Winnebago Industries, Inc. (WGO) Expected to Post Earnings of $0.56 Per Share

Equities analysts expect Winnebago Industries, Inc. (NYSE:WGO) to post earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Winnebago Industries’ earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.67. Winnebago Industries posted earnings of $0.62 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 9.7%. The firm is expected to issue its next earnings report before the market opens on Monday, March 25th.

According to Zacks, analysts expect that Winnebago Industries will report full year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.70. For the next year, analysts expect that the company will post earnings of $4.02 per share, with EPS estimates ranging from $3.80 to $4.15. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Winnebago Industries.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, December 19th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. Winnebago Industries had a return on equity of 20.10% and a net margin of 5.17%. The company had revenue of $493.65 million for the quarter, compared to analysts’ expectations of $482.96 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year.

WGO has been the topic of a number of research reports. ValuEngine cut Winnebago Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Zacks Investment Research cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet upgraded Winnebago Industries from a “c+” rating to a “b-” rating in a research note on Monday, February 11th. BMO Capital Markets decreased their price target on Winnebago Industries to $42.00 and set an “outperform” rating on the stock in a research note on Monday, February 4th. Finally, SunTrust Banks decreased their price target on Winnebago Industries to $34.00 and set a “positive” rating on the stock in a research note on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.40.

NYSE:WGO opened at $29.11 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.72. Winnebago Industries has a 52 week low of $19.77 and a 52 week high of $47.76. The firm has a market cap of $932.28 million, a price-to-earnings ratio of 8.88 and a beta of 1.50.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, April 2nd. Winnebago Industries’s dividend payout ratio is currently 13.97%.

In other news, VP Steven Scott Degnan sold 10,013 shares of the company’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $30.11, for a total transaction of $301,491.43. Following the sale, the vice president now owns 32,449 shares of the company’s stock, valued at $977,039.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.57% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of WGO. First Trust Advisors LP increased its position in shares of Winnebago Industries by 22.0% during the third quarter. First Trust Advisors LP now owns 80,398 shares of the construction company’s stock worth $2,665,000 after acquiring an additional 14,503 shares during the period. Victory Capital Management Inc. increased its holdings in Winnebago Industries by 38.0% in the third quarter. Victory Capital Management Inc. now owns 7,506 shares of the construction company’s stock valued at $249,000 after buying an additional 2,067 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in Winnebago Industries by 46.3% in the third quarter. Stone Ridge Asset Management LLC now owns 12,454 shares of the construction company’s stock valued at $413,000 after buying an additional 3,944 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in Winnebago Industries by 24.0% in the third quarter. Chartwell Investment Partners LLC now owns 33,561 shares of the construction company’s stock valued at $1,113,000 after buying an additional 6,505 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Winnebago Industries by 34.4% in the third quarter. Alliancebernstein L.P. now owns 101,416 shares of the construction company’s stock valued at $3,362,000 after buying an additional 25,930 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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

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