Winnebago Industries (NYSE:WGO) posted its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05, Bloomberg Earnings reports. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $387.12 million. During the same quarter in the previous year, the business earned $0.42 EPS. Winnebago Industries’s revenue was up 83.4% compared to the same quarter last year.
Shares of Winnebago Industries (NYSE:WGO) traded down $1.20 during trading hours on Friday, reaching $55.80. The company had a trading volume of 582,173 shares, compared to its average volume of 586,776. Winnebago Industries has a 12 month low of $24.15 and a 12 month high of $58.65. The firm has a market cap of $1,770.00, a price-to-earnings ratio of 22.87 and a beta of 2.08. The company has a quick ratio of 1.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.59.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, January 9th. Winnebago Industries’s dividend payout ratio is currently 16.39%.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Robert W. Baird reiterated an “outperform” rating and issued a $60.00 target price (up from $52.00) on shares of Winnebago Industries in a report on Thursday, December 21st. SunTrust Banks reiterated a “hold” rating and issued a $52.00 target price on shares of Winnebago Industries in a report on Thursday, December 21st. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price target (up from $45.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Finally, ValuEngine raised Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $52.17.
Winnebago Industries declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 19th that allows the company to buyback $70.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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