Winnebago Industries Inc. (WGO) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Winnebago Industries Inc. (NYSE:WGO) announced its earnings results on Thursday. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Winnebago Industries had a return on equity of 18.15% and a net margin of 4.58%. The business had revenue of $263.30 million for the quarter, compared to analysts’ expectations of $249.16 million.
Winnebago Industries (NYSE:WGO) opened at 27.90 on Thursday. The company has a market capitalization of $750.31 million, a PE ratio of 17.12 and a beta of 2.11. Winnebago Industries has a 12-month low of $15.41 and a 12-month high of $30.60. The firm’s 50 day moving average price is $24.52 and its 200-day moving average price is $22.75.
WGO has been the topic of several analyst reports. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, June 30th. Robert W. Baird reiterated a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a report on Saturday, June 25th. Finally, BMO Capital Markets upped their target price on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, October 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.33.
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Several hedge funds have recently modified their holdings of WGO. Nationwide Fund Advisors increased its stake in shares of Winnebago Industries by 3.1% in the second quarter. Nationwide Fund Advisors now owns 20,785 shares of the company’s stock worth $476,000 after buying an additional 628 shares during the period. Vanguard Group Inc. increased its stake in shares of Winnebago Industries by 1.3% in the second quarter. Vanguard Group Inc. now owns 1,243,102 shares of the company’s stock worth $28,492,000 after buying an additional 16,137 shares during the period. BlackRock Advisors LLC increased its stake in shares of Winnebago Industries by 7.1% in the second quarter. BlackRock Advisors LLC now owns 13,160 shares of the company’s stock worth $302,000 after buying an additional 874 shares during the period. BlackRock Investment Management LLC increased its stake in shares of Winnebago Industries by 6.2% in the second quarter. BlackRock Investment Management LLC now owns 116,659 shares of the company’s stock worth $2,674,000 after buying an additional 6,856 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Winnebago Industries by 2.9% in the second quarter. BlackRock Fund Advisors now owns 1,781,173 shares of the company’s stock worth $40,824,000 after buying an additional 49,703 shares during the period. Hedge funds and other institutional investors own 91.48% of the company’s stock.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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