4 Ex-Dividend Stocks With Buy Ratings
The recreational vehicle company reported on March 8 second-quarter earnings of $13.7 million, or 25 cents a share, up from year-earlier earnings of $5.7 million, or 10 cents.
"Thor enjoys the market leading position in an RV industry which is now seeing an encouraging improvement in sales trends," Wedbush analysts wrote in a March 9 report. "However, the company has faced slight market share declines and heightened competitive promotional spending in recent months; thus, we believe shares of THO should trade at a 10% discount to the peer group average EV/2012E EBITDA ratio of 8.5x."
Forward Annual Dividend Yield: 1.9%
Rated "B (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin increased from the previous year.
Thor Industries has average liquidity. Its Quick Ratio is 1.21, which shows the company can technically meet its short-term cash needs.
In the second quarter, stockholders' net worth increased 1.38% from the prior year.
TheStreet Ratings' price target is $35.19.
-- Written by Alexandra Zendrian
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