Thor Industries, Inc. (THO) is gearing up to unveil its financial performance for the fiscal 2024 fourth quarter before the market bell rings on Tuesday, September 24. Wall Street analysts are anticipating a positive report, with estimates pointing to earnings of $4.83 per share, a notable increase from the $4.55 per share recorded in the same period last year. Based on data from Benzinga Pro, Thor Industries projects revenue of $21.99 billion for the quarter.
In a recent announcement on June 19, THOR Industries revealed that its Board of Directors approved the distribution of a regular quarterly cash dividend of 48 cents per share. Thor Industries shares experienced a slight dip of 0.5% on Wednesday, closing at $188.43.
To provide further context, let’s delve into the latest analyst ratings for THO. BMO Capital analyst Tristan Thomas-Martin maintained an Outperform rating with a price target of $120 on September 19. This analyst has an accuracy rate of 60%. Meanwhile, Citigroup analyst James Hardiman kept a Buy rating but reduced the price target from $120 to $113 on June 7. This analyst boasts an accuracy rate of 68%.
Truist Securities analyst Michael Swartz opted for a Hold rating while trimming the price target from $100 to $95 on June 6. This analyst has an accuracy rate of 70%. Lastly, Baird analyst Craig Kennison maintained an Outperform rating but slashed the price target from $120 to $110 on June 6. This analyst exhibits an accuracy rate of 67%.
As investors contemplate the potential of THO stock, insights from seasoned analysts offer valuable guidance.
