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Wednesday, October 28, 2020

Is Now the Time to Invest in Thor Industries Inc. (NYSE:THO)?

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Thor Industries Inc. (THO) shares are trading at higher $95.26 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $118.13.

To add more color to this target, the company’s high over the last year is $121.33 and the low is $32.30. Over the last 52 weeks, THO is up 68.42% while the S&P 500 is up 14.20%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, THO reported a profit of $347.36 million. Thor Industries Inc. also saw revenues increase to $2.32 billion. In addition, THO has free cash flow of $434.24 million as of 07-2020. The company’s EBITDA came in at $211.81 million which compares well with its peers.

THO booked profit margins of 2.40%, its Return on Equity (ROE) is 9.30%, and its Return on Assets is 3.50%. All told, it is clear that, THO needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. THO has a short ratio of 7.02 and outstanding shares of 55.20M.

Company Outlook

THO has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 3.54. Thor Industries Inc. THO also noted assets of $5.77 billion at the end of the last quarter. Investors should also keep an eye on sector updates as THO has historically followed its peers on positive news.

All told, Thor Industries Inc. THO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, THO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Thor Industries Inc. THO is now commanding a market cap of 5.19B and a float of 52.99M. THO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of THO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in THO, either long or short, and we have not been compensated for this article.

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