Winnebago Industries, Inc. (NYSE:WGO) Expected to Announce Earnings of $3.03 Per Share

Analysts predict that Winnebago Industries, Inc. (NYSE:WGO) will report earnings of $3.03 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Winnebago Industries’ earnings, with the highest EPS estimate coming in at $3.45 and the lowest estimate coming in at $2.82. Winnebago Industries reported earnings of $2.12 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 42.9%. The firm is expected to announce its next earnings report on Wednesday, March 23rd.

According to Zacks, analysts expect that Winnebago Industries will report full-year earnings of $12.30 per share for the current financial year, with EPS estimates ranging from $11.62 to $13.65. For the next financial year, analysts forecast that the company will report earnings of $10.45 per share, with EPS estimates ranging from $9.60 to $11.07. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 17th. The construction company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $1.17. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.03 billion. Winnebago Industries had a return on equity of 34.13% and a net margin of 8.12%. Winnebago Industries’s quarterly revenue was up 45.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share.

Several equities analysts have recently issued reports on WGO shares. Truist Securities reduced their target price on Winnebago Industries from $90.00 to $85.00 and set a “buy” rating for the company in a report on Friday, September 17th. CL King raised Winnebago Industries from a “neutral” rating to a “strong-buy” rating and set a $102.00 target price for the company in a report on Friday, January 7th. KeyCorp lowered Winnebago Industries from an “overweight” rating to a “sector weight” rating in a report on Monday, October 25th. BMO Capital Markets upped their target price on Winnebago Industries from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, October 21st. Finally, Truist reduced their price objective on Winnebago Industries from $90.00 to $85.00 and set a “buy” rating for the company in a report on Friday, September 17th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $89.89.

Several institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Winnebago Industries by 4.5% in the second quarter. US Bancorp DE now owns 3,268 shares of the construction company’s stock worth $222,000 after acquiring an additional 141 shares during the period. Zacks Investment Management raised its position in shares of Winnebago Industries by 1.1% in the second quarter. Zacks Investment Management now owns 15,484 shares of the construction company’s stock worth $1,052,000 after buying an additional 162 shares in the last quarter. Profund Advisors LLC raised its position in shares of Winnebago Industries by 5.2% in the second quarter. Profund Advisors LLC now owns 4,076 shares of the construction company’s stock worth $277,000 after buying an additional 202 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Winnebago Industries by 9.4% in the third quarter. Captrust Financial Advisors now owns 2,532 shares of the construction company’s stock worth $183,000 after buying an additional 218 shares in the last quarter. Finally, Islay Capital Management LLC raised its position in shares of Winnebago Industries by 14.8% in the third quarter. Islay Capital Management LLC now owns 1,736 shares of the construction company’s stock worth $126,000 after buying an additional 224 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

WGO stock opened at $75.62 on Wednesday. The firm has a market cap of $2.52 billion, a PE ratio of 8.01 and a beta of 1.85. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $72.64 and a 200-day moving average of $71.19. Winnebago Industries has a 12-month low of $61.13 and a 12-month high of $87.53.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 26th. Stockholders of record on Wednesday, January 12th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, January 11th. Winnebago Industries’s payout ratio is currently 7.63%.

About Winnebago Industries

Winnebago Industries, Inc engages in the design, development, manufacture, and sale of motorized and towable recreation products. It operates through the following segments: Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine and Winnebago specialty vehicles.

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

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