Latest news with #ThorIndustries
Business Insider
10 hours ago
- Business
- Business Insider
Analysts Offer Insights on Consumer Cyclical Companies: Mercadolibre (MELI) and Thor Industries (THO)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Mercadolibre (MELI – Research Report) and Thor Industries (THO – Research Report). Confident Investing Starts Here: Mercadolibre (MELI) In a report issued on June 6, Andrew R. Ruben from Morgan Stanley maintained a Buy rating on Mercadolibre, with a price target of $2850.00. The company's shares closed last Friday at $2482.39. Ruben has an average return of 26.1% when recommending Mercadolibre. According to Ruben is ranked #1095 out of 9627 analysts. Currently, the analyst consensus on Mercadolibre is a Strong Buy with an average price target of $2889.58, a 13.8% upside from current levels. In a report issued on May 29, Bank of America Securities also maintained a Buy rating on the stock with a $3000.00 price target. Roth MKM analyst Scott Stember maintained a Hold rating on Thor Industries today and set a price target of $77.00. The company's shares closed last Friday at $86.56. According to Stember is a 4-star analyst with an average return of 8.4% and a 59.0% success rate. Stember covers the NA sector, focusing on stocks such as Standard Motor Products, Camping World Holdings, and Winnebago Industries. Currently, the analyst consensus on Thor Industries is a Hold with an average price target of $89.20, implying a 2.8% upside from current levels. In a report issued on June 5, Truist Financial also maintained a Hold rating on the stock with a $86.00 price target.
Yahoo
5 days ago
- Business
- Yahoo
THOR Industries (NYSE:THO) Reports Upbeat Q1, Stock Jumps 13%
RV manufacturer Thor Industries (NYSE:THO) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 3.3% year on year to $2.89 billion. Its GAAP profit of $2.53 per share was 40.7% above analysts' consensus estimates. Is now the time to buy THOR Industries? Find out in our full research report. Revenue: $2.89 billion vs analyst estimates of $2.63 billion (3.3% year-on-year growth, 10.1% beat) EPS (GAAP): $2.53 vs analyst estimates of $1.80 (40.7% beat) Adjusted EBITDA: $254.8 million vs analyst estimates of $212.7 million (8.8% margin, 19.8% beat) Operating Margin: 7.1%, up from 5.8% in the same quarter last year Market Capitalization: $4.38 billion 'Our third quarter results exceeded our expectations on both the top and bottom lines. The successful execution of key strategic initiatives, in particular placing further emphasis on driving down our cost profile, led to improved margins in an environment where we saw modest year-over-year top-line improvement. THOR's operating model, particularly within North America, is designed to ramp upward and downward in an incredibly efficient manner, and our performance in the fiscal third quarter exhibited the strength and flexibility of this operating model. We are incredibly proud of our hard-working team members as they continue to execute to plan in the face of numerous challenging market conditions as we navigate through this prolonged industry downturn together. Our third quarter performance exemplifies what makes THOR the market leader. History has proven THOR's ability to weather difficult macroeconomic circumstances and to come back stronger when market conditions improve. While the current level of uncertainty is unprecedented, and we believe the next two fiscal quarters will be challenging for the RV industry as a whole, we are very pleased that our efforts are starting to move the needle,' stated Bob Martin, President and Chief Executive Officer of THOR Industries. Created through the acquisition and merger of various RV manufacturers, THOR Industries manufactures and sells a range of recreational vehicles, including motorhomes and travel trailers, catering to consumers seeking the freedom and comfort of the RV lifestyle. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Over the last five years, THOR Industries grew its sales at a sluggish 3.3% compounded annual growth rate. This fell short of our benchmark for the industrials sector and is a poor baseline for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. THOR Industries's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 11.4% annually. This quarter, THOR Industries reported modest year-on-year revenue growth of 3.3% but beat Wall Street's estimates by 10.1%. Looking ahead, sell-side analysts expect revenue to grow 1.6% over the next 12 months. Although this projection implies its newer products and services will spur better top-line performance, it is still below the sector average. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. THOR Industries was profitable over the last five years but held back by its large cost base. Its average operating margin of 6.5% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point. Looking at the trend in its profitability, THOR Industries's operating margin decreased by 3.1 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. THOR Industries's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. In Q1, THOR Industries generated an operating margin profit margin of 7.1%, up 1.3 percentage points year on year. The increase was encouraging, and because its operating margin rose more than its gross margin, we can infer it was more efficient with expenses such as marketing, R&D, and administrative overhead. