NEW YORK (TheStreet) -- Shares of Thor Industries (THO) - Get Report were advancing in after-hours trading on Monday after the company posted better-than-anticipated results for the 2016 fiscal fourth quarter.
After today's closing bell, the Elkhart, IN-based maker of recreational vehicles reported earnings of $1.57 per diluted share, surpassing analysts' estimates of $1.33 per share.
Revenue came in at $1.29 billion for the quarter, above Wall Street's forecasts of $1.27 billion.
Gross profit margins increased to 17.3% during the period compared to growth of 16.2% a year ago due primarily to improved volumes and favorable changes in product mix, the company said.
"During the fourth quarter, we saw continued year-over-year industry growth in most product categories and were able to capitalize on opportunities to expand our production capacity and output to meet the growing demand for affordably priced travel trailers and motorhomes," CEO Bob Martin said in a statement.
Thor sees double-digit revenue growth in fiscal 2017.
About 1.23 million of the company's shares changed hands today vs. its average volume of 558,192 shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A+ on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: THO