Q3 2018 Earnings Estimate for Winnebago Industries, Inc. (WGO) Issued By Griffin Securities

Winnebago Industries, Inc. (NYSE:WGO) – Griffin Securities cut their Q3 2018 earnings per share estimates for shares of Winnebago Industries in a report issued on Wednesday, Zacks Investment Research reports. Griffin Securities analyst M. Ajzenman now forecasts that the construction company will post earnings of $0.80 per share for the quarter, down from their previous forecast of $0.81. Griffin Securities also issued estimates for Winnebago Industries’ FY2018 earnings at $2.82 EPS, Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.80 EPS, Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.08 EPS and FY2019 earnings at $3.70 EPS.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The firm’s revenue for the quarter was up 83.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks reiterated a “hold” rating and set a $52.00 target price on shares of Winnebago Industries in a research report on Thursday, December 21st. Robert W. Baird reiterated an “outperform” rating and set a $60.00 target price (up previously from $52.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 target price (up previously from $45.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Finally, Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Winnebago Industries currently has a consensus rating of “Buy” and an average target price of $52.17.

Winnebago Industries (NYSE:WGO) opened at $55.80 on Friday. The stock has a market capitalization of $1,770.00, a PE ratio of 22.87 and a beta of 2.08. Winnebago Industries has a 52-week low of $24.15 and a 52-week high of $58.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.88 and a quick ratio of 1.03.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders 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 is Tuesday, January 9th. Winnebago Industries’s payout ratio is 16.39%.

Winnebago Industries announced that its Board of Directors has approved a stock buyback program on Thursday, October 19th that permits the company to buyback $70.00 million in outstanding shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. NEXT Financial Group Inc purchased a new stake in shares of Winnebago Industries during the 3rd quarter worth approximately $124,000. SG Americas Securities LLC purchased a new stake in shares of Winnebago Industries during the 2nd quarter worth approximately $107,000. Pinebridge Investments L.P. boosted its stake in shares of Winnebago Industries by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after acquiring an additional 35 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Winnebago Industries by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after acquiring an additional 536 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Winnebago Industries during the 3rd quarter worth approximately $226,000. Institutional investors own 83.25% of the company’s stock.

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About Winnebago Industries

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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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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