Q1 2017 Earnings Estimate for Winnebago Industries Inc. (WGO) Issued By Northcoast Research
Winnebago Industries Inc. (NYSE:WGO) – Investment analysts at Northcoast Research reduced their Q1 2017 earnings per share estimates for shares of Winnebago Industries in a note issued to investors on Friday. Northcoast Research analyst S. Woolf now anticipates that the firm will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.40. Northcoast Research also issued estimates for Winnebago Industries’ Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $1.90 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.15 EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $25.00 price target on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, BMO Capital Markets lifted their price target on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, October 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Winnebago Industries presently has an average rating of “Hold” and an average target price of $29.33.
Winnebago Industries (NYSE:WGO) opened at 28.34 on Monday. The company has a market capitalization of $762.15 million, a PE ratio of 17.39 and a beta of 2.11. Winnebago Industries has a 1-year low of $15.41 and a 1-year high of $30.60. The company has a 50 day moving average of $24.75 and a 200 day moving average of $22.83.
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Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, October 13th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Winnebago Industries had a net margin of 4.67% and a return on equity of 17.86%. The business earned $263.30 million during the quarter, compared to analysts’ expectations of $252.52 million. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in the stock. Lebenthal Asset Management LLC purchased a new position in shares of Winnebago Industries during the second quarter worth $4,659,000. Numeric Investors LLC boosted its position in shares of Winnebago Industries by 135.4% in the second quarter. Numeric Investors LLC now owns 340,144 shares of the company’s stock worth $7,796,000 after buying an additional 195,644 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Winnebago Industries by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,399,492 shares of the company’s stock worth $32,076,000 after buying an additional 163,197 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in shares of Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock worth $11,132,000 after buying an additional 123,957 shares in the last quarter. Finally, Chartwell Investment Partners LLC purchased a new position in shares of Winnebago Industries during the second quarter worth $1,878,000. 91.48% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Winnebago Industries’s dividend payout ratio is 23.67%.
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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