$801.01 Million in Sales Expected for Winnebago Industries, Inc. (NYSE:WGO) This Quarter


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Equities research analysts expect Winnebago Industries, Inc. (NYSE:WGO) to announce sales of $801.01 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Winnebago Industries’ earnings, with the lowest sales estimate coming in at $704.30 million and the highest estimate coming in at $938.29 million. Winnebago Industries reported sales of $626.81 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.8%. The firm is scheduled to announce its next earnings results on Wednesday, March 24th.

According to Zacks, analysts expect that Winnebago Industries will report full year sales of $3.22 billion for the current fiscal year, with estimates ranging from $2.83 billion to $3.58 billion. For the next financial year, analysts anticipate that the business will report sales of $3.32 billion, with estimates ranging from $3.11 billion to $3.71 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, December 17th. The construction company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.68. Winnebago Industries had a return on equity of 9.21% and a net margin of 2.37%. The business had revenue of $793.10 million for the quarter, compared to the consensus estimate of $752.54 million. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 34.8% on a year-over-year basis.

WGO has been the topic of a number of recent analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on Winnebago Industries from $63.00 to $73.00 in a report on Tuesday, December 22nd. Smith Barney Citigroup raised their price target on Winnebago Industries from $63.00 to $73.00 in a research note on Tuesday, December 22nd. Wedbush assumed coverage on Winnebago Industries in a research note on Tuesday, December 1st. They set an “outperform” rating and a $67.00 price target on the stock. Northcoast Research raised their price target on Winnebago Industries from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, December 22nd. Finally, Citigroup raised their price target on Winnebago Industries from $61.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $71.38.

In other news, SVP Christopher David West sold 1,114 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $48.21, for a total value of $53,705.94. Following the completion of the sale, the senior vice president now directly owns 17,678 shares of the company’s stock, valued at approximately $852,256.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald Jeff Clark sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 29th. The shares were sold at an average price of $61.30, for a total value of $12,260,000.00. Following the completion of the sale, the insider now directly owns 751,990 shares of the company’s stock, valued at $46,096,987. The disclosure for this sale can be found here. Insiders have sold a total of 204,061 shares of company stock valued at $12,503,994 over the last ninety days. 3.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WGO. First Trust Advisors LP lifted its holdings in shares of Winnebago Industries by 35.5% in the 1st quarter. First Trust Advisors LP now owns 88,382 shares of the construction company’s stock valued at $2,753,000 after buying an additional 23,157 shares during the period. Commonwealth Equity Services LLC purchased a new position in Winnebago Industries in the 2nd quarter valued at approximately $305,000. Federated Hermes Inc. purchased a new position in Winnebago Industries in the 2nd quarter valued at approximately $64,000. FMR LLC increased its stake in Winnebago Industries by 99.4% in the 2nd quarter. FMR LLC now owns 164,480 shares of the construction company’s stock valued at $10,957,000 after purchasing an additional 81,996 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Winnebago Industries by 184.3% in the 2nd quarter. Advisor Group Holdings Inc. now owns 15,146 shares of the construction company’s stock valued at $1,010,000 after purchasing an additional 9,819 shares in the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.

WGO opened at $64.56 on Thursday. Winnebago Industries has a one year low of $16.94 and a one year high of $72.65. The company has a market cap of $2.17 billion, a P/E ratio of 40.60 and a beta of 2.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 2.31. The business’s 50-day simple moving average is $59.96 and its 200-day simple moving average is $56.68.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, January 12th. This represents a $0.48 dividend on an annualized basis and a yield of 0.74%. Winnebago Industries’s payout ratio is 13.95%.

About Winnebago Industries

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 six 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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