$442.99 Million in Sales Expected for Winnebago Industries, Inc. (WGO) This Quarter
Equities research analysts predict that Winnebago Industries, Inc. (NYSE:WGO) will announce sales of $442.99 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Winnebago Industries’ earnings, with estimates ranging from $417.90 million to $468.01 million. Winnebago Industries posted sales of $263.25 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 68.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 12th.
On average, analysts expect that Winnebago Industries will report full-year sales of $442.99 million for the current financial year, with estimates ranging from $1.51 billion to $1.56 billion. For the next year, analysts forecast that the business will report sales of $1.72 billion per share, with estimates ranging from $1.65 billion to $1.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Winnebago Industries.
Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $476.40 million during the quarter, compared to analysts’ expectations of $440.94 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was up 75.1% on a year-over-year basis.
Several research firms recently issued reports on WGO. BidaskClub downgraded shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Stifel Nicolaus initiated coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They set a “buy” rating and a $40.00 price objective on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $34.00 price objective (up from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. Finally, CL King initiated coverage on shares of Winnebago Industries in a report on Monday, April 24th. They set a “buy” rating and a $32.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.83.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Winnebago Industries by 170,889.1% in the first quarter. BlackRock Inc. now owns 3,216,305 shares of the construction company’s stock valued at $94,078,000 after buying an additional 3,214,424 shares during the period. Goldman Sachs Group Inc. boosted its position in Winnebago Industries by 690.4% in the first quarter. Goldman Sachs Group Inc. now owns 477,183 shares of the construction company’s stock valued at $13,958,000 after buying an additional 416,813 shares during the period. Norges Bank bought a new position in Winnebago Industries during the fourth quarter valued at $12,541,000. Rice Hall James & Associates LLC bought a new position in Winnebago Industries during the second quarter valued at $13,413,000. Finally, Cooke & Bieler LP boosted its position in Winnebago Industries by 22.5% in the first quarter. Cooke & Bieler LP now owns 1,518,362 shares of the construction company’s stock valued at $44,412,000 after buying an additional 278,637 shares during the period. Hedge funds and other institutional investors own 79.58% of the company’s stock.
Shares of Winnebago Industries (NYSE:WGO) opened at 34.85 on Wednesday. The firm’s 50-day moving average is $35.21 and its 200 day moving average is $30.83. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.41 and a beta of 1.98. Winnebago Industries has a 52-week low of $22.11 and a 52-week high of $39.30.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, July 10th. Winnebago Industries’s dividend payout ratio is currently 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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