SunTrust Banks Comments on Winnebago Industries, Inc.’s FY2017 Earnings (WGO)
Winnebago Industries, Inc. (NYSE:WGO) – Equities researchers at SunTrust Banks lowered their FY2017 earnings per share (EPS) estimates for shares of Winnebago Industries in a research report issued on Monday. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings of $2.27 per share for the year, down from their prior forecast of $2.30. SunTrust Banks also issued estimates for Winnebago Industries’ Q4 2017 earnings at $0.74 EPS and FY2018 earnings at $2.70 EPS.
Several other brokerages also recently commented on WGO. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 price objective (up previously from $29.00) on shares of Winnebago Industries in a research report on Thursday, June 22nd. Griffin Securities reaffirmed a “buy” rating on shares of Winnebago Industries in a research report on Thursday, March 23rd. Zacks Investment Research downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 27th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, March 23rd. Finally, CL King began coverage on shares of Winnebago Industries in a research report on Monday, April 24th. They set a “buy” rating and a $32.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $33.80.
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Winnebago Industries (NYSE:WGO) opened at 34.20 on Wednesday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 17.08 and a beta of 2.07. The firm has a 50-day moving average of $27.17 and a 200-day moving average of $30.32. Winnebago Industries has a 52 week low of $21.32 and a 52 week high of $39.30.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.22. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The firm had revenue of $476.40 million for the quarter, compared to analyst estimates of $440.94 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 75.1% on a year-over-year basis.
Several institutional investors have recently modified their holdings of WGO. Russell Investments Group Ltd. purchased a new position in shares of Winnebago Industries during the fourth quarter worth about $1,836,000. Comerica Bank boosted its position in shares of Winnebago Industries by 4.0% in the fourth quarter. Comerica Bank now owns 28,165 shares of the construction company’s stock worth $928,000 after buying an additional 1,072 shares in the last quarter. State Street Corp boosted its position in shares of Winnebago Industries by 4.9% in the fourth quarter. State Street Corp now owns 606,061 shares of the construction company’s stock worth $19,184,000 after buying an additional 28,518 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Winnebago Industries by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,579,882 shares of the construction company’s stock worth $50,003,000 after buying an additional 56,393 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Winnebago Industries during the fourth quarter worth about $112,000. Institutional investors own 84.86% of the company’s stock.
In other news, Director William C. Fisher bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The shares were bought at an average cost of $25.94 per share, for a total transaction of $51,880.00. Following the acquisition, the director now directly owns 13,600 shares in the company, valued at $352,784. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian Daniel Hazelton bought 2,278 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The stock was purchased at an average price of $26.27 per share, for a total transaction of $59,843.06. Following the completion of the acquisition, the vice president now owns 13,278 shares in the company, valued at $348,813.06. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 11,278 shares of company stock valued at $301,623. Insiders own 1.50% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, July 10th. Winnebago Industries’s dividend payout ratio (DPR) is 20.00%.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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