Thor Industries, Inc. (THO) To Go Ex-Dividend on October 27th

Thor Industries, Inc. (NYSE:THO) announced a quarterly dividend on Tuesday, October 13th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.54 per share by the RV manufacturer on Tuesday, November 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, October 27th. This is a 3.8% increase from Thor Industries’s previous quarterly dividend of $0.52.

Thor Industries has a dividend payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Thor Industries to earn $5.52 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 37.7%.

Thor Industries Stock Up 0.4%

THO opened at $65.48 on Thursday. The firm has a market cap of $3.38 billion, a P/E ratio of 19.31, a PEG ratio of 0.89 and a beta of 1.43. The business’s fifty day simple moving average is $73.41 and its 200 day simple moving average is $75.57. Thor Industries has a 52 week low of $62.83 and a 52 week high of $122.83. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO) last announced its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.17 billion. Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.36 EPS. As a group, equities research analysts anticipate that Thor Industries will post 4.09 EPS for the current fiscal year.

Thor Industries Company Profile

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor’s North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company’s other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.