$442.99 Million in Sales Expected for Winnebago Industries, Inc. (WGO) This Quarter
Equities analysts expect Winnebago Industries, Inc. (NYSE:WGO) to report sales of $442.99 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Winnebago Industries’ earnings. The lowest sales estimate is $417.90 million and the highest is $468.01 million. Winnebago Industries posted sales of $263.25 million during the same quarter last year, which suggests a positive year-over-year growth rate of 68.3%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, October 19th.
According to Zacks, analysts expect that Winnebago Industries will report full year sales of $442.99 million for the current year, with estimates ranging from $1.51 billion to $1.56 billion. For the next financial year, analysts forecast that the company will post sales of $1.73 billion per share, with estimates ranging from $1.65 billion to $1.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Winnebago Industries.
A number of equities research analysts have recently weighed in on WGO shares. BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 price objective (up from $29.00) on shares of Winnebago Industries in a research report on Thursday, June 22nd. BidaskClub upgraded Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus started coverage on Winnebago Industries in a research report on Thursday, July 6th. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Finally, ValuEngine upgraded Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Winnebago Industries currently has an average rating of “Buy” and an average price target of $40.60.
Winnebago Industries (NYSE WGO) traded down 0.34% during mid-day trading on Wednesday, hitting $43.95. The stock had a trading volume of 112,260 shares. Winnebago Industries has a 52 week low of $24.15 and a 52 week high of $46.85. The company’s 50 day moving average price is $39.88 and its 200 day moving average price is $32.89. The firm has a market cap of $1.39 billion, a PE ratio of 35.44 and a beta of 1.99.
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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