Revenue Update on Thor Industries(NYSE:THO)

Thor Industries(NYSE:THO) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jun 6, 2016. Company reported revenue of $1.28B. Analysts estimated a revenue of $1.29B. Earnings per share were $1.51. Analysts had estimated an EPS of $1.43.

In a different note, On Mar 24, 2016, Citigroup said it Maintains its rating on Thor Industries. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm.

Thor Industries (THO) shares turned negative on Fridays trading session with the shares closing down -1.13 points or -1.67% at a volume of 4,94,077. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.97. The peak price level was also seen at $67.97 while the days lowest was $66.49. Finally the shares closed at $66.59. The 52-week high of the shares is $69.76 while the 52-week low is $47.56. According to the latest information available, the market cap of the company is $3,495 M.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Peter Busch Orthwein (Exec. Chairman of the Board) sold 8,625 shares at $58.01 per share price.

Thor Industries Inc. (Thor) manufactures and sells various recreational vehicles (RV) throughout the United States and Canada as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels. In addition it also produces truck and folding campers and equestrian and other specialty towable recreational vehicles as well as Class A Class C and Class B motorhomes. The Company operates through two segments: towable recreational vehicles and motorized recreational vehicles. The Company through its operating subsidiaries manufactures recreational vehicles in North America. The subsidiaries are Airstream Inc. CrossRoads RV Thor Motor Coach Inc. Keystone RV Company Heartland Recreational Vehicles LLC Livin’ Lite RV Inc. Bison Coach K.Z. Inc. and Postle Operating LLC.

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