Thor Industries, Inc’s (NYSE:THO) stock tumbled on Friday after the bus and camper maker corporation announced a smaller-than-anticipated profit in its Q3.
The Jackson Center, Ohio based Thor Industries reported that it made 78 cents a share in earnings over the quarter finished April 30 fell short of the 80 cents a share analysts forecasts. The company announced that sales of RVs and buses both climbed 9% evaluated against previous year.
The company announced that overall sales moved up 9% to $926.5 million but mentioned elevated RV promotional environment has dissatisfied further margin increase.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Winnebago Industries, Inc. (NYSE:WGO) increased +1.35% to settle at $8.99, Skyline Corporation (NYSE:SKY) moved up +0.23% to end at $4.36 while Navistar International Corp (NYSE:NAV) jumped +17.63% to finish on Friday at $28.36.
Thor Industries, Inc. (NYSE:THO) last session volume of 844,448.00 shares was surprisingly higher than its average volume of 620,382.00 shares. The stock after opening at $29.23 hit high price of $29.60 and then closed at $29.46 by scoring -2.42%.
The liquidity measure in recent quarter results of the company was recorded 2.07 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $147.99 million and a book value per share as $15.39 in the most recent quarter.
The stock price volatility was 3.90% for a week and 3.32% for a month as well as price volatility’s Average True Range for 14 days was 1.23 and its beta remained 1.99.
THO generated revenue of 2.89 billion in the following twelve months and earned $112.94 million. The Company showed a positive 3.90% in the net profit margin and as well as in its operating margin which remained 5.79%. Company’s annual sales growth for the past five year was -2.11%.
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