Brokerages Expect Winnebago Industries, Inc. (WGO) to Post $0.62 EPS

Analysts expect Winnebago Industries, Inc. (NYSE:WGO) to announce earnings per share (EPS) of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Winnebago Industries’ earnings, with estimates ranging from $0.47 to $0.80. Winnebago Industries posted earnings per share of $0.46 during the same quarter last year, which would indicate a positive year over year growth rate of 34.8%. The firm is expected to report its next quarterly earnings report on Wednesday, March 28th.

On average, analysts expect that Winnebago Industries will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.55. For the next fiscal year, analysts forecast that the firm will report earnings of $3.69 per share, with EPS estimates ranging from $3.10 to $4.52. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Winnebago Industries.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. The business had revenue of $450.00 million during the quarter, compared to the consensus estimate of $387.12 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 83.4% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a $50.00 target price on shares of Winnebago Industries and gave the stock a “hold” rating in a research note on Friday. ValuEngine upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Northcoast Research downgraded shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Friday, January 26th. They noted that the move was a valuation call. SunTrust Banks reiterated a “hold” rating and set a $52.00 target price on shares of Winnebago Industries in a research note on Thursday, December 21st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $60.00 target price (up previously from $52.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Winnebago Industries has a consensus rating of “Buy” and an average price target of $51.67.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Winnebago Industries by 5.6% in the fourth quarter. BlackRock Inc. now owns 3,849,851 shares of the construction company’s stock valued at $214,052,000 after purchasing an additional 203,116 shares during the period. Dimensional Fund Advisors LP lifted its position in Winnebago Industries by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,864,305 shares of the construction company’s stock valued at $83,427,000 after purchasing an additional 18,016 shares during the period. Vanguard Group Inc. lifted its position in Winnebago Industries by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock valued at $54,868,000 after purchasing an additional 97,867 shares during the period. Hennessy Advisors Inc. lifted its position in Winnebago Industries by 550.7% in the fourth quarter. Hennessy Advisors Inc. now owns 747,600 shares of the construction company’s stock valued at $41,567,000 after purchasing an additional 632,700 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Winnebago Industries by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 707,926 shares of the construction company’s stock valued at $31,679,000 after buying an additional 10,975 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Shares of Winnebago Industries (NYSE WGO) opened at $44.45 on Monday. Winnebago Industries has a 12 month low of $24.15 and a 12 month high of $58.65. The firm has a market cap of $1,407.11, a PE ratio of 18.14 and a beta of 1.79. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.90%. Winnebago Industries’s payout ratio is currently 16.33%.

Winnebago Industries announced that its Board of Directors has approved a share buyback plan on Thursday, October 19th that permits the company to repurchase $70.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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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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Earnings History and Estimates for Winnebago Industries (NYSE:WGO)

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