Equities analysts predict that Winnebago Industries, Inc. (NYSE:WGO) will post $1.00 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Winnebago Industries’ earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $0.81. Winnebago Industries posted earnings per share of $0.73 in the same quarter last year, which suggests a positive year over year growth rate of 37%. The company is scheduled to issue its next quarterly earnings report on Friday, December 18th.
On average, analysts expect that Winnebago Industries will report full-year earnings of $4.57 per share for the current fiscal year, with EPS estimates ranging from $4.27 to $4.80. For the next year, analysts expect that the company will post earnings of $4.99 per share, with EPS estimates ranging from $4.05 to $5.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Winnebago Industries.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 21st. The construction company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.52. Winnebago Industries had a net margin of 2.37% and a return on equity of 9.21%. The firm had revenue of $737.80 million for the quarter, compared to analyst estimates of $722.89 million. During the same period in the previous year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 39.1% compared to the same quarter last year.
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A number of research firms have weighed in on WGO. Wolfe Research raised shares of Winnebago Industries from a “peer perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a report on Tuesday, September 22nd. Smith Barney Citigroup raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $61.00 to $63.00 in a research note on Monday, October 26th. Zacks Investment Research lowered shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating and set a $66.00 price objective on the stock. in a research note on Thursday, August 6th. Truist Financial reduced their price objective on shares of Winnebago Industries from $72.00 to $68.00 in a research note on Monday, September 14th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $61.00 to $63.00 in a research note on Monday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $68.30.
In related news, SVP Christopher David West sold 1,114 shares of the stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $48.21, for a total transaction of $53,705.94. Following the transaction, the senior vice president now directly owns 17,678 shares of the company’s stock, valued at $852,256.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its stake in Winnebago Industries by 2.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 13,838 shares of the construction company’s stock worth $715,000 after acquiring an additional 300 shares in the last quarter. Barnett & Company Inc. boosted its stake in Winnebago Industries by 3.8% during the third quarter. Barnett & Company Inc. now owns 13,650 shares of the construction company’s stock worth $705,000 after acquiring an additional 500 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Winnebago Industries by 69.7% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,934 shares of the construction company’s stock worth $1,237,000 after buying an additional 9,829 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Winnebago Industries during the third quarter worth $1,318,000. Finally, Meeder Asset Management Inc. raised its holdings in Winnebago Industries by 8.3% during the third quarter. Meeder Asset Management Inc. now owns 22,873 shares of the construction company’s stock worth $1,182,000 after buying an additional 1,748 shares during the last quarter. 87.83% of the stock is currently owned by institutional investors and hedge funds.
WGO opened at $51.21 on Thursday. Winnebago Industries has a fifty-two week low of $16.94 and a fifty-two week high of $72.65. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.31 and a quick ratio of 1.48. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 32.21 and a beta of 2.13. The company’s 50 day moving average price is $51.39 and its two-hundred day moving average price is $55.64.
Winnebago Industries Company Profile
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: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
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