Winnebago Industries, Inc. (WGO) Expected to Announce Quarterly Sales of $430.69 Million

Wall Street brokerages predict that Winnebago Industries, Inc. (NYSE:WGO) will post sales of $430.69 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Winnebago Industries’ earnings, with the lowest sales estimate coming in at $401.57 million and the highest estimate coming in at $482.60 million. Winnebago Industries reported sales of $370.51 million in the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The firm is scheduled to announce its next earnings results on Wednesday, March 28th.

On average, analysts expect that Winnebago Industries will report full year sales of $430.69 million for the current year, with estimates ranging from $1.86 billion to $1.99 billion. For the next financial year, analysts anticipate that the business will post sales of $2.05 billion per share, with estimates ranging from $1.92 billion to $2.17 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Winnebago Industries.

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

WGO has been the topic of several research analyst reports. ValuEngine downgraded Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Tuesday, December 19th. SunTrust Banks reiterated a “hold” rating and set a $52.00 price target on shares of Winnebago Industries in a research note on Thursday, December 21st. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price target (up previously from $45.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Finally, BMO Capital Markets boosted their price target on Winnebago Industries to $51.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Winnebago Industries presently has an average rating of “Buy” and a consensus price target of $51.67.

Institutional investors and hedge funds have recently modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new stake in shares of Winnebago Industries in the fourth quarter worth about $120,000. NEXT Financial Group Inc purchased a new stake in shares of Winnebago Industries in the third quarter worth about $124,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Winnebago Industries in the second quarter worth about $201,000. Everence Capital Management Inc. purchased a new stake in shares of Winnebago Industries in the fourth quarter worth about $207,000. Finally, Stifel Financial Corp purchased a new stake in shares of Winnebago Industries in the third quarter worth about $226,000. Hedge funds and other institutional investors own 82.94% of the company’s stock.

Shares of Winnebago Industries (NYSE WGO) traded down $0.10 during trading hours on Wednesday, reaching $43.45. The company had a trading volume of 33,801 shares, compared to its average volume of 883,201. The company has a quick ratio of 1.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1,434.02, a price-to-earnings ratio of 17.78 and a beta of 1.79. Winnebago Industries has a 12 month low of $24.15 and a 12 month high of $58.65.

Winnebago Industries announced that its Board of Directors has approved a share repurchase program on Thursday, October 19th that authorizes the company to repurchase $70.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 9th. This represents a $0.40 annualized dividend and a yield of 0.92%. Winnebago Industries’s payout ratio is presently 16.33%.

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

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