that RVs are able to deliver. So if the economy recovers quickly from this black swan event, RV sales can surely get a boost, thereby enhancing the performance of stocks within the industry. Moreover, people will surely be more inclined to travel at the comfort of their RV than pass through airports and train stations wearing masks and hoping for the best - as long as there's no need for cities being on lockdown. So here's to hoping that COVID19 won't continue being that brutal.This Publication is contributed by IAMNewswire.comPress Releases - If you are looking for full Press release distribution contact: email@example.comContributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: firstname.lastname@example.orgCopyright (C) 2019 Benzinga (BZ Newswire, http://www.benzinga.com/licensing).Benzinga does not provide investmentadvice. All rights reserved.Write to email@example.com with any questions about this content.Subscribe to Benzinga Pro (http://pro.benzinga.com).Image by Siggy Nowak from PixabaySee more from Benzinga * E-Commerce Is Among The Lucky Ones With The Tools To Amortize The Coronavirus Blow * Only Technology Can Save And Lead The Automotive Industry Forward * Coronavirus – Another Severe Hit To The Automotive Industry(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Unfortunately for some shareholders, the Thor Industries (NYSE:THO) share price has dived 37% in the last thirty days...