Analysts forecast that Winnebago Industries, Inc. (NYSE:WGO) will announce earnings of $0.63 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Winnebago Industries’ earnings, with estimates ranging from $0.49 to $0.70. Winnebago Industries reported earnings per share of $0.70 in the same quarter last year, which suggests a negative year-over-year growth rate of 10%. The business is scheduled to announce its next quarterly earnings results on Wednesday, December 18th.
On average, analysts expect that Winnebago Industries will report full year earnings of $4.14 per share for the current year, with EPS estimates ranging from $3.27 to $4.80. For the next fiscal year, analysts forecast that the company will report earnings of $4.79 per share, with EPS estimates ranging from $4.32 to $5.30. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Winnebago Industries.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.03. The firm had revenue of $530.40 million during the quarter, compared to analysts’ expectations of $520.84 million. Winnebago Industries had a return on equity of 18.51% and a net margin of 5.63%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share.
WGO has been the subject of a number of research reports. SunTrust Banks boosted their price target on shares of Winnebago Industries to $58.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird set a $42.00 target price on Winnebago Industries and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Zacks Investment Research raised Winnebago Industries from a “sell” rating to a “hold” rating and set a $53.00 target price for the company in a report on Saturday, October 26th. Sidoti reduced their price objective on Winnebago Industries from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, BMO Capital Markets raised their target price on shares of Winnebago Industries from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.43.
Shares of Winnebago Industries stock traded up $0.26 during trading hours on Thursday, hitting $46.47. The company had a trading volume of 27,651 shares, compared to its average volume of 428,011. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.08 and a quick ratio of 1.06. The company’s 50-day moving average is $47.32 and its two-hundred day moving average is $39.02. The company has a market cap of $1.45 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 0.52 and a beta of 1.64. Winnebago Industries has a twelve month low of $19.77 and a twelve month high of $51.87.
In other news, VP Brian Daniel Hazelton sold 5,113 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $48.93, for a total transaction of $250,179.09. Following the completion of the sale, the vice president now owns 16,479 shares in the company, valued at $806,317.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in shares of Winnebago Industries by 13.1% in the second quarter. Envestnet Asset Management Inc. now owns 16,359 shares of the construction company’s stock worth $632,000 after buying an additional 1,896 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Winnebago Industries by 21.6% in the second quarter. JPMorgan Chase & Co. now owns 1,159,133 shares of the construction company’s stock worth $44,302,000 after acquiring an additional 205,835 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Winnebago Industries by 21.7% in the third quarter. First Trust Advisors LP now owns 94,909 shares of the construction company’s stock worth $3,640,000 after acquiring an additional 16,903 shares during the last quarter. Bahl & Gaynor Inc. purchased a new stake in shares of Winnebago Industries in the second quarter valued at $888,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Winnebago Industries in the third quarter valued at $2,259,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.
Winnebago Industries Company Profile
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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