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. THOR Industries's weak 3.3% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For THOR Industries, its two-year annual EPS declines of 36.8% show it's continued to underperform. These results were bad no matter how you slice the data. In Q1, THOR Industries reported EPS at $2.53, up from $2.13 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects THOR Industries's full-year EPS of $4.17 to grow 14.7%. We were impressed by how significantly THOR Industries blew past analysts' revenue, EPS, and EBITDA expectations this quarter. Zooming out, we think this was a solid print. The stock traded up 13% to $93 immediately following the results. THOR Industries had an encouraging quarter, but one earnings result doesn't necessarily make the stock a buy. Let's see if this is a good investment. If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Recreational Vehicle Maker Thor's European Sales Hit By Dip, Cautions On Macro Outlook
Thor Industries, Inc. (NYSE:THO) shares are trading higher on Wednesday after the company reported third-quarter EPS of $2.53 beating the street consensus of $1.83. Quarterly sales of $2.89 billion, up 3.3% year over year (Y/Y), outpaced the analyst consensus estimate of $2.48 billion. Gross profit margin in the quarter under review expanded by 20 basis points year over year to 15.3%.Adjusted EBITDA increased 7.9% Y/Y to $254.8 million in the quarter. North American Towable Recreational Vehicle (RV) net sales increased 9.1% Y/Y, while North American Motorized RV net sales rose 3.1% Y/Y in the quarter. North American Towable RV net sales benefitted from 5.5% higher unit shipments and a 3.6% increase in net price per unit. Gross profit margin improved 200 basis points to 14.9%, attributed to higher sales, less discounting, better warranty costs, and ongoing savings. North American Motorized RV net sales increased due to a 10.9% rise in unit shipments (partly from promotions), though a 7.8% decrease in net price per unit (due to product mix shift and higher discounting) partially offset this. Gross profit margin fell to 10.5% from 11.1%, primarily owing to increased sales discounting. As of April 30, the order backlog for North American Towable RV stood at $634.3 million (-14.4%) and North American Motorized RV came in at $883.7 million (-4.5%). European RV net sales decreased 5.1% Y/Y for the quarter, led by a 12.2% decrease in unit shipments, which was offset in part by a 7.1% Y/Y increase in the overall net price per unit. European RV net sales fell due to a 12.2% drop in unit shipments, partially offset by a 7.1% increase in net price per unit. The price increase included a 6.8% rise from product mix and pricing changes, plus a 0.3% benefit from foreign currency exchange rates. European RV gross profit margin contracted 130 basis points to 16.2% on increased sales discounting. As of April 30, the order backlog for European RV came in at $1.34 billion (-30.6%). The company exited the quarter with cash and cash equivalents worth $508.3 million, with net inventories worth $1.35 billion. Long-term debt (net) at the end of the quarter stood at $1.01 billion. Todd Woelfer, senior VP and COO, said, 'As we anticipated and messaged at the beginning of our fiscal year, our North American Motorized and European segments have both seen year-over-year declines in gross margin but still achieved resilient results considering the challenging environments facing those segments.' 'While our consolidated margin this quarter was unfavorably impacted by actions we took to deepen our partnerships with key dealers, strategically, deepening these key relationships is vital to our long-term market position and these decisions favorably position THOR for the future as we look ahead,' Thor Industries reaffirmed its FY25 EPS guidance of $3.30 to $4.00 compared to analyst estimates of $3.59. The company also maintained its FY25 sales guidance at $9.00 billion to $9.50 billion versus the analyst estimate of $9.25 billion. Bob Martin, president and CEO, added, 'Our financial guidance assumed a stronger second half of our fiscal year, and our fiscal third quarter performance reflects the value of our strategies in the currently difficult market.' 