Equities analysts expect that Winnebago Industries, Inc. (NYSE:WGO) will announce sales of $430.69 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $482.60 million and the lowest estimate coming in at $401.57 million. Winnebago Industries posted sales of $370.51 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 28th.
On average, analysts expect that Winnebago Industries will report full year sales of $430.69 million for the current financial year, with estimates ranging from $1.86 billion to $1.99 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.05 billion per share, with estimates ranging from $1.92 billion to $2.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Winnebago Industries.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Winnebago Industries had a return on equity of 16.04% and a net margin of 3.99%. The firm had revenue of $450.00 million for the quarter, compared to the consensus estimate of $387.12 million. During the same quarter last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 83.4% compared to the same quarter last year.
Several research firms have recently commented on WGO. ValuEngine downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $60.00 price objective (up previously from $52.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Northcoast Research downgraded Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on Winnebago Industries to $51.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, Stifel Nicolaus set a $50.00 price objective on Winnebago Industries and gave the stock a “hold” rating in a research note on Friday, February 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $51.67.
Winnebago Industries (NYSE:WGO) traded down $1.80 during midday trading on Wednesday, hitting $42.70. The stock had a trading volume of 878,155 shares, compared to its average volume of 918,457. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.88 and a quick ratio of 1.03. Winnebago Industries has a 1 year low of $24.15 and a 1 year high of $58.65. The company has a market capitalization of $1,350.00, a P/E ratio of 17.50 and a beta of 1.79.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, January 9th. Winnebago Industries’s dividend payout ratio (DPR) is presently 16.39%.
A number of institutional investors and hedge funds have recently modified their holdings of WGO. Timucuan Asset Management Inc. FL bought a new stake in Winnebago Industries during the 4th quarter valued at approximately $67,768,000. Hennessy Advisors Inc. raised its stake in Winnebago Industries by 550.7% during the 4th quarter. Hennessy Advisors Inc. now owns 747,600 shares of the construction company’s stock valued at $41,567,000 after purchasing an additional 632,700 shares during the period. JPMorgan Chase & Co. raised its stake in Winnebago Industries by 794.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 525,726 shares of the construction company’s stock valued at $23,395,000 after purchasing an additional 466,975 shares during the period. Goldman Sachs Group Inc. raised its stake in Winnebago Industries by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 865,161 shares of the construction company’s stock valued at $48,103,000 after purchasing an additional 235,594 shares during the period. Finally, BlackRock Inc. raised its stake in Winnebago Industries by 6.5% during the 2nd quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after purchasing an additional 210,269 shares during the period. 78.57% of the stock is currently owned by institutional investors.
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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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