Winnebago Industries Inc. (WGO) Forecasted to Post Q2 2017 Earnings of $0.47 Per Share
Winnebago Industries Inc. (NYSE:WGO) – Stock analysts at SunTrust Banks increased their Q2 2017 earnings estimates for Winnebago Industries in a research note issued on Thursday. SunTrust Banks analyst M. Swartz now forecasts that the brokerage will earn $0.47 per share for the quarter, up from their previous estimate of $0.39. SunTrust Banks also issued estimates for Winnebago Industries’ Q3 2017 earnings at $0.65 EPS.
Other analysts have 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 target price on the stock in a research report on Thursday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $25.00 target price on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, BMO Capital Markets lifted their target price on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.33.
Winnebago Industries (NYSE:WGO) opened at 28.34 on Monday. The firm’s 50 day moving average price is $24.75 and its 200-day moving average price is $22.83. Winnebago Industries has a one year low of $15.41 and a one year high of $30.60. The firm has a market cap of $762.15 million, a PE ratio of 17.39 and a beta of 2.11.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/winnebago-industries-inc-wgo-forecasted-to-post-q2-2017-earnings-of-0-47-per-share.html
Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. The business earned $263.30 million during the quarter, compared to analysts’ expectations of $252.52 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new stake in shares of Winnebago Industries during the second quarter worth $120,000. Schwab Charles Investment Management Inc. raised its stake in shares of Winnebago Industries by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,725 shares of the company’s stock worth $2,378,000 after buying an additional 1,920 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Winnebago Industries by 1.2% in the second quarter. Fiera Capital Corp now owns 103,600 shares of the company’s stock worth $2,375,000 after buying an additional 1,200 shares in the last quarter. Numeric Investors LLC raised its stake 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. Finally, Arizona State Retirement System raised its stake in shares of Winnebago Industries by 1.4% in the second quarter. Arizona State Retirement System now owns 13,999 shares of the company’s stock worth $321,000 after buying an additional 200 shares in the last quarter. 91.48% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently declared 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, November 7th. Winnebago Industries’s dividend payout ratio is currently 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.
Receive News & Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.