'We expect the fourth quarter of our fiscal 2025 and the first quarter of our fiscal 2026 to be challenging. The current economic uncertainty has led to downward pressure on consumer confidence and has negatively impacted retail pull-through. We believe that upon the resolution of this uncertainty, we will see improved consumer confidence and the return of a strong retail environment,' he added. Year-to-date, the stock has declined around 11%. The short float for Thor Industries is 18.33%, according to data from Benzinga Pro. Price Action: THO shares are trading higher by 3.44% to $85.25 at last check Wednesday. Read Next:Image by Michael Gordon via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? THOR INDUSTRIES (THO): Free Stock Analysis Report This article Recreational Vehicle Maker Thor's European Sales Hit By Dip, Cautions On Macro Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Thor Industries (THO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Thor Industries (THO) reported $2.89 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 3.4%. EPS of $2.53 for the same period compares to $2.13 a year ago. The reported revenue represents a surprise of +10.71% over the Zacks Consensus Estimate of $2.61 billion. With the consensus EPS estimate being $1.79, the EPS surprise was +41.34%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Thor Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Units sales - Recreation Vehicles - European: 13,495 compared to the 13,054 average estimate based on four analysts. Units sales - Recreational Vehicles - North American Towable: 36,077 versus 36,196 estimated by four analysts on average. Units sales - Total: 55,079 versus the four-analyst average estimate of 53,379. Units sales - Total recreation Vehicles (Total North America): 41,584 versus the four-analyst average estimate of 40,324. Units sales - Recreational Vehicles - North American Motorized: 5,507 compared to the 4,128 average estimate based on four analysts. Net Sales- Recreational Vehicles- European: $883.54 million versus $829.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.1% change. Net Sales- Recreational Vehicles- Total North America: $1.84 billion compared to the $1.59 billion average estimate based on five analysts. The reported number represents a change of +6.8% year over year. Net Sales- Recreational Vehicles- North American Towable: $1.17 billion compared to the $1.04 billion average estimate based on five analysts. The reported number represents a change of +9.1% year over year. Net Sales- Total Recreational Vehicles: $2.72 billion compared to the $2.42 billion average estimate based on five analysts. The reported number represents a change of +2.6% year over year. Net Sales- Recreational Vehicles- North American Motorized: $666.69 million versus $547.85 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change. Net Sales- Intercompany eliminations: -$82.72 million versus -$61.44 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.2% change. Net Sales- Other: $258.43 million compared to the $225.68 million average estimate based on three analysts. The reported number represents a change of +19.5% year over year. View all Key Company Metrics for Thor Industries here>>>Shares of Thor Industries have returned +11% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thor Industries, Inc. (THO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
5 days ago
- Business
- Yahoo
RV Maker Thor Industries Tops Estimates on North America Sales, Cost Controls
Thor Industries exceeded earnings and revenue forecasts as North American sales increased and it contained expenses. The recreational vehicle maker's product offerings, price, and promotions helped lift performance. Thor Industries affirmed its full-year of Thor Industries (THO) surged Wednesday after the recreational vehicle (RV) manufacturer reported better-than-expected results as North American demand and its efforts to reduce expenses boosted performance. The maker of Airstream and Jayco RVs posted fiscal 2025 third-quarter earnings per share (EPS) of $2.53 on revenue that rose 3% to $2.89 billion. Analysts surveyed by Visible Alpha expected $1.79 and $2.63 billion, respectively. North American Towable RV sales increased 9% to $1.17 billion, with units shipped growing 5.5% to 36,077. The company credits the gain on a 4% rise in net price per unit because of a greater proportion of fifth wheel units in its product mix. North American Motorized RV sales were 3% higher to $666.7 million, with units shipped jumping 11% to 5,507, driven by promotional activities. CEO Bob Martin said the company's "successful execution of key strategic initiatives, in particular placing further emphasis on driving down our cost profile, led to improved margins in an environment where we saw modest year-over-year top-line improvement." COO Todd Woelfer explained that Thor has taken "significant restructuring steps," and that those "will further optimize our enterprise structure and drive meaningful savings as the Company works to reduce its cost footprint." Woelfer added that while the company affirmed its full-year outlook, it recognizes "that potential swings from uncertainties in the macro environment could be significant," including the impact of tariffs. Woelfer noted that the guidance assumes "no new material shifts within the macro or global trade environment." Thor sees 2025 EPS of $3.30 to $4.00, and revenue of $9.0 billion to $9.5 billion. Despite today's 5% advance, Thor Industries shares are down nearly 10% year-to-date. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
