Wall Street analysts expect Winnebago Industries, Inc. (NYSE:WGO) to announce $556.39 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Winnebago Industries’ earnings. The lowest sales estimate is $516.00 million and the highest is $601.76 million. Winnebago Industries reported sales of $562.26 million in the same quarter last year, which would suggest a negative year over year growth rate of 1%. The business is scheduled to issue its next earnings results on Wednesday, June 19th.
According to Zacks, analysts expect that Winnebago Industries will report full year sales of $2.06 billion for the current financial year, with estimates ranging from $2.01 billion to $2.10 billion. For the next year, analysts expect that the company will post sales of $2.19 billion, with estimates ranging from $2.14 billion to $2.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Winnebago Industries.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Monday, March 25th. The construction company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.12. The business had revenue of $432.70 million during the quarter, compared to analyst estimates of $443.05 million. Winnebago Industries had a return on equity of 19.11% and a net margin of 5.24%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS.
WGO has been the subject of a number of research analyst reports. BMO Capital Markets reduced their target price on Winnebago Industries to $42.00 and set an “outperform” rating for the company in a report on Monday, February 4th. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Saturday, February 9th. TheStreet raised Winnebago Industries from a “c+” rating to a “b-” rating in a report on Monday, February 11th. ValuEngine raised Winnebago Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, February 23rd. Finally, Jefferies Financial Group initiated coverage on Winnebago Industries in a report on Thursday, March 28th. They issued a “hold” rating and a $31.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Winnebago Industries presently has an average rating of “Hold” and a consensus price target of $38.83.
Shares of Winnebago Industries stock traded down $0.14 on Wednesday, reaching $34.62. The company’s stock had a trading volume of 336,199 shares, compared to its average volume of 423,719. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.45 and a beta of 1.52. Winnebago Industries has a 52 week low of $19.77 and a 52 week high of $47.76. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Tuesday, April 2nd. Winnebago Industries’s payout ratio is currently 13.97%.
In other news, CFO Bryan L. Hughes acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of $29.58 per share, with a total value of $73,950.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,288 shares of the company’s stock, valued at approximately $570,539.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael J. Happe acquired 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of $29.19 per share, with a total value of $102,165.00. Following the acquisition, the chief executive officer now directly owns 56,671 shares of the company’s stock, valued at $1,654,226.49. The disclosure for this purchase can be found here. Insiders own 3.57% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in Winnebago Industries by 402.4% during the first quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock valued at $26,000 after purchasing an additional 672 shares in the last quarter. Advisor Group Inc. lifted its position in Winnebago Industries by 103.4% during the fourth quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after purchasing an additional 841 shares in the last quarter. AlphaOne Investment Services LLC lifted its position in Winnebago Industries by 39.7% during the fourth quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock valued at $42,000 after purchasing an additional 489 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Winnebago Industries by 27.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock valued at $48,000 after purchasing an additional 428 shares in the last quarter. Finally, Brasada Capital Management LP purchased a new position in Winnebago Industries during the first quarter valued at $171,000. Institutional investors own 97.07% of the company’s stock.
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 five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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