Zacks: Brokerages Expect Winnebago Industries, Inc. (WGO) Will Post Quarterly Sales of $556.39 Million

Analysts expect Winnebago Industries, Inc. (NYSE:WGO) to post $556.39 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Winnebago Industries’ earnings. The highest sales estimate is $601.76 million and the lowest is $516.00 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 firm is expected to issue its next earnings results on Wednesday, June 19th.

On average, 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 financial year, analysts forecast that the company will report sales of $2.19 billion, with estimates ranging from $2.14 billion to $2.22 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 posted its earnings results on Monday, March 25th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $432.70 million during the quarter, compared to analysts’ expectations of $443.05 million. Winnebago Industries had a net margin of 5.24% and a return on equity of 19.11%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share.

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of Winnebago Industries from a “c+” rating to a “b-” rating in a report on Monday, February 11th. ValuEngine lowered shares of Winnebago Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, Jefferies Financial Group assumed coverage on shares of Winnebago Industries in a report on Thursday, March 28th. They issued a “hold” rating and a $31.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.83.

Shares of WGO stock traded up $0.23 on Wednesday, reaching $34.68. The company had a trading volume of 366,100 shares, compared to its average volume of 607,330. The stock has a market capitalization of $1.10 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.44 and a beta of 1.52. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. Winnebago Industries has a one year low of $19.77 and a one year high of $47.76.

The firm 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. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.27%. Winnebago Industries’s dividend payout ratio (DPR) is presently 13.97%.

In other news, CEO Michael J. Happe bought 3,500 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was acquired at an average price of $29.19 per share, with a total value of $102,165.00. Following the transaction, the chief executive officer now owns 56,671 shares of the company’s stock, valued at approximately $1,654,226.49. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Bryan L. Hughes bought 2,500 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were purchased at an average cost of $29.58 per share, with a total value of $73,950.00. Following the transaction, the chief financial officer now directly owns 19,288 shares in the company, valued at approximately $570,539.04. The disclosure for this purchase can be found here. 3.57% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in WGO. Versant Capital Management Inc grew its position in shares of Winnebago Industries by 402.4% during the 1st quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock worth $26,000 after buying an additional 672 shares during the period. Advisor Group Inc. grew its position in shares of Winnebago Industries by 103.4% during the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock worth $40,000 after buying an additional 841 shares during the period. AlphaOne Investment Services LLC grew its position in shares of Winnebago Industries by 39.7% during the 4th quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock worth $42,000 after buying an additional 489 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Winnebago Industries by 27.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock worth $48,000 after buying an additional 428 shares during the period. Finally, Brasada Capital Management LP acquired a new stake in shares of Winnebago Industries during the 1st quarter worth approximately $171,000. 98.68% of the stock is 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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