$373.45 Million in Sales Expected for Winnebago Industries, Inc. (WGO) This Quarter
Wall Street analysts expect that Winnebago Industries, Inc. (NYSE:WGO) will report sales of $373.45 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Winnebago Industries’ earnings, with estimates ranging from $329.90 million to $409.59 million. Winnebago Industries posted sales of $245.31 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 52.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, December 20th.
According to Zacks, analysts expect that Winnebago Industries will report full-year sales of $373.45 million for the current fiscal year, with estimates ranging from $1.73 billion to $1.81 billion. For the next fiscal year, analysts expect that the company will report sales of $1.89 billion per share, with estimates ranging from $1.82 billion to $1.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Winnebago Industries.
Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $454.90 million during the quarter, compared to the consensus estimate of $444.50 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 72.8% on a year-over-year basis.
A number of research firms have recently commented on WGO. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus began coverage on shares of Winnebago Industries in a report on Thursday, July 6th. They issued a “buy” rating and a $40.00 target price for the company. BMO Capital Markets reissued a “hold” rating and issued a $34.00 target price on shares of Winnebago Industries in a report on Friday, September 1st. ValuEngine raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a report on Thursday, October 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $44.71.
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Winnebago Industries (NYSE:WGO) opened at 48.45 on Monday. The company has a market capitalization of $1.53 billion, a P/E ratio of 24.20 and a beta of 1.99. The firm has a 50 day moving average of $43.29 and a 200-day moving average of $34.45. Winnebago Industries has a 52 week low of $24.15 and a 52 week high of $48.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a $0.10 dividend. 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 0.83%. Winnebago Industries’s dividend payout ratio (DPR) is presently 17.39%.
Winnebago Industries declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 19th that allows the company to repurchase $70.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Winnebago Industries in the 2nd quarter valued at approximately $107,000. Pinebridge Investments L.P. raised its holdings in Winnebago Industries by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after buying an additional 35 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Winnebago Industries by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock valued at $125,000 after buying an additional 536 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Winnebago Industries by 78.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock valued at $183,000 after buying an additional 2,303 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in Winnebago Industries in the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
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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