$442.99 Million in Sales Expected for Winnebago Industries, Inc. (WGO) This Quarter
Wall Street analysts expect Winnebago Industries, Inc. (NYSE:WGO) to announce $442.99 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Winnebago Industries’ earnings, with estimates ranging from $417.90 million to $468.01 million. Winnebago Industries reported sales of $263.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 68.3%. The firm is expected to report its next quarterly earnings report on Thursday, October 12th.
According to Zacks, analysts expect that Winnebago Industries will report full year sales of $442.99 million for the current financial year, with estimates ranging from $1.51 billion to $1.56 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.72 billion per share, with estimates ranging from $1.65 billion to $1.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Winnebago Industries.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, June 21st. The construction company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.22. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The business had revenue of $476.40 million during the quarter, compared to the consensus estimate of $440.94 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was up 75.1% compared to the same quarter last year.
Several equities research analysts have weighed in on the company. BidaskClub cut Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 target price (up from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. CL King assumed coverage on Winnebago Industries in a report on Monday, April 24th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on Winnebago Industries in a report on Thursday, July 6th. They issued a “buy” rating and a $40.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Winnebago Industries currently has an average rating of “Buy” and a consensus price target of $34.83.
Several large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Winnebago Industries during the second quarter worth $107,000. Pinebridge Investments L.P. boosted its stake in shares of Winnebago Industries by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after buying an additional 35 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Winnebago Industries by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after buying an additional 536 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Winnebago Industries by 33.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,689 shares of the construction company’s stock worth $137,000 after buying an additional 1,165 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Winnebago Industries by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock worth $183,000 after buying an additional 2,303 shares during the period. Hedge funds and other institutional investors own 79.58% of the company’s stock.
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Winnebago Industries (NYSE:WGO) opened at 34.85 on Wednesday. The company has a market capitalization of $1.10 billion, a P/E ratio of 17.41 and a beta of 1.98. The stock’s 50 day moving average price is $35.21 and its 200 day moving average price is $30.83. Winnebago Industries has a one year low of $22.11 and a one year high of $39.30.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, July 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently 20.00%.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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