Analysts expect Winnebago Industries, Inc. (NYSE:WGO) to report sales of $507.20 million for the current quarter, Zacks reports. Two analysts have made estimates for Winnebago Industries’ earnings, with the highest sales estimate coming in at $524.00 million and the lowest estimate coming in at $490.40 million. Winnebago Industries posted sales of $454.94 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 18th.

According to Zacks, analysts expect that Winnebago Industries will report full-year sales of $1.99 billion for the current fiscal year, with estimates ranging from $1.97 billion to $2.00 billion. For the next financial year, analysts anticipate that the business will post sales of $2.13 billion per share, with estimates ranging from $2.09 billion to $2.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Winnebago Industries.

Several equities research analysts recently commented on WGO shares. Zacks Investment Research downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. ValuEngine downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Stifel Nicolaus restated a “hold” rating and issued a $44.00 price target on shares of Winnebago Industries in a research report on Monday, June 4th. Finally, Northcoast Research restated a “buy” rating on shares of Winnebago Industries in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $53.60.

Hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new stake in Winnebago Industries in the 2nd quarter worth approximately $138,000. Asset Management One Co. Ltd. purchased a new stake in Winnebago Industries in the 1st quarter worth approximately $138,000. SG Americas Securities LLC purchased a new stake in Winnebago Industries in the 1st quarter worth approximately $145,000. BlueMountain Capital Management LLC lifted its position in Winnebago Industries by 174.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 3,886 shares of the construction company’s stock worth $158,000 after buying an additional 2,472 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Winnebago Industries in the 1st quarter worth approximately $168,000. Institutional investors own 88.14% of the company’s stock.

Shares of NYSE:WGO opened at $35.35 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.96 and a quick ratio of 1.03. The company has a market capitalization of $1.15 billion, a P/E ratio of 10.55 and a beta of 1.67. Winnebago Industries has a 52 week low of $34.30 and a 52 week high of $58.65.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Winnebago Industries’s payout ratio is 11.94%.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.

Read More: Risk Tolerance and Your Investment Decisions

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.