|Bid||67.97 x 800|
|Ask||71.08 x 1000|
|Day's Range||67.91 - 70.79|
|52 Week Range||47.71 - 111.39|
|Beta (3Y Monthly)||2.21|
|PE Ratio (TTM)||15.95|
|Earnings Date||Jun 4, 2019 - Jun 10, 2019|
|Forward Dividend & Yield||1.56 (2.50%)|
|1y Target Est||78.80|
Thor Trucks announced it is changing its name to XOS on April 18 after settling a trademark infringement lawsuit with the maker of recreational vehicles with a similar name, Thor Industries Inc., in January. RV-maker Thor Industries has been in business for nearly 30 years. It filed a name infringement lawsuit against Thor Trucks in April 2018, stating the electric startup's use of the THOR name "has already resulted in multiple instances of actual confusion even in the short time that has elapsed since [Thor Trucks] unveiled its prototype," according to the complaint filed in the U.S. District Court for the Central District of California.
Today we are going to look at Thor Industries, Inc. (NYSE:THO) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how...
Thor Industries (NYSE:THO) has seen a wild ride over the last few years. THO stock had increased steadily from 2009 to early 2018. However, increased tariffs and rising interest rates hurt sales soon after, and THO plummeted.Source: Shutterstock Still, THO stock has recovered from the lows of Christmas week. Also, interest rates have again fallen, and the trade war with China may come to an end soon.At these levels, Thor Industries stock could present an opportunity as the company resumes its earnings growth.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off THO Stock and an Awful 2018Unlike its rival Winnebago (NYSE:WGO), the name Thor may not resonate with the American public. However, most Americans know its RVs. Thor produces the popular Airstream RV, as well as brands such as Heartland and Keystone. Thor manufactures these homes on wheels while independent dealers sell them to the public. They come in a motorized form or a towable version that can be pulled by a truck built by a company such as Ford (NYSE:F) or GM (NYSE:GM).THO stock benefitted from growth for most of the decade. For a brief time in early 2018, THO had risen above $155 per share. However, 2018 became its most challenging year since the 2008 financial crisis. During this time, Thor also acquired Europe's Erwin Hymer Group, making it the world's largest RV manufacturer. Still, this status did not head off the stock's decline.In 2018, net sales fell by more than 20%. The company blamed tariffs and higher interest rates for the drop off in sales. It also found itself temporarily paying a 55.7% effective tax rate, up from 31.4% the previous year. This devastated THO stock as it briefly lost more than two-thirds of its value by the week of Christmas. Business Conditions Are Improving for Thor IndustriesHowever, since hitting that low of $47.71 per share on Dec. 24, the stock has now risen to the $64 per share range. This means that THO currently trades at levels it saw in the 2014-15 timeframe.Today, THO benefits from improving business conditions. It expects its effective tax rate to fall to the 23-25% range this year. Also, the specter of tariffs gave way to new trade deals with Mexico and Canada last year. Once the Trump Administration comes to an agreement with China, Thor Industries and other manufacturers should gain more clarity on materials costs.Moreover, interest rates have fallen in recent months. The 10-year rate rose as high as 3.25% in November. Then, rates began a steep drop. Although they have risen in recent days, the current rate stands at around 2.5%. Both factors should increase the affordability of RVs. Value, Yields and THO StockThis affordability also extends to Thor Industries investors. Despite the recent increase in the stock price, the forward price-to-earnings (PE) ratio now stands at about 8.6. This comes in well below the average PE ratio of 15.4 over the last five years. It also comes thanks to improving profit growth. For 2020, Wall Street predicts earnings of $7.51 per share, a 39.3% increase from the predicted 2019 profit of $5.39 per share.Stockholders also benefit from the dividend. The current annual payout of $1.56 per share yields just over 2.4%, significantly higher than the S&P 500 average of 1.86%. Moreover, the company has hiked this payout every year since 2010. Hence, investors can expect a growing source of cash flow while they wait for Thor Industries stock to move back toward its 2018 highs. Final Thoughts on THO StockThe return to profit growth again makes Thor Industries stock a buy. The company faced a difficult 2018 as taxes, interest rates, and higher material costs weighed on the bottom line.Now, most of those roadblocks have reversed course. Due to the decline in 2018, THO trades at a single-digit forward PE ratio. Both that low multiple and the rising dividend could send Thor Industries stock higher as the company resumes its path to growth.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post After a Nasty Tumble Last Year, THO Stock Should Cruise Again appeared first on InvestorPlace.
Thor Industries Inc NYSE:THOView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for THO with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding THO are favorable with net inflows of $71.19 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The " Fast Money " traders shared their first moves for the market open.Pete Najarian was a buyer of JD.com JD .Tim Seymour was a buyer of Constellation Brands STZ .Dan Nathan was a buyer of Snap SNAP .
CINCINNATI, April 4, 2019 /PRNewswire/ -- Togo, part of TH2, a global technology-focused joint venture between U.S.-based Thor Industries (THO) and New Zealand-based thl, is collaborating with AT&T to offer exclusive 4G LTE connectivity to U.S. recreational vehicles. Togo Roadlink™ will bring the power of AT&T's 4G LTE network to RVers in the U.S. for any make, model, or year of recreational vehicle.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! If you are interested in cashing in on Thor Industries, Inc.'s (NYSE:THO) upcoming dividend of US$0.39 per share, you only ha...
Moody's Investors Service ("Moody's") affirmed ratings for Thor Industries, Inc. ("Thor"), including the Ba2 Corporate Family Rating (CFR), the Ba2-PD Probability of Default Rating and the Ba2 senior secured rating. This will lead to further topline and earnings pressures, a weaker set of credit metrics, and more elevated financial leverage. The rating favorably considers Thor's strong competitive standing in North America and Europe, a portfolio of well-known brands, and the company's broad RV offering that touches multiple price points and segments.
Thor Industries, Inc. (NYSE:THO) shareholders should be happy to see the share price up 17% in the last quarter. But that doesn't change the reality of under-performance over the lastRead More...
Thor (THO) reports lower-than-expected fiscal Q2 earnings, given higher tax rate, lower unit sales and increased discount level.
sagged 3.24% to $62.49 Wednesday after the recreational vehicle manufacturer missed Wall Street's second-quarter earnings and revenue expectations and warned of challenges for the rest of the year. Thor Industries posted a net loss of $5.4 million or 10 cents a share, reflecting acquisition-related costs totaling $42.1 million, or 75 cents a share. Revenue was $1.29 billion, short of Wall Street's forecast of $1.62 billion.
Check out the companies making headlines midday Wednesday:General Electric GE — Shares of the global industrial company fell 7.9 percent Wednesday, adding to Tuesday's losses after issuing a gloomy outlook in 2019.
Check out the companies making headlines before the bell:General Electric GE — Bank of America/Merrill Lynch cut its price target on GE to $12 per share from $13 a share after GE CEO Larry Culp said the company's industrial cash flow would be negative this year.
- Acquisition of Erwin Hymer Group (EHG) completed immediately after the end of the second quarter, providing considerable opportunities for long-term global growth - Second-quarter results reflect acquisition-related ...
Thor Industries (NYSE: THO ) unveils its next round of earnings this Wednesday, Mar. 6. Get prepared with Benzinga's ultimate preview for the Q2 earnings. Earnings and Revenue Thor Industries EPS will ...