Winnebago Industries (WGO) Receiving Somewhat Positive News Coverage, Analysis Finds
News stories about Winnebago Industries (NYSE:WGO) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Winnebago Industries earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 46.9844741433201 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Brokers Issue Forecasts for Winnebago Industries, Inc.’s Q2 2018 Earnings (WGO) (americanbankingnews.com)
- SunTrust Banks Analysts Boost Earnings Estimates for Winnebago Industries, Inc. (WGO) (americanbankingnews.com)
- Winnebago Industries, Inc. (WGO) Receives “Hold” Rating from SunTrust Banks, Inc. (americanbankingnews.com)
- Winnebago Industries, Inc. (WGO) Receives “Outperform” Rating from Robert W. Baird (americanbankingnews.com)
- Critical Survey: Winnebago Industries (WGO) & American Outdoor Brands Corporation (AOBC) (americanbankingnews.com)
WGO has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Thursday, October 5th. BidaskClub raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “hold” rating and set a $34.00 price objective on shares of Winnebago Industries in a report on Friday, October 13th. Stifel Nicolaus initiated coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, ValuEngine cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.71.
Winnebago Industries (NYSE WGO) traded down 1.47% during trading on Monday, hitting $47.05. 889,207 shares of the stock were exchanged. The firm has a market cap of $1.49 billion, a PE ratio of 23.50 and a beta of 1.99. The stock’s 50-day moving average price is $41.94 and its 200-day moving average price is $33.71. Winnebago Industries has a 12-month low of $24.15 and a 12-month high of $48.45.
Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The company had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $444.50 million. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 72.8% on a year-over-year basis. On average, equities analysts expect that Winnebago Industries will post $2.81 EPS for the current year.
Winnebago Industries declared that its Board of Directors has approved a stock repurchase program on Thursday, October 19th that permits the company to repurchase $70.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, November 14th. Winnebago Industries’s payout ratio is 17.39%.
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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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