Brokers Issue Forecasts for Winnebago Industries, Inc.’s Q2 2018 Earnings (WGO)
Winnebago Industries, Inc. (NYSE:WGO) – Analysts at Griffin Securities lifted their Q2 2018 earnings per share estimates for Winnebago Industries in a report issued on Friday. Griffin Securities analyst M. Ajzenman now forecasts that the construction company will earn $0.64 per share for the quarter, up from their previous forecast of $0.57. Griffin Securities also issued estimates for Winnebago Industries’ Q4 2018 earnings at $0.84 EPS and FY2018 earnings at $2.71 EPS.
Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The firm had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. During the same period last year, the business earned $0.49 earnings per share. The business’s revenue was up 72.8% on a year-over-year basis.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, October 5th. BidaskClub raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. BMO Capital Markets reissued a “hold” rating and set a $34.00 target price on shares of Winnebago Industries in a research report on Friday, October 13th. Stifel Nicolaus assumed coverage on shares of Winnebago Industries in a research report on Thursday, July 6th. They set a “buy” rating and a $40.00 target price for the company. Finally, ValuEngine cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Winnebago Industries presently has an average rating of “Buy” and a consensus target price of $42.29.
Winnebago Industries (NYSE WGO) opened at 47.75 on Monday. The stock’s 50 day moving average is $41.94 and its 200 day moving average is $33.71. Winnebago Industries has a 12-month low of $24.15 and a 12-month high of $48.05. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 23.85 and a beta of 1.99.
Winnebago Industries announced that its board has approved a share buyback plan on Thursday, October 19th that permits the company to buyback $70.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Winnebago Industries’s payout ratio is 17.39%.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Winnebago Industries during the second quarter valued at approximately $107,000. Pinebridge Investments L.P. lifted its position in Winnebago Industries by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after acquiring an additional 35 shares during the last quarter. Victory Capital Management Inc. lifted its position in Winnebago Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock valued at $125,000 after acquiring an additional 536 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Winnebago Industries by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock valued at $183,000 after acquiring an additional 2,303 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in Winnebago Industries during the second quarter valued at approximately $201,000. 84.67% of the stock is owned by institutional investors.
Winnebago Industries Company Profile
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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