Analysts expect Winnebago Industries, Inc. (NYSE:WGO) to report $551.42 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $574.49 million and the lowest estimate coming in at $542.40 million. Winnebago Industries posted sales of $536.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The company is expected to report its next quarterly earnings results on Wednesday, October 16th.

On average, analysts expect that Winnebago Industries will report full year sales of $2.01 billion for the current year, with estimates ranging from $2.00 billion to $2.03 billion. For the next financial year, analysts anticipate that the company will report sales of $2.15 billion, with estimates ranging from $2.12 billion to $2.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Winnebago Industries.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, June 19th. The construction company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.09. Winnebago Industries had a return on equity of 18.94% and a net margin of 5.51%. The business had revenue of $528.90 million during the quarter, compared to analysts’ expectations of $560.77 million. During the same period in the prior year, the business earned $1.02 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year.

WGO has been the subject of several recent research reports. Zacks Investment Research raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price target on Winnebago Industries to $46.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Northcoast Research initiated coverage on Winnebago Industries in a research report on Friday, June 14th. They issued a “buy” rating and a $47.00 price target for the company. Robert W. Baird boosted their price target on Winnebago Industries from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Finally, ValuEngine lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $42.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Versant Capital Management Inc increased its position in Winnebago Industries by 402.4% during the 1st quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock valued at $26,000 after buying an additional 672 shares in the last quarter. Advisor Group Inc. increased its position in Winnebago Industries by 103.4% during the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after buying an additional 841 shares in the last quarter. NEXT Financial Group Inc acquired a new position in Winnebago Industries during the 2nd quarter valued at about $42,000. Public Employees Retirement System of Ohio increased its position in 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 valued at $48,000 after buying an additional 428 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Winnebago Industries during the 2nd quarter valued at about $144,000. 95.19% of the stock is owned by hedge funds and other institutional investors.

Shares of WGO stock traded down $2.63 during mid-day trading on Wednesday, hitting $33.45. The stock had a trading volume of 444,130 shares, compared to its average volume of 530,969. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 0.48 and a beta of 1.59. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. Winnebago Industries has a 12-month low of $19.77 and a 12-month high of $42.08. The stock has a 50-day moving average of $38.33.

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.

Read More: Quick Ratio

Get a free copy of the Zacks research report on Winnebago Industries (WGO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.