SunTrust Banks Analysts Boost Earnings Estimates for Winnebago Industries, Inc. (WGO)
Winnebago Industries, Inc. (NYSE:WGO) – Equities researchers at SunTrust Banks boosted their Q1 2018 EPS estimates for shares of Winnebago Industries in a note issued to investors on Thursday. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.40. SunTrust Banks has a “Hold” rating and a $45.00 price target on the stock. SunTrust Banks also issued estimates for Winnebago Industries’ Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $2.82 EPS.
WGO has been the subject of a number of other reports. Zacks Investment Research cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Stifel Nicolaus cut shares of Winnebago Industries from a “buy” rating to a “hold” rating and raised their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and set a $34.00 price objective on shares of Winnebago Industries in a research note on Friday, October 13th. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, ValuEngine cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $42.29.
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Shares of Winnebago Industries (NYSE:WGO) opened at 47.75 on Monday. The firm’s 50-day moving average price is $41.94 and its 200 day moving average price is $33.71. Winnebago Industries has a 1-year low of $24.15 and a 1-year 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 (NYSE:WGO) last posted its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.09. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The company had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. During the same period in the previous year, the business earned $0.49 EPS. Winnebago Industries’s quarterly revenue was up 72.8% on a year-over-year basis.
Several institutional investors and hedge funds have recently modified their holdings of the company. Profit Investment Management LLC increased its stake in shares of Winnebago Industries by 381.3% during the 3rd quarter. Profit Investment Management LLC now owns 37,370 shares of the construction company’s stock worth $1,672,000 after purchasing an additional 29,605 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in shares of Winnebago Industries during the 3rd quarter worth approximately $283,000. Toronto Dominion Bank increased its stake in shares of Winnebago Industries by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 15,000 shares of the construction company’s stock worth $526,000 after purchasing an additional 5,000 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Winnebago Industries during the 2nd quarter worth approximately $201,000. Finally, California State Teachers Retirement System increased its stake in shares of Winnebago Industries by 5.7% during the 2nd quarter. California State Teachers Retirement System now owns 55,809 shares of the construction company’s stock worth $1,953,000 after purchasing an additional 3,000 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid 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 dividend yield of 0.84%. Winnebago Industries’s dividend payout ratio (DPR) is 17.39%.
Winnebago Industries announced that its board has approved a stock buyback program on Thursday, October 19th that permits the company to repurchase $70.